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.”