Business News, R&C, and Data Provider:
Business News, R&C, and Data Provider:
Modernizing the Profile Screening Solution for Enhanced Scalability and Reliability
Industry: Telecom & Media
Delivery Center: Brazil
success/business-news-rc-and-data-provider-modernizing-the-profile-screening-solution-for-enhanced-scalability-and-reliability
Business News, R&C, and Data Provider:
Business News, R&C, and Data Provider:
Industry: Telecom & Media
Delivery Center: Brazil
Industry Context
The business news, risk management, and compliance solutions industry are experiencing dynamic shifts driven by increasing regulatory complexity and evolving financial crime sophistication. Organizations face challenges in maintaining robust infrastructures to manage growing user bases while ensuring scalability, reliability, and compliance with stringent regulations like the Bank Secrecy Act (BSA). To address these challenges and improve operational efficiency, businesses in this sector must modernize their legacy systems and integrate their infrastructure to lower dependency on third party solutions to enhance performance, reliability, and compliance.
Client Challenge
Our client, a global leader in business news, risk and compliance solutions, and data-driven decision support, faced challenges with their Profile Screening Solution. This comprehensive application helps organizations manage compliance risks by screening and monitoring individuals and entities, particularly useful for financial institutions, corporations, and regulatory bodies. Rapid business growth led to a surge in users, straining the legacy application infrastructure. Scalability issues were compounded by limitations of core third-party components. Additionally, the solution lacked critical components for high availability and disaster recovery, leading to production outages.
Approach
In lieu of the strained legacy application infrastructure and its impact on scalability and reliability, Encora devised a modernization strategy for the client, primarily focused on migrating to an efficient and powerful platform. Encora selected AWS as the platform of choice due to its comprehensive suite of cloud-native services and robust infrastructure, which aligns perfectly with the client's needs for scalability, reliability, and performance. AWS offers a range of managed services that significantly reduce the IT team’s overhead in server management, allowing the team to focus on innovation and product enhancement. Several key initiatives facilitated by team Encora include:
AWS Services
Amazon EC2
Amazon Elastic Kubernetes Service (EKS)
Amazon Fargate
Amazon S3
Amazon SQS
Amazon RDS
Amazon DynamoDB
Amazon ELB
Amazon Kinesis
Amazon Route 53
Results
Encora transformed the client’s Profile Screening Solution by modernizing their infrastructure, leveraging AWS-managed services. This helped the client with substantial improvements in scalability, performance, and cost-efficiency. The overall results include:
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