AnandRathi Innovates “at Breakneck Speed” on AWS
Growing Demand for Modern Financial Services
Managing Director at AnandRathi
Enabling Industrial Experimentation at Scale
Serverless Automates 24/7 Scalability
Slashing Time Required for Big Data Processing
Investors often check their portfolios first thing in the morning, anxious to view how their assets have moved overnight. Waiting around for reports to download is not a viable option. Especially for the firm’s high net-worth clients, time is money. Number crunching is much faster on the AWS Cloud, with Amazon EMR at the heart of AnandRathi’s big data processing.
Critical asset calculations are now performed 50 percent faster. With a completely new architecture built on top of AWS Lambda, asset reports are generated in a few seconds, down from 15 minutes on premises. This helps retain high-net-worth clients with busy schedules.
Clients and internal stakeholders such as wealth advisors are also benefiting from improved performance on AnandRathi’s service portals. AnandRathi has implemented Amazon CloudFront for low-latency content delivery on its websites and mobile app, and feedback has been positive. Most of the firm’s clients interact with their portfolios via mobile phones, so creating a consistent user experience across platforms was important. Operations team members now experience up to 40 percent faster navigation on internal sites, which has dramatically improved their productivity and ability to respond to client requests.
Improving Efficiency and Database Performance
Though the firm manages assets worth several billion US dollars, AnandRathi’s Wealthtech division runs with a nimble engineering team of 50. The team is now juggling more projects than people, thanks to the automation possible using managed services such as Amazon Relational Database Service (Amazon RDS).
Since its inception, the firm had been using a proprietary database, but it found that open source and AWS cloud-native databases offer the same—or better—performance for less engineering effort. “Amazon RDS is a great solution because we don’t have to invest precious engineering bandwidth in maintenance,” Sen says.
Agile Delivery with Controlled Costs
Engineers at AnandRathi are encouraged to experiment and innovate, but experimentation is cost-controlled, with budgets set on a daily basis. Management, as well as engineering team members, have visibility into line-item costing so they can understand how much was spent on what projects each day. Since migrating to the AWS Cloud, the firm says engineers have a healthier appreciation of the total cost of ownership their applications incur. If a design requires a massive budget, chances are higher that it won’t be approved, which pushes teams to find more efficient means to the same end.
AnandRathi’s positive experience with AWS extends beyond the company’s technology team. According to Amit Rathi, managing director at AnandRathi, “We are focused on building world-class technology solutions that can scale. Accuracy and scalability are at the heart of everything we do, and by using AWS and several of its off-the-shelf solutions, we can further our agenda significantly.”
Benefits of AWS
- Ensures 99.9% uptime for private wealth transaction portal
- Reduces processing time for client reports from 15 minutes to a few seconds
- Enables weekly deployments and encourages experimentation
- Provides detailed visibility into costing for management and engineers
- Secures sensitive financial data at rest and in transit
- Scales resources concurrently with serverless architecture
- Supports 150,000–200,000 API hits per month with near zero failures
AWS Services Used
AWS Lambda is a serverless compute service that lets you run code without provisioning or managing servers, creating workload-aware cluster scaling logic, maintaining event integrations, or managing runtimes.
AWS API Gateway
Amazon API Gateway is a fully managed service that makes it easy for developers to create, publish, maintain, monitor, and secure APIs at any scale. APIs act as the "front door" for applications to access data, business logic, or functionality from your backend services.
Amazon EMR is the industry-leading cloud big data platform for processing vast amounts of data using open source tools such as Apache Spark, Apache Hive, Apache HBase, Apache Flink, Apache Hudi, and Presto.
Amazon CloudFront is a fast content delivery network (CDN) service that securely delivers data, videos, applications, and APIs to customers globally with low latency, high transfer speeds, all within a developer-friendly environment.
Companies of all sizes across all industries are transforming their businesses every day using AWS. Contact our experts and start your own AWS Cloud journey today.