Oneworld Global Business Services Achieves Unparalleled Success in Cloud Migration with AWS Partner Ralliton
Oneworld Global Business Services, a leading Cyprus-based financial services group, recently achieved a groundbreaking transformation by migrating its infrastructure to Amazon Web Services (AWS). The migration, spearheaded by AWS Partner Ralliton, enabled Oneworld to meet stringent industry regulations, resulting in significant cost savings and enhanced security across its businesses.
A Strategic Move Driven by Compliance and Efficiency
Oneworld, headquartered in Cyprus and operating in the European Union (EU) and the United Arab Emirates (UAE), faced technical complexities and regulatory compliance challenges within the highly regulated finance industry. The group strategically migrated from on-premises data centers to AWS to address these issues.
The initiative commenced with the migration of One Plus Capital, a regulated investment firm under the Oneworld umbrella. The success of this initial migration prompted Oneworld to replicate the solution for four other companies within its group, demonstrating the effectiveness of the AWS migration strategy.
Enhancing Security and Achieving Compliance Goals
Oneworld's primary concerns included securing its businesses' data and ensuring compliance with government regulations. Additionally, the group sought to implement reliable disaster recovery planning and reduce long-term operational costs associated with running on-premises data centers.
AWS Partner Ralliton, leveraging AWS Migration Hub, executed a meticulous migration plan in two stages for One Plus Capital. The first stage covered the migration of financial applications, while the second involved backend and internal systems, including Windows workloads, databases, and security products. The entire process, spanning three months, allowed One Plus Capital to decommission its data center contract seamlessly.
AWS Solutions for Optimal Performance
Ralliton utilized Amazon Elastic Compute Cloud (Amazon EC2) for running Windows and database workloads, providing secure and resizable compute capacity. The compute cost optimization was achieved through Amazon EC2 Reserved Instances (RI), offering significant discounts. Ralliton opted for Amazon Simple Storage Service (Amazon S3) for storage and data warehouse needs, contributing to lower energy costs and improved security.
The migration to AWS enhanced security and ensured 100 percent compliance with regulatory standards. One Plus Capital's disaster recovery plans were significantly improved, aligning with best practices and offering uninterrupted service to clients worldwide.
Ripple Effect: Success Replicated Across Oneworld Group
Buoyed by the success of the One Plus Capital migration, Oneworld initiated similar migration plans for four other companies within its portfolio. The replication of the project highlighted the adaptability and scalability of the AWS solution, showcasing a seamless transition for highly regulated businesses.
Pavlos Philippides, Director at One Plus Capital, emphasized the positive impact of the migration on employees and clients, noting their satisfaction with the new setup.
Embracing Technology for Future Growth
One Plus Capital, looking to expand its reach as a boutique investment company, expressed its commitment to embracing technology for competitive advantage. Mr. Philippides emphasized the openness to new opportunities and the credibility gained through working with Ralliton and utilizing AWS, positioning the company for future endeavors.
Oneworld's Group's successful migration to AWS, guided by Ralliton's expertise, stands as a testament to the transformative power of cloud solutions in achieving compliance, enhancing security, and unlocking operational efficiencies. The group looks forward to continued success and innovation in its technology-driven journey.