Banking as a Service (BaaS) is revolutionising the finance sector. BaaS enables non-financial companies to provide customers with financial products and services such as personal loans, credit cards and digital savings accounts. It leverages the expertise and experience of trusted banks, such as Standard Chartered, so they can offer a wider range of services to existing and new customers.

When Indonesian e-commerce company Bukalapak wanted to provide their customers with access to financial services, they partnered with Standard Chartered to launch BukaTabungan, which is powered by Standard Chartered nexus (SC nexus) BaaS platform. While SC nexus already had a footprint on AWS Asia Pacific (Hong Kong) region, it had not yet migrated to AWS Asia Pacific (Jakarta) region.

Sourced Group an Amdocs Company (Sourced), migrated SC nexus’ digital banking platform from AWS Asia Pacific (Hong Kong) to AWS Asia Pacific (Jakarta) within a tight timeframe. SC nexus was planning to make that migration by 2025. But to meet the needs and regulatory compliance of Bukalapak, that migration was brought forward. And while this migration typically takes about a year, Sourced completed the migration of the workload which was spread across four AWS EKS clusters coordinating 103 EC2 instances across three availability zones in just nine months. The accompanying data migration included eight PostgreSQL clusters and data sync for a Cassandra cluster and two Amazon S3 buckets.

As well as enabling Bukalapak to achieve its objectives, being able to offer BaaS from Indonesia broadens SC nexus’ market reach.

The migration was complex as not all the required AWS services were available in the AWS Asia Pacific (Jakarta) region. At the time of migration, Sourced needed to develop robust and compliant solutions as Kinesis Analytics, AWS Transit Gateway, AWS EKS and GPU instances were not available in the AWS Jakarta region.

Sourced’s expertise and deep knowledge of cloud services was a valuable asset in this complex migration. For example, the company was able to architect an automated solution for the data migration. This was a crucial factor that enabled the migration, that took nine months of preparation and planning, to be successfully completed in just eight hours.

The partnership between Sourced and SC nexus has supported and enabled Standard Chartered’s strategic priority of scaling up its mass retail presence through innovative partnerships and generating new revenue streams through digital initiatives. Being able to meet customers’ needs, such as those of Bukalapak proves that it is possible to offer reliable, robust and secure BaaS offerings that take into account the needs for data sovereignty and differing regulatory requirements.

Sourced has expertise in most major cloud platforms offered across the world. The partnership with SC nexus, which has grown over several years, has given SC nexus first-mover advantage in several countries. For example, Indonesia is one of the world’s largest emerging markets with almost 200 million internet users. The partnership with Sourced means SC nexus can offer BaaS in country with onshore services through AWS Asia Pacific (Jakarta) that are compliant with local laws and regulations.

Similarly, it can also do the same in Singapore as well as many of the over 30 markets Standard Chartered already operates in. With a proven track record in making SC nexus available in multiple regions through the partnership with Sourced, Standard Chartered has a platform that can grow beyond the Asia Pacific region and offer compliant BaaS across the world.

BaaS gives businesses that are looking for new services they can offer to customers a high-value service. And while banking has been extremely difficult to break into because of the high cost of establishing systems and licensing and maintaining regulatory compliance SC nexus enables businesses to offer banking services through a trusted banking partner. Sourced has enabled SC nexus to expand its reach across the Asia Pacific region and beyond.

Read the full case study here

About Sourced Group

Sourced Group an Amdocs company is an award-winning global cloud consultancy that enables enterprises to make the most of cloud services with a focus on security, governance and compliance. With offices globally we provide professional services for securing, migrating and managing the cloud infrastructure of large enterprise customers. We specialize in configuration management, automation, cloud computing and data management for a wide range of industries, including financial services, media, transport and telecommunications companies. By utilising our proven deployment frameworks, and trusted design patterns, we work with the largest and most security conscious organisations to unlock innovation through cloud computing.

About Amdocs

Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 27,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. For more information, visit Amdocs at www.amdocs.com.

