FNZ Supports Rapid Growth and Cuts Costs With Hitachi Storage-as-a-Service Solution
Challenge: More Customers Mean More Data.
Solution: Storage as a Service (STaaS).
Estimated 50% on the total cost of ownership (TCO).
Onboard new customers faster.
Reduces IT workload.
Increased flexibility and scalability.
Challenge: More Customers Mean More Data
Global fintech company FNZ provides wealth management platforms to world’s leading banks and financial institutions. Headquartered in London, the company currently manages assets worth over £200 billion, and has seen rapid growth over the past few years. Between 2016 and 2018, the company’s assets under administration (AUA) more than doubled, from £99 billion to £206 billion.
The data has doubled in the same period. Every time FNZ takes on a new customer, it takes on a massive amount of additional data. With thousands of customers that need to be onboarded quickly and securely, FNZ needs to be able to expand its data capacity seamlessly.
We decided to partner with Hitachi Vantara due to their flexibility. With Hitachi Vantara’s storage-as-a-service solution, we’re free to grow and scale. We’ll be able to cope with additional customer data in an affordable way, no matter how big the business gets.
Solution: Storage as a Service (STaaS)
FNZ decided on a new approach to manage its exponential data growth, choosing to partner with Hitachi Vantara for a STaaS solution. With service level agreements (SLAs) for 100% data availability, Hitachi’s service team manages FNZ infrastructure 24/7/365. All-flash systems are installed across its three UK data centers, with Hitachi Content Platform to simplify data archiving. Global-active device replicates between two of the locations to ensure continuous operation. Hitachi Virtual Storage Platform (VSP) G200 and VSP G400, with global-active device to replicate between systems, are implemented in the FNZ’s facility in Switzerland.
Outcome: Seamless Customer Onboarding
FNZ’s IT team is now able to focus on the company’s core business. The ability to provision new storage capacity incrementally and in line with demand helps FNZ onboard new customers faster and more easily. The lead time traditionally required to create a business case every time FNZ seeks to add capacity is no longer needed: It just takes a few clicks. This streamlined process reduces IT’s workload and allows staff to focus on more strategic projects. FNZ is now only paying for the storage it actually needs, as it needs it, increasing flexibility and scalability as the business grows. It’s estimated that FNZ will save up to 50% on the total cost of ownership (TCO) for storage over five years.