Financial Services
Financial Services
March 24th, 2018
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“The system was custom built in the 1980s, and the design was extremely complex. Despite the complexity and high-transaction counts, the system was successfully replatformed to AWS, where it has been in production since June 2020. This has been a hugely impressive implementation that has enabled Venerable to adhere to its cloud-first strategy.” Tim Billow, EVP & CIO, Venerable |
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INDUSTRY |
CLIENT |
PROJECT |
SOLUTION |
RESULTS |
| Insurance | Venerable is a business with well-established, strategic investors, experienced in successfully building and growing insurance businesses with patient, long-term capital. |
Replatforming of Agent Management System (AMS) on AWS Cloud to implement a cloud-first strategy and establish an acquisition engine.
The target workload was the Agent Management System (AMS), which provided core business-critical functions for commission calculations, payment generation, license validation, supplemental compensation, accounting, and statements. Inventory: 3.8M LOC, COBOL, Assembler, CICS, JCL, VSAM, Db2, RACF, MQ. Duration: 16 months. |
Probe™ for application discovery and inventory analysis. Heirloom® for code replatforming and data migration.
Project implementation was led by Cognizant, along with Heirloom Solution Architects and Venerable SMEs. |
AMS replatformed as a cloud-native application running on a highly-available AWS infrastructure.
Project completed 8 months ahead of schedule. The IBM Mainframe was decommissioned. $1M per month in savings which cut OPEX by more than 80%. |
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“Given the size and complexity of the processing, we were astonished that the replatformed system was processing requests within 3 months of the project start date.” Satu Koskinen, CIO, Arek Oy |
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INDUSTRY |
CLIENT |
PROJECT |
SOLUTION |
RESULTS |
| Pensions | Arek builds, maintains, and develops common information system services required for pension insurance.
Arek is the sole provider of pension calculations to all of Finland’s pension providers. |
Replatforming of a very large pension calculation workload to a private cloud with sub-second response time requirements.
The pension calculation engine is used by all of Finland’s pension providers. Inventory: 22M LOC COBOL, PL/I, Assembler, IMS, MQ. Duration: 9 months. |
Probe™ for application discovery and inventory analysis. Heirloom® for code replatforming and data migration.
Project implementation was led by Accenture, with infrastructure services provided by Tietoevery, along with Heirloom Solution Architects, Azul engineers, and Arek SMEs. |
The pension calculation engine was deployed as a Spring Boot service on a dynamically scalable Kubernetes cluster, managed by Google Anthos.
The first-ever successful mainframe migration in Finland. Cost savings are projected to exceed 80%. A 4-pod cluster outperformed the original mainframe system by 152% with average response times of < 700ms. Accenture Case Study (Summary) |
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“Our high-value Enterprise Payment Platform processes volumes for banks of all sizes, especially larger institutions. Heirloom gave us the flexibility and control to deliver on our strategy.” Jim Gillespie, Head of Digital & High-Value Payments, ACI Worldwide |
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INDUSTRY |
CLIENT |
PROJECT |
SOLUTION |
RESULTS |
| FinTech, Banking | ACI Worldwide provides a mission-critical real-time electronic payments platform to 19 of the world’s top 20 banks and 80,000 merchants, processing 225+ billion consumer transactions annually. | Modernization of electronic payments application platform processing $14+ trillion in payments and securities transactions each day to enable application deployment to agile infrastructure and distribution of services through new digital channels.
Inventory: COBOL, C, Java, SQL. Duration: 9 months. |
Using Heirloom®, the Enterprise Payment Platform application was replatformed from the IBM platform to the JVM running on commodity x86 Linux hardware.
Project implementation was performed by the client application SMEs with support from Heirloom Solution Architects. |
Along with the migration to an agile platform, cost reduction and improving performance were considered critical success factors.
The cost of infrastructure required for the application was cut by 70%, delivering a significantly more cost-effective solution for customers and improving margins for the client. |