Managed Cloud Services

Banking as a Service (BaaS) is revolutionising the finance sector. BaaS enables non-financial companies to provide customers with financial products and services such as personal loans, credit cards and digital savings accounts. It leverages the expertise and experience of trusted banks, such as Standard Chartered, so they can offer a wider range of services to existing and new customers.

When Indonesian e-commerce company Bukalapak wanted to provide their customers with access to financial services, they partnered with Standard Chartered to launch BukaTabungan, which is powered by Standard Chartered nexus (SC nexus) BaaS platform. While SC nexus already had a footprint on AWS Asia Pacific (Hong Kong) region, it had not yet migrated to AWS Asia Pacific (Jakarta) region.

Sourced Group an Amdocs Company (Sourced), migrated SC nexus’ digital banking platform from AWS Asia Pacific (Hong Kong) to AWS Asia Pacific (Jakarta) within a tight timeframe. SC nexus was planning to make that migration by 2025. But to meet the needs and regulatory compliance of Bukalapak, that migration was brought forward. And while this migration typically takes about a year, Sourced completed the migration of the workload which was spread across four AWS EKS clusters coordinating 103 EC2 instances across three availability zones in just nine months. The accompanying data migration included eight PostgreSQL clusters and data sync for a Cassandra cluster and two Amazon S3 buckets.

As well as enabling Bukalapak to achieve its objectives, being able to offer BaaS from Indonesia broadens SC nexus’ market reach.

The migration was complex as not all the required AWS services were available in the AWS Asia Pacific (Jakarta) region. At the time of migration, Sourced needed to develop robust and compliant solutions as Kinesis Analytics, AWS Transit Gateway, AWS EKS and GPU instances were not available in the AWS Jakarta region.

Sourced’s expertise and deep knowledge of cloud services was a valuable asset in this complex migration. For example, the company was able to architect an automated solution for the data migration. This was a crucial factor that enabled the migration, that took nine months of preparation and planning, to be successfully completed in just eight hours.

The partnership between Sourced and SC nexus has supported and enabled Standard Chartered’s strategic priority of scaling up its mass retail presence through innovative partnerships and generating new revenue streams through digital initiatives. Being able to meet customers’ needs, such as those of Bukalapak proves that it is possible to offer reliable, robust and secure BaaS offerings that take into account the needs for data sovereignty and differing regulatory requirements.

Sourced has expertise in most major cloud platforms offered across the world. The partnership with SC nexus, which has grown over several years, has given SC nexus first-mover advantage in several countries. For example, Indonesia is one of the world’s largest emerging markets with almost 200 million internet users. The partnership with Sourced means SC nexus can offer BaaS in country with onshore services through AWS Asia Pacific (Jakarta) that are compliant with local laws and regulations.

Similarly, it can also do the same in Singapore as well as many of the over 30 markets Standard Chartered already operates in. With a proven track record in making SC nexus available in multiple regions through the partnership with Sourced, Standard Chartered has a platform that can grow beyond the Asia Pacific region and offer compliant BaaS across the world.

BaaS gives businesses that are looking for new services they can offer to customers a high-value service. And while banking has been extremely difficult to break into because of the high cost of establishing systems and licensing and maintaining regulatory compliance SC nexus enables businesses to offer banking services through a trusted banking partner. Sourced has enabled SC nexus to expand its reach across the Asia Pacific region and beyond.

Read the full case study here

About Sourced Group

Sourced Group an Amdocs company is an award-winning global cloud consultancy that enables enterprises to make the most of cloud services with a focus on security, governance and compliance. With offices globally we provide professional services for securing, migrating and managing the cloud infrastructure of large enterprise customers. We specialize in configuration management, automation, cloud computing and data management for a wide range of industries, including financial services, media, transport and telecommunications companies. By utilising our proven deployment frameworks, and trusted design patterns, we work with the largest and most security conscious organisations to unlock innovation through cloud computing.

