Accelerating and Securing the Cloud Migration with Hitachi Vantara
To help achieve its cloud ambitions, in early 2021, Portfolio+ partnered with Hitachi Vantara for its experience in the Canadian financial services industry. The company’s partnerships with key cloud providers and ‘swim together’ approach to building what’s next while simultaneously upskilling existing resources were also key factors. By working with Hitachi Vantara initially, the Portfolio+ team will be able to gain the practical DevOps knowledge they need to become self-sufficient for future projects, while establishing a secure, solid foundation.
After considering numerous factors, including development, security, operational processes and internal skillsets, Portfolio+ and Hitachi Vantara designed a cloud-agnostic solution that’s currently supported on AWS. The solution’s core capabilities extend to additional cloud platforms based on customer need. The Hitachi Vantara team is also helping Portfolio+ establish DevOps best practices, automate the delivery of its banking software and provide a PCI and SOC2 compliant managed service offering to customers.
“Security, trust and regulatory compliance are the utmost priority for us,” comments Swan. “The Hitachi team helped us leverage the security services that are available as part of the cloud marketplace and ensure that we align with data residency requirements.”
As part of the service, Hitachi Vantara helped develop a business plan with multiple implementation phases to shorten the time to monetize on the platform and recognize revenue. As well as establishing a cloud landing zone, the project includes implementing a continuous integration (CI) and continuous delivery (CD) pipeline, with safeguards for security and compliance.
The platform is also extremely secure to protect sensitive data, including at-rest and in-transit encryption and highly secure authentication and authorization.
Leveraging AWS AI and machine learning tools, the team fed in thousands of financial disclosure documents to train the solution to identify key data with a high rate of accuracy. As a result, the MSRB was able to develop an advanced search algorithm enabling users to find relevant information more quickly and efficiently using natural language processing.
Working with Hitachi Vantara helped the organization maximize agility, as Kim explains, "Working in two week sprints, the Hitachi team was able to deliver and demonstrate value throughout the engagement and respond to rapidly changing market conditions, such as COVID-19."