Case Study > Enhancing IT Infrastructure and Service Stability for a Financial Institution
Finance
Enhancing IT Infrastructure and Service Stability for a Financial Institution
Focus Areas
IT Infrastructure
Business Problem
A prominent financial firm was facing frequent outages and disruptions in its mobile and online banking system. Slow incident responses and unreliable infrastructure led to a negative customer experience.
Key challenges:
- Incident Management: Outages and disruptions were common for the institution’s IT support services and led to delays in incident resolution.
- Lack of Monitoring: The company faced increased downtime and a cycle of recurring technical issues since there were no real time monitoring tools in place.
- Poor Processes: Inefficient change control processes put a strain on internal resources and system management.
The Approach
Through the use of advanced monitoring tools and the creation of a SWAT team for incident resolution, Curate’s consultants enhanced the stability and functionality of the organization’s online and mobile banking platforms. The solution also involved improving change management processes to ensure smooth service updates and system changes.
Key components of the solution:
- Phase 1: Assessment and Planning
Curate’s consultants thoroughly reviewed the current IT infrastructure, incident management procedures, and application support services (including historical outage data, system performance metrics, and the tools currently in use for monitoring and incident resolution).
Upon review, our consultants recommended integrating advanced monitoring tools such as Splunk for data analytics and Dynatrace for real time application performance monitoring. This would allow the IT team to monitor the system’s condition closely and proactively find and fix any potential problems.
- Phase 2: Proactive monitoring and incident management
In collaboration with the internal IT team as well as outside vendors, Curate’s experts supervised the deployment of Splunk and Dynatrace across the company’s systems. Real-time dashboards and warning systems were set up to instantly flag issues such as performance deterioration or abnormal system behavior.
A dedicated SWAT team with highly qualified IT support engineers was established to manage high priority issues with a focus on quick diagnosis and resolution. Because the SWAT team operated with a highly efficient incident management workflow, they were able to bypass multiple approval stages to go right to work on urgent fixes as needed.
The client’s change control procedures were also revamped to further improve their capacity to handle changes without introducing new risks. This included establishing clearer protocols for testing and validating modifications before deployment, and decreasing the possibility of service interruptions due to system updates.
- Phase 3: Training and Knowledge Transfer
Curate’s team trained the internal IT team extensively on the usage of the new monitoring tools and implementation of incident management best practices. By leveraging the proactive monitoring features to reduce service interruptions, the internal teams could independently manage the system over the long run.
Communication protocols such as quick, transparent updates were to be sent out by the customer support team in the event of disruptions.
- Phase 4: Continuous Improvement and Support
- Curate offered continued assistance after implementation through ongoing system performance monitoring and frequent performance reviews. The reviews made further optimizations possible, due to which the organisation was able to stay flexible in responding to any new technical difficulties. The Curate team also assisted the client with continued optimization of their change control procedures in order to better manage system changes and reduce the likelihood of customers facing disruptions.
Business Outcomes
Increased System Uptime
The company experienced a substantial decrease in unscheduled downtime after implementing real time monitoring.
Reduced Service Outages
The frequency and length of service outages decreased as a combined result of proactive monitoring and the highly specialized SWAT team.
Improved Operational Efficiency
By combining the new monitoring tools and efficient change control procedures, the IT team was able to lessen the burden on internal resources.
Customer Value
Improved Customer Experience
Customers experienced a more reliable platform and were more confident in the institution's services due to fewer interruptions to online and mobile banking services.
Conclusion
Curate successfully assisted the financial institution in improving its incident management capabilities and transforming the IT infrastructure. The organization increased service stability, decreased outages, and gave its clients a more reliable banking experience by utilizing advanced monitoring tools like Splunk and Dynatrace and setting up a special SWAT team for priority situations. The close collaboration between the Curate team, the client’s internal teams, and external vendors helped drive significant improvements, ensuring both short and long-term success.
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