About Amdocs

Amdocs’ purpose is to enrich lives and progress society, using creativity and technology to build a better connected world. Amdocs and its 27,000 employees partner with the leading players in the communications and media industry, enabling next-generation experiences in 85 countries. Our cloud-native, open and dynamic portfolio of digital solutions, platforms and services brings greater choice, faster time to market and flexibility, to better meet the evolving needs of our customers as they drive growth, transform and take their business to the cloud. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.2 billion in fiscal 2020. For more information, visit Amdocs at www.amdocs.com.

Managed Cloud Services

The true long-term effects of the COVID-19 pandemic on consumer shopping habits won’t truly be understood for years, but its effect on digital transformation is immediately evident. What we know for certain is that consumers and business buyers expect lightning-fast digital experiences, available on any content device, and the experience has to mirror the ease of doing business that leading brands, like Netflix and Target, delivered during the lockdown. Crucially, this remains true whether you serve consumers or businesses.

For marketers and brands, this level of digital adoption and savviness is a double-edged sword. Digital engagement with consumers and businesses allows marketers to understand their base in a much more fundamental way than traditional marketing methods. However, the speed of this level of adoption has created a whole new issue for digital experience professionals from experience scalability and long-term management point of view.

For IT leaders, I know that long-term management has long been a source of frustration. From infrastructure costs to finding the right talent, it seems that digital experiences are always requiring more attention and more budget. So, the question becomes how can you get out of the digital experience delivery process and pivot to providing more value-added guidance to your marketing and experience colleagues?

To ensure that brands and marketers are empowered with modern, scalable, and agile solutions to meet consumer and business demand for engagement, Sitecore, a global leader in end-to-end digital experience software, has released Sitecore Experience Manager (XM) Cloud. With the unveiling of XM Cloud, Sitecore is the first company to completely transition its core CMS solution, including personalization and the content authoring experience, to a modern cloud architecture.

According to a consumer survey conducted by the company in May, online interactions play an outsized role in driving engagement between brands and customers. Sitecore XM Cloud helps solve the globally recognized problem of powering instantaneous, global digital experiences in the cloud without sacrificing the customer experience.

Through XM Cloud, brands are provided with unrivaled speed to market in the implementation of customer experiences, simplifying design and deployment, and eliminating upgrades, which dramatically decreases the cost of ownership. With XM Cloud, marketers can instantly create, manage, and deliver engaging omnichannel experiences with an industry-leading enterprise-ready CMS.

In short, marketers can create smarter, faster customer experiences that lead to a much more informed and agile brand overall.

“Consumer behavior has changed rapidly over the past two years. Audiences have become very digitally savvy and have an expectation that brands deliver highly personalized customer experiences. This puts marketers in the unenviable position of trying to meet this expectation, but with tools and solutions that don’t deliver, and in some cases hamstring, the needed agility to meet demand,” said Dave O’Flanagan, chief product officer, Sitecore. “Sitecore XM Cloud provides marketers with a truly end-to-end, SaaS-based solution that not only helps brands meet consumer expectations but also delivers a best-of-class omnichannel customer experience.”

XM Cloud can serve multiple internal audiences within an organization. Business users can build pixel-perfect digital experiences via a WYSIWIG authoring experience that can access content anywhere as well as embedded testing & personalization, and integrated visitor analytics. Developers can use XM Cloud with headless development techniques and it will work with modern frontend frameworks and support all deployment scenarios.

“There is growing opportunity in the digital experience market for vendors providing scalable, data-driven personalization within the core of their service,” said Marci Maddox, research vice president for Digital Experience Strategies, IDC.  “Sitecore continues to strategically invest in this critical area. Their current direction and move toward a composable SaaS offering for creating and delivering digital experiences is in line with what marketing teams are looking for today.”  

To find out more about Sitecore’s Digital Experience Platform and latest product updates visit: Sitecore.com.

Enterprise Applications, SaaS