The banking and finance sector is experiencing a significant change due to the impact of fintech, new technologies, fluctuating markets, digital finance, and increasing cyber security risks. The customer experience has become the main focus of competition, as customers demand a personalized experience from organizations they trust.
MWGrid assists in modernizing, transforming, and managing technology to enable the delivery of unique products and services at a faster pace in today's rapidly changing market. Our specialists work in partnership with you to meet customer needs, drive growth, and protect against rising security threats.
MWGrid can help you:
- Speed up cloud adoption to enhance new feature development and improve time-to-market for customer demands.
- Modernize systems using a cloud-based data platform that maximizes the potential of AI.
- Deliver personalized experiences through data management and AI-powered operations for intelligent insights.
- Expand capabilities by optimizing and modernizing core banking systems and data centers.
- Promote continuous modernization of existing environments to design around customer needs.
Customer use case
Business challenge Broadridge Financial Solutions aimed to broaden their portfolio of innovative, secure, and reliable solutions for their clients. To achieve this goal and grow their global business with new offerings, Broadridge needed to modernize their core infrastructure to ensure all critical applications remained available at all times.
How MWGrid helped With business continuity being a top priority for both the company and their customers, Broadridge chose MWGrid to develop a global private cloud solution with a flexible design and dependable reliability. The migration to the new platform was completed without any disruption to clients, in a third of the typical time, and now processes trillions of dollars in daily transactions 20-30% faster.
Outcomes achieved
- Broadridge is now able to stay ahead of technology demands and focus more on innovating new solutions to meet customer needs.
- Customers were onboarded faster with the ability to expand the business.
- Delivered many critical, high-volume, and client-facing systems of engagement.
MWGrid can help you:
- Provide effective protection of identities, infrastructure, applications, and data against internal and external threats.
- Detect operational risks from the ground up and continuously monitor data usage and access across hybrid and multi-cloud environments.
- Design, build, and run cyber incident recovery programs to automate recovery of applications, data, and business services in the event of outages or downtime.
- Offer 24/7 protection that continuously monitors, automates, and enforces security policies and compliance mandates.
Customer use case
Business challenge A Bank designated as a Systematically Important Financial Institution (SIFI) was required by the US Federal Reserve (Fed) to demonstrate the resilience of their environment. After facing fail-over challenges, the Bank was on a tight deadline to deliver a plan to the Fed to resolve the issue. With over 40 applications connecting directly to the Fed, not meeting audit requirements would result in substantial fines and negatively impact the Bank's reputation and customer trust.
How MWGrid helped:
MWGrid proactively presented a plan to the Bank not only to meet the minimum requirements of the Fed but to continuously move the Bank towards best industry practices. MWGrid helped the Bank migrate all required apps to a new data center with two successful fail-overs through bi-directional network and data replication, on time and within budget.
Outcomes
- Achieved a new level of resiliency through a high availability, disaster recovery model, avoiding fines, customer loss, and public scrutiny.
- Improved operational resiliency and the ability to withstand outages and data loss in the event of a natural disaster or cyber attack.
- The new data center enables the Bank to integrate apps from newly acquired companies onto the new platform faster and without downtime, making it easier to pursue their M&A growth strategy.
