NTT is helping UNION Asset Management (AMC) in India is strength its digital infrastructure, with the deployment of a software defined data centre solution in their drive to become agile, resilient and flexible to integrate with emerging technologies.
Union AMC now ranks amongst the first public sector bank-funded AMC’s in India to migrate their core business applications of funds investment to a Hyper Converged Infrastructure (HCI) platform in a high-availability mode.
Union Mutual Fund is co-sponsored by Union Bank of India and Japan-based Dai-ichi Life Holdings. The company manages its equity, fixed income, and balanced mutual funds for individuals and institutional clients.
With growing business demands, Union AMC’s current IT infrastructure needed a revamp to ensure that it boosts efficiency, security and be flexible to accommodate future technology enhancements.
Union AMC adopts hybrid IT Infrastructure adoption roadmap that is expected to optimise operations, minimise security risk, enhance infrastructure agility using automation and virtualisation, and business scalability with an infrastructure that can host new applications and augment capacity on demand.
“We are evolving from a legacy data centre model to a virtualised hybrid IT environment at the core of our digital transformation journey,” says Yunus Sagari, head of IT and CISO at Union AMC.
“The hyperconverged solution implemented by NTT in India, formerly known as Dimension Data, is expected to help lower both, the cost and the management complexity associated with traditional data centre operations,” said Sagari.
The new data centre is designed for automated Infrastructure provisioning, auto-scaling of both compute and storage for applications through a common management console,faster backups-restore and a Disaster Recovery setup which will seamlessly failover highly critical workloads without business disruptions.
“Embracing digital transformation with hybrid IT environment and a software-defined data centre is a matter of survival in a business environment where innovation, disruption and competition are pushing financial institutions to reimagine their business models,” said Rahul Ambegaoker, senior director at NTT in India.