The bank that is speeding up its product development by outsourcing its cloud-based operations
Speed is the word
In a highly competitive market like financial technology and consumer banking, speed is of the essence. The ability to test a new service and either implement it or tear it down, with no major loss of time or resources, has a major impact on time to market. Moreover, financial services providers are constantly contending with new compliance regulations, which require fast adaption.
“In our business, everything has to be done quickly. Without Basefarm, we wouldn’t be able to work at the speed we do now,” comments Prateek Chaudhary.
Automation for greater efficiency
One of the major advantages of Azure Kubernetes is the opportunity to build automation into systems and processes. However, as Prateek Chaudhary explains, you need expertise in order to benefit from automation.
“You need to know how the cloud works to find the opportunities to create automation. Basefarm acts as an advisor to Komplett Bank to enable us to leverage the automation opportunities offered by Azure Kubernetes,” he says.
As a result of the automation that is built into Komplett Bank’s systems, the company is now able to do more using fewer man-hours.
Certificate management project
Ordering, maintaining and renewing certificates can be a time-consuming process. At Komplett Bank, an existing manual process has now been replaced with an automated process.
“In recent years, the number of certificates we have to manage has increased incrementally and the process of keeping them updated was becoming quite frustrating,” explains Prateek Chaudhary. “Thanks to an automated certificate management project we implemented with Basefarm, every certificate is now in Cloud KeyVault and, when it expires, it is renewed automatically. This has minimized incidents caused by reminders not being in place and saved a considerable number of man-hours in the ordering process.”
“To leverage the benefits of the cloud, you need cloud expertise”
Prateek Chaudhary appreciates Basefarm’s knowledge of the cloud for several reasons:
“Using Azure Kubernetes requires a lot of work on the operational side. Since we have Basefarm to take care of the operational aspects of the cloud, our developers can leverage the benefits of the platform without having to spend time maintaining it. This allows the developers to focus on developing business value.”
“The cloud is changing every day. To take advantage of it, you have to be up to date, and that’s why having the backing of an external company like Basefarm that is a cloud expert is so important. It’s not so easy to train your in-house employees at the speed required to be fully up to date on the cloud.”