Beneficiary Management Application Modernization and Cloud Deployment

Company: Standard Bank
Industry: Financial Services
Company Size: 50 000+ Employees

About the Company

Standard Bank is one of South Africa’s largest financial services organisations, serving millions of customers across the African continent. With a history spanning over 160 years, the bank offers a comprehensive range of banking and financial products, from personal and business banking to wealth management and investment services. Standard Bank is committed to leveraging innovation and digital transformation to deliver secure, user-friendly, and scalable solutions that meet the evolving needs of its customers in an increasingly connected world.

The Challenge

The client needed to enhance the user experience and performance of their existing beneficiary management functionality within their digital banking platform. Their objective was to modernize the application, improve scalability, and reduce infrastructure management overhead by moving to a cloud-native architecture.

Key challenges included:

Complex and outdated on-premise deployment processes.
Inefficient beneficiary management workflows.
The need for improved scalability and availability.
Costly infrastructure maintenance.

The client was in the process of redesigning how beneficiary details are presented and managed and required a reliable, scalable, and secure cloud environment to support these enhancements.

Our Solution

We designed and implemented a modernized cloud-native architecture for the client’s beneficiary management application using AWS services. The solution involved containerizing the application and deploying it using Amazon ECS on AWS Fargate, which allowed for serverless container orchestration.

Infrastructure was provisioned and managed using AWS CloudFormation to ensure consistent, repeatable deployments. Amazon Elastic Container Registry (ECR) was used to store and manage Docker container images, while Elastic Load Balancing (ELB) ensured high availability and traffic distribution.

Static and user-uploaded content was securely stored in Amazon S3, and observability was achieved through Amazon CloudWatch monitoring and logging.

This solution enabled the client to deploy updates rapidly, minimize infrastructure overhead, and deliver an improved and more intuitive experience for end users managing banking beneficiaries.

Benefits to the client

Cost Savings: Leveraging AWS Fargate eliminated the need to manage server infrastructure, reducing operational costs.
Improved User Experience: Enhancements to how beneficiary data is presented led to a smoother and more intuitive user interface.
Scalability and Resilience: The cloud-native architecture supports auto-scaling and high availability.
Faster Time-to-Deployment: Infrastructure-as-Code (IaC) with CloudFormation streamlined deployment processes.
Client Satisfaction: The project was delivered successfully, and the client was highly satisfied with the outcomes.

Technologies and Methodologies Used

Amazon CloudWatch
Amazon DynamoDB
Amazon ECS on AWS Fargate
Amazon Elastic Container Registry (ECR)
Amazon S3
Amazon CloudFormation
Amazon Elastic Load Balancing (ELB)

By modernising the beneficiary management functionality and migrating to a cloud-native architecture on AWS, Standard Bank successfully enhanced both performance and user experience while reducing operational complexity. The new architecture not only delivers a more intuitive and secure platform for managing beneficiaries but also positions the bank for future innovation. With improved scalability, faster deployments, and reduced infrastructure overhead, Standard Bank is now better equipped to adapt to customer needs and maintain its position as a leader in digital banking across Africa.

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