Major Bank Acquisition: Cloud Migration & Cost Optimization

Introduction
In the highly regulated financial services industry, scalability, compliance, and operational efficiency are critical for success.

A leading Canadian bank, one of North America’s top 10 by assets, sought to modernize its systems following a major acquisition.

With $1.29 trillion in assets and 13 million customers, the bank needed to integrate acquired company systems while maintaining high standards of data quality and compliance.

Challenges Faced
The bank encountered several obstacles as part of the merger:

• System Fragmentation: Disparate systems increased operational complexity and costs.
• Tight Deadlines: M&A delivery timelines and compliance goals required rapid integration.
• Scalability Needs: Legacy systems struggled to scale for future growth.

What Did We Do to Solve It?
Komhar collaborated with the bank to deliver a seamless migration strategy using Morph2Cloud.

The approach focused on automating application and data transfer from legacy systems to cloud platforms.

How Did We Solve It?
Our multi-layered solution included:

1. Data Migration Framework:
   Developed reusable frameworks to extract, encrypt, and reconcile data at every step.
2. Automated Code Conversion:
   Simplified migration from legacy ETL tools to Redshift, reducing manual effort by 80%.
3. Metadata-Driven Scalability:
   Built an architecture capable of handling dynamic workloads with minimal manual intervention.
4. Data Integrity and Compliance:
   Ensured data lineage and reconciliation, meeting regulatory standards.

Measurable Benefits

• 70% Reduction in Infrastructure Costs: Automation and cloud scalability led to significant savings.
• 80% Faster Data Processing: Optimized pipelines reduced processing times and improved report generation.
• Seamless Integration: The scalable architecture allowed new applications to be onboarded efficiently.

Ready to Modernize Your Financial Systems?
Legacy infrastructure shouldn’t slow down your growth or inflate your costs. Komhar’s Morph2Cloud platform helps banks automate migration, scale seamlessly, and stay compliant every step of the way. Contact us today to start your cloud transformation journey.