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Cloud Migration Strategy for Scalable Investment Portfolio Management System
  1. case
  2. Cloud Migration Strategy for Scalable Investment Portfolio Management System

Cloud Migration Strategy for Scalable Investment Portfolio Management System

itransition.com
Financial services

Identifying Infrastructure Scalability and Reliability Challenges in Investment Management Systems

The client operates an investment portfolio management platform encompassing multiple products, serving thousands of end-users, and handling large data flows. Their existing on-premises infrastructure built during startup phase faces growth limitations, complicating maintenance, scaling, and feature expansion. The client requires a comprehensive migration to a cloud environment to support business growth, improve system independence, simplify operations, and ensure high availability and security.

About the Client

A mid-to-large financial technology firm managing a diverse suite of investment and risk management products for a broad client base, supporting high data volumes, and requiring robust, scalable infrastructure.

Business Goals for Cloud Migration and Infrastructure Optimization

  • Expand cloud infrastructure capacity to support multiple new and existing products
  • Achieve a more independent and user-friendly system architecture
  • Simplify ongoing maintenance and system updates
  • Ensure high security, business continuity, and system reliability
  • Support seamless scalability for future growth
  • Minimize migration downtime and mitigate risks during transition

Core Functionalities for a Cloud-Ready Investment Management Platform

  • Migration of existing applications, sites, and databases using phased and big bang approaches as appropriate
  • Automated migration scripts to reduce manual errors and enhance consistency
  • Configuration of virtual servers, directories, databases, and necessary middleware on cloud platforms
  • Support for both lift-and-shift and custom-scripted migrations for complex and latency-sensitive components
  • Implementation of DNS updating with low TTLs for quick switchovers
  • Comprehensive migration planning including risk mitigation, rollback options, and backup procedures
  • Monitoring and management tools for error detection, rollback, and performance verification post-migration

Preferred Cloud Technologies and Architectural Approaches

Cloud platform (e.g., AWS) for hosting infrastructure
Virtual servers (EC2 or equivalent)
Directory services for identity management (e.g., Active Directory services)
In-memory data store (e.g., Redis or similar)
Managed relational database services (e.g., RDS or equivalent)
CI/CD tooling (e.g., Jenkins or similar)

External Systems and Data Sources for Seamless Integration

  • Directory services for user authentication and access control
  • Existing application and database systems requiring migration
  • Monitoring and alerting tools for live operation oversight
  • DNS management systems for domain and traffic routing

Vital Non-Functional Requirements for System Performance and Security

  • System scalability to handle at least 15+ products and thousands of end-users
  • High availability with minimal downtime during migration and after
  • Data consistency and integrity throughout migration process
  • Secure infrastructure adhering to industry standards
  • Performance optimization to support latency-sensitive applications
  • Automated rollback procedures to mitigate migration risks

Expected Business Benefits and Performance Improvements

The migration is projected to enhance infrastructure capacity, enabling support for additional products and user base expansion. It will streamline system maintenance, improve robustness and security, and ensure business continuity. These improvements aim to facilitate faster deployment of features, reduce system downtime, and accommodate future growth, ultimately leading to increased client satisfaction and operational efficiency.

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