Overview
When it comes to modernizing your payments systems and migrating to the cloud, you need a partner with proven expertise. Thoughtworks, with its multi-year delivery engagement, is that partner. Combining deep experience with AWS Cloud and financial services, they build you a modern payments system that can keep pace with your innovation needs. Thoughtworks is a pioneer of agile software delivery and adopts an iterative approach to modernization. Their consultants will first collaborate with your business and technology teams to assess your critical systems, such as clearing and settlement. Next, they’ll help you identify the most important modernization candidates and the highest priority features to deliver.
Over the following months, you’ll see your vision come to life through Thoughtworks’ iterative delivery practices. If your business priorities change, the team can pivot their plans accordingly. Your in-house teams will also benefit by learning Thoughtworks’ architecture, design, development, and testing practices. The iterative approach will also engage your stakeholders since every software increment will generate feedback, which can help enhance future releases.
During this engagement, you’ll tap into Thoughtworks’ industry-leading experience with microservices and distributed systems to create payments products that overcome the limitations of your legacy software. You’ll be ready to handle ever-increasing transaction volumes, changing regulations and your commitments to your business ecosystem. The result? Reduced operating costs and increased revenue opportunities.
Sample agenda
During this engagement, Thoughtworks conducts the following activities:
- Kick-off to review current legacy payment systems and define modernization goals.
- Assess existing systems and identify modernization priorities based on business impact.
- Design an architecture governance framework and develop a business capability map.
- Create a strategy to modernize your systems incrementally with minimal disruption to partners and customers.
- Establish engineering effectiveness and product metrics to measure the success your your modernization program.
- Continuous delivery that includes automated and parallel testing and regular showcases to stakeholders.
- Implement advanced security measures and fine-tune system performance to improve user experience and meet your business SLAs.
- Upskill your development team on new technologies through knowledge transfer sessions.
Deliverables
Here’s what you can expect during this 2-5 year engagement:
- Collaborate with a skilled technology team to build your modernization roadmap.
- Receive a comprehensive technology blueprint, including reference architectures corresponding to various system capabilities.
- See your modernized payments system come to life in valuable increments, on AWS cloud.
- Adopt state-of-the-art architectural practices to design distributed systems and microservices.
- Agree on a governance framework for your payments system so you can manage and evolve your software products.
Applicable areas
Thoughtworks' legacy payments multi-year modernization engagement is for businesses that need a tech partner to accelerate their modernization program. You might face one or many of the following problems:
- Your mainframe systems are costly to manage and challenging to extend.
- You experience business risks from an ever-growing list of security vulnerabilities.
- You’re unable to innovate at the pace of your competitors or adapt to changing regulations.
- Your business needs to handle higher transaction volumes for settlement and reconciliation.
You can partner with Thoughtworks to modernize your payments systems in small increments, without disrupting your business. In the process you’ll accelerate innovation, meet your business’ needs, enhance security and uptime, and delight your partners and customers.
Applicable AWS products and services
During this engagement Thoughtworks will advise you on AWS products and services such as Amazon S3, AWS Lambda, AWS Managed Airflow, Amazon EMR, Amazon RDS, Amazon EKS, Kafka Connect, AWS CloudHSM, Amazon DynamoDB which they can employ to deliver your payments system.
Sold by | Thoughtworks, Inc. |
Categories | |
Fulfillment method | Professional Services |
Pricing Information
This service is priced based on the scope of your request. Please contact seller for pricing details.
Support
Please reach out to partnerships-marketplace@thoughtworks.com and talk to one of our experts today.