Regional NSW investment fund Armidale Diocesan Investment Group (ADIG) enlists financial technology expert Transaction Solutions (TAS) to transition its operations to cloud, following the closure of its previous ICT partner.
Financial services, like many other sectors, have been significantly impacted by COVID-19. This trend will continue to grow, influenced by many other geo-political and economic factors. In this VUCA (volatile, uncertain, complex and ambiguous) environment, technology can be a reliable ally in minimising risks and enabling an agile response to rapidly changing environments. But what happens when your technology provider announces they’re closing their business mid-migration?
With the help of leading technology provider TAS, ADIG turned a potentially disastrous situation into a success story, proving that reliability and sector expertise are more important than ever in these tested times. With more than $350 million under management, ADIG’s cloud migration had to be fast and secure, with minimal disruption and zero customer impact, despite a tight timeline.
ADIG CEO, Grant Devine said of the partnership, “TAS has understood not only our business and our unique challenges but also our future potential through cloud migration. As an investment fund we needed an established technology partner and a financial services expert that could not only provide a reliable infrastructure with the highest levels of security, but also increase productivity, with little disruption or impact. TAS exceeded our expectations on all levels by delivering excellence and value-added expertise”.
TAS CEO, Shane Baker, added “The financial sector is heavily regulated and when it comes to cloud technology, you have to get it right from the beginning. We worked closely with ADIG to review existing applications, current needs and future projections, and implemented a hybrid cloud solution. ADIG now owns an agile platform that allows them to easily manage capacity, increase cost efficiencies and productivity, while meeting regulatory requirements for business continuity, risk mitigation and data security.”
Read more about TAS’ work with ADIG here.
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About TAS (www.tas.business): Founded in 1989, TAS is an Australian-owned and operated provider of technology services to the Australian financial services market. With extensive experience servicing one of the most highly regulated industries – Banking and Finance – TAS delivers the highest levels of availability, compliance and quality of service to over 60 clients.
About ADIG (https://www.adig.com.au/): The Armidale Diocesan Investment Group (ADIG) is a registered charity with the Australian Charities and not-for-profits commission (ACNC). The ADIG started operations in 1974 to address the growing financial needs of the parishes and schools in the Catholic Diocese of Armidale, NSW. Returns on investments with ADIG are used for charitable, religious and educational works for the communities of Armidale and Tamworth. Today, the fund has over 6,000 investors, ranging from school children and families to clubs and associations. The total fund value currently exceeds $300 million with a capital base of over $35 million.