Overview
A new digital housing finance corporation, recognized by the Reserve Bank of India, sought a scalable, secure platform to meet rising home loan demand. Path Infotech, leveraging Oracle Cloud Infrastructure (OCI), successfully deployed and integrated their Oracle and non-Oracle applications within three months. This approach resulted in 30% faster deployment, 21% cost savings, and a 20% increase in user satisfaction.
Challenges
Our customer, a new-age, digitally driven housing finance corporation officially recognized by the Reserve Bank of India in October 2023, is on a mission to bring affordable housing solutions to lower and middle-income groups. To support its rapid growth and meet the doubling demand in the home loan market over the next five years, The Customer needed a resilient, scalable, and secure platform.
The Customer’s objective was to deploy and integrate its Oracle and non-Oracle business applications (Oracle FLEXCUBE, MuleSoft applications, and NewGen’s document management system) within three months on a robust public cloud. For this transformative journey, Path Infotech, a trusted Oracle Technology Partner with a proven track record, was brought on board. Renowned for its proficiency in Oracle solutions, Path had already successfully executed FLEXCUBE implementations on OCI, for several of its customers, showcasing its capabilities.
Oracle Cloud Infrastructure (OCI) was chosen for its unparalleled combination of performance, cost-effectiveness, security, and scalability. In February 2024, The Customer announced a strategic collaboration with Oracle. Through a close collaboration with the Oracle Financial Services Software (OFSS) team, Path harnessed the power of CLOUDnU, its innovative cloud service framework, to design an automation-driven transformation roadmap. This joint effort ensured a smooth and secure deployment of The Customer’s applications within the anticipated three-month timeframe.
Path’s dedication to excellence was evident in each project phase. The company exceeded The Customer’s strategic objectives and drove growth through innovation. Post-deployment, Path continued to optimize operations, manage costs, and ensure peak performance, showcasing a commitment to The Customer’s long-term success.
Our Approach
In pursuing an ideal platform for The Customer, our team explored several prominent cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Oracle Cloud Infrastructure (OCI). Each platform was evaluated thoroughly, focusing on scalability, cost efficiency, integration ease, security features, and the range of cloud-native services.
Oracle Cloud Infrastructure (OCI) emerged as the standout choice for several compelling reasons:
- Competitive Pricing and Transparent Cost Model
- High-Performance Computing and Low-Latency Networking
- Comprehensive Security and Compliance
- Seamless Integration
The decision to deploy on OCI not only met but exceeded performance and security requirements, ensuring that the solution stood out as the preferred option. This choice not only ensured the best performance and security, but also provided a competitive edge in the market.
Path Infotech has already designed a Standard Architecture for deploying FLEXCUBE and its peripheral applications on Oracle Cloud Infrastructure, emphasizing scalability, security, compliance, and performance. This industry-focused, innovative solution optimizes costs and fosters innovation, with successful deployments across five clients, including leading gold loan and home loan service providers. Notably, for The Customer, Path’s approach enhanced cost-effectiveness, operational excellence, and security throughout their cloud journey, demonstrating the solution’s efficacy and industry impact.
Results
Path adhered to a structured Terraform approach, ensuring a reliable and efficient infrastructure deployment within the desired timeframe. All Terraform scripts were meticulously developed and tested locally, guaranteeing precision and functionality. Integration with CI/CD pipelines facilitated automated deployments, expediting the setup process.
The solution further contributed to the timely implementation. Key factors included the use of Infrastructure as Code (IaC) with Terraform, streamlining deployment, and an efficient CI/CD pipeline enabling fast deployments.
- Planned Time: 3 Months
- Actual Time: 3 Months
- Result: On-schedule implementation
Minimal re-design or re-work was required post-implementation, having negligible impact on project timelines or objectives. User Acceptance Testing (UAT) conducted over a week validated the system against defined requirements, receiving praise for responsiveness, reliability, and ease of use.
Overall, the implementation saved an estimated 30% in deployment and configuration time compared to traditional methods, showcasing Path’s efficiency and commitment to timely, high-quality solutions. Benefits
Path’s OCI Cloud Native solution has delivered tangible and quantifiable value to our clientele, yielding outcomes such as:
- Cost Savings: Infrastructure and licensing costs reduced by 20%
- Improved ROI: Swift time-to-market drove a 15% increase in revenue
- Productivity Gains: Development cycles accelerated by 30% through CI/CD integration.
- Accelerated Growth: User Satisfaction scores increased by 20%
