How FSIs shift their cloud infrastructure management from dependent to flexible
Ollion's approach challenges traditional MSP models in the Financial Services Industry, emphasizing collaborative, client-focused operations. We prioritize continuous improvement, agility, and strategic solutions, making traditional MSPs obsolete.
2023-10-01
The financial sector relies on some of the most complex IT infrastructure and engages in everything from cloud computing and data analytics to advanced programming interfaces. Cloud is the foundation of digital change that can transform and reshape your operating model, business offering and customer experience.
The Problem
Traditionally, Managed Service Providers (MSPs) force the Financial Services Industry (FSI) to adapt to their standard operations model; designed for the MSP’s efficiency. They lack a collaborative, client-success, operating model that focuses on enabling greater operational agility and efficiency. A model that reacts to changing cloud capability, taking advantage of selfhealing and autoscaling environments, regulatory environments, and provides for a rapid evolution of their IT environment.
The Challenge
- Assets had a depreciation period of 1 to 5 years, and upgrades were often extended to maximize the return on investment and reduce additional expense
- Keeping the environments up and running between these cycles is difficult
- Performing routine maintenance, patching operating systems, adding new users, monitoring resource utilization, and alerting to issues that impacted performance or caused downtime were tasks that required attention 24x7x365
The Solution
At Ollion, we focus on the continuous improvement and iterative advancement of your cloud environment’s design, development, and implementation. In essence, we take the complexity of operating a cloud environment from an engineering approach, not simply a management task, to deliver seamlessness and simplicity in operation. Our services are strategic by design, helping your development teams improve their velocity, and otherwise enabling teams to navigate the continuous change of the cloud. Engineering Services focus on strategic, proactive, and agile solutions, making traditional MSPs obsolete.
Key benefits include
- Continuous improvement and iterative advancement of the cloud's design, development, and implementation. This involves architecting, building, and continuously optimizing the infrastructure to meet specific business requirements.
- Project-oriented and strategic by design, takes a partnership approach to understand your organizational goals, key performance indicators (KPI’s) and cloud initiatives and collaboratively develops a plan to accelerate your success. This may include implementing new technologies to improve your end user experience, helping development teams improve their velocity, or helping your operations team to implement a new business initiative.
- Include more proactive work, such as designing cloud architectures, implementing automation, optimizing performance, and integrating new technologies.
Engineering Services for Financial and Insurance Institutions
As a financial institution, compliance with regulatory requirements is not just a matter of policy but a foundational necessity. The intricacies of financial regulations mean that institutions must have robust systems in place for monitoring, detecting, and responding to compliance issues.
However, when the inevitable happens, it is important to know exactly when the violation occurred and how quickly you were able to remediate it.
At Ollion, we have found a special need from FSI to assess, maintain and report on their compliance framework. Our Engineering Services are designed to do just that. We work together with financial and insurance institutions to address and remediate compliance violations and maintain that compliance moving forward. Ensuring your team and your technology will stand up to scrutiny under that microscope.
By prioritizing continuous monitoring, rapid response, and a culture of compliance, financial institutions can manage and mitigate the risks associated with compliance violations. It's about building resilience and transparency into the fabric of the institution, ensuring that when violations do occur, they can be addressed swiftly and effectively.
Why Ollion
At Ollion, we pride ourselves on offering our clients increased flexibility in how they engage with our Service Delivery Teams and how they contract with us. We understand that each business is unique, and a one-size-fits-all approach simply doesn't work. That's why we have eliminated long-term lock-in contracts, the requirement for 24/7 support, and rigid RACIs.
At Ollion, we become true partners with our clients, putting the power back into your hands and working together to achieve your business goals.