Rapyder Helped a Leading Commercial Bank Cut their Cloud Spends by $2500 with Managed Service Support

Introduction:

In the dynamic banking and finance sector, digital transformation is crucial for staying competitive. Customer, a leading ‘A’ Class Scheduled Commercial Bank in India, recognized this and, in 2023, partnered with Rapyder to migrate its analytics workload to the cloud. This collaboration ensured a smooth transition while upholding strict compliance and security standards.

Industry:

BFSI

Offering:

Managed Services

AWS Services:

  • AWS Control Tower
  • AWS Organizations
  • Service Control Policies (SCPs)
  • AWS Single Sign-On (SSO)
  • AWS CloudTrail
  • AWS Config
  • AWS GuardDuty
  • AWS KMS
  • AWS Security Hub
  • AWS Cost Explorer
  • Amazon VPC

Business Need:

The customer, utilizing AWS cloud for its workloads, sought a Managed Service Partner to provide 24/7 support, ensuring uninterrupted operations, continuous business continuity, and a resilient cloud environment that supports growth, boosts efficiency, and minimizes downtime risks.

Solution Approach:

  • Rapyder held a series of discussions with the customer to understand its infrastructure setup, workflows, and operational processes.
  • The information gathered was then translated into a technical design document to facilitate the managed services. 
  • Continuous support is provided through regular audits and reviews to ensure ongoing improvement and alignment with best practices.

Reaping Rewards:

  1. Strengthened Security and Compliance: With centralized logging and dedicated audit accounts, security monitoring is significantly enhanced, achieving a 99% Security Hub compliance score to ensure regulatory adherence.
  2. Improved Resource Management: A multi-account setup enables robust resource isolation and efficient management, optimizing organizational control and scalability.
  3. Rigorous Regulatory Compliance: Implemented guardrails ensure full alignment with regulatory standards and internal security policies, meeting all control requirements of RBI guidelines.
  4. Optimized Cost Efficiency: AWS Cost Explorer and strategic tagging streamline cloud expense tracking and control, resulting in $2,500 in cost savings.

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