Red Hat, Inc., the world’s leading provider of open source solutions, announced that Ortec Finance, a leading global provider of technology and solutions for risk and return management, has built a cloud-native platform for solutions delivery using Microsoft Azure Red Hat OpenShift. Using managed OpenShift has enabled Ortec Finance to continue growing its business while at the same time enhancing operational consistency and efficiency to improve product quality.
Ortec Finance provides software solutions to pension funds, insurance companies, asset managers and wealth management companies, helping over 600 customers across more than 20 countries balance risk-and-return tradeoffs and improve investment decision-making. In service of its mission to continuously optimize how it serves its clients, Ortec Finance embarked on a technology transformation to cloud-native applications.
Ortec Finance collaborated with HCS Company to build the Ortec Finance Cloud Application (ORCA) Platform, choosing Red Hat OpenShift, the industry’s leading hybrid cloud application platform powered by Kubernetes, as its foundation. While piloting the first product, it became clear that Ortec Finance needed a complete, fully managed platform, which led it to implement Azure Red Hat OpenShift. Running on Azure Red Hat OpenShift gave Ortec Finance’s solution engineers and customers the ability to more efficiently deploy software, oversee access and authorization and manage applications across multiple Kubernetes clusters. Azure Red Hat OpenShift provides Ortec Finance with a comprehensive application platform offering a wider choice of integrated and pre-validated tools for developers.
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With its move to the new cloud-native platform, Ortec Finance onboarded its Global Wealth Solutions team to modernize and migrate OPAL, a solution suite enabling advisors in the bank and wealth management industry to efficiently plan and monitor the financial goals of their clients with realistic insights. OPAL offers realistic projections of how an individual client’s investment portfolio will develop, allowing for timely course corrections caused by changes in financial situations, financial markets or portfolio performance. Azure Red Hat OpenShift provides OPAL with the power to easily and cost-effectively scale clusters as demand requires and deploy the application in any region as needed to comply with local regulations. Azure Red Hat OpenShift helps to increase productivity and quality via automation, boost performance for the application, and provide economic efficiencies.
With Azure Red Hat OpenShift, Ortec Finance can deliver higher quality software faster: for example, its delivery lead times have been reduced from days to minutes, thanks to the ability to release without human handovers. Ortec Finance sees Azure Red Hat OpenShift as a future-ready platform, ultimately enabling business growth and positioning it better to respond to the changing market.
In light of new EU regulations that require companies to report on sustainability practices, Ortec Finance relied on Red Hat for support in measuring and understanding the environmental impact of its cloud computing efforts. The ability to spin up and manage Azure Red Hat OpenShift clusters in multiple regions allows for infrastructure elasticity based on user workloads and local energy grid carbon intensity. Ortec Finance has also used the Red Hat-led open source project Kepler (Kubernetes-based Efficient Power Level Exporter) to better observe, analyze, document and optimize the energy consumption of cloud-native applications.
SOURCE: Businesswire