Are you ready to turn your technology vision into reality? Contact Us

Loading…
Visit Us:
Business_Finbiz
Project Information
Clients:
Summit Capital Group
Category:
Business Solution
Date:
25 January, 2023
Address:
Brisbane QLD 4000
Cloud Management

Seamless Cloud Migration for Financial Services Firm

For Summit Capital Group, we executed a phased cloud migration, it was designed to strengthen regulatory compliance, reduce operational costs, and improve resilience. By leveraging modern infrastructure, advanced security controls, and a phased delivery approach, the migration ensured minimal disruption to services while enabling greater agility and scalability. The initiative positioned the firm to deliver faster, more reliable customer experiences and sustain long-term competitive advantage in an evolving financial services landscape.

“The transition exceeded our expectations, it not only safeguarded compliance and security, but also unlocked new levels of efficiency and innovation across the business.”

The Challenges

Escalating on-premises costs (hardware refresh, data centre, licensing, support)

Limited scalability to handle peak transaction volumes and seasonal spikes

Complex legacy integrations slowing delivery and innovation

Heightened security and compliance exposure (APRA CPS 234, Privacy Act, PCI DSS)

Inefficient disaster recovery/RTO-RPO targets; single-region risk

Long release cycles; manual change/release processes; low automation coverage

Fragmented monitoring and logging; limited real-time visibility

Vendor/end-of-life constraints on critical platforms and databases

Talent constraints for legacy tech; rising skills gap

The Objectives

Enable secure, elastic scaling for core banking and customer-facing workloads

Achieve compliance-by-design (CPS 234, ASIC obligations, Privacy Act, PCI DSS)

Improve availability and resilience (target ≥99.99% uptime; multi-AZ/region DR)

Reduce total cost of ownership (target 25–30% reduction over 3 years)

Accelerate delivery via DevSecOps, CI/CD, infrastructure as code (IaC)

Strengthen data protection (encryption, key management, fine-grained access)

Standardise observability (logs, metrics, traces) and automate guardrails

Minimise business disruption with zero data loss and near-zero downtime cutovers

Establish a cloud operating model with clear roles, runbooks, and FinOps.

The Solution

Cloud landing zone with guardrails: accounts, networking, identity, KMS, baseline policies

Migration approach: rehost “quick wins,” replatform managed databases, refactor high-value services

Security architecture: Zero-Trust, MFA, least privilege, secrets management, WAF, DDoS protection

Data strategy: encrypted data lakes, managed RDBMS/NoSQL, backup, lifecycle management

DevSecOps toolchain: CI/CD, IaC (e.g., Terraform/CloudFormation), SAST/DAST, SBOM, policy-as-code

Resilience: multi-AZ by default; pilot multi-region active–passive for critical systems

Integration pattern: APIs/event streaming; decouple from legacy message brokers

Compliance & audit: continuous controls monitoring, evidence automation, immutable logs

Vendor risk mitigation: containerisation and open standards to reduce lock-in; portability patterns

The Implementation

Phase 1 – Discover & Prepare (0–2 months):

Portfolio assessment; RTO/RPO mapping; data classification and residency checks

Design landing zone; identity and network baselines; compliance control set

Pilot CI/CD and IaC; migration runbooks; change & comms plan

Phase 2 – Discover & Prepare (0–2 months):

Migrate low-risk apps; validate cutover, rollback, performance and DR drills

Establish observability stack; FinOps tagging; security baselines enforced

Phase 3 – Discover & Prepare (0–2 months):

Blue-green/canary cutovers for payments, customer channels, analytics platforms

Replatform databases to managed services; implement cross-Region DR for Tier-1

Performance tuning, autoscaling, cost rightsizing

Phase 4 – Discover & Prepare (0–2 months):

Continuous compliance evidence; chaos engineering; cost optimisation sprints

Uplift runbooks, SLOs/SLIs; posture management; incident response tabletop exercises

Training and capability uplift for ops, security, and delivery teams

The Results

Resilience & availability: ≥99.99% uptime for Tier-1 services; RTO ≤ 30 mins, RPO ≤ 5 mins for critical data

Cost outcomes: 25–30% TCO reduction over 3 years; predictable spend via FinOps and rightsizing

Delivery velocity: release cadence improved (e.g., weekly→daily); lead time and change failure rate reduced

Security posture: continuous control monitoring; automated evidence; reduced high-severity vulnerabilities

Customer experience: faster response times, fewer incidents, improved NPS/CSAT

Operational efficiency: standardised observability; automated runbooks; reduced manual toil

Regulatory alignment: demonstrable compliance with CPS 234/Privacy Act/PCI DSS; clean audit trails

Another Successful Delivery

Conclusion

The seamless migration to cloud has delivered measurable value by reducing costs, strengthening compliance, and enabling a more resilient, agile operating environment for financial services delivery. The initiative ensures the firm is better positioned to adapt to regulatory change, respond to market demands, and deliver an enhanced customer experience. As the client stated:

“What impressed us most was how smoothly the transition was managed. We achieved stronger security and compliance outcomes while gaining the flexibility to innovate faster than ever before.”