#Atom finance how to

In the first phase, Rana’s team began first by moving its digital mortgages website to Google Cloud, as a low-stakes way of learning how to work with the new technology. The first would involve getting the network middleware onto the cloud, and the second would redesign the core banking stack for a microservices-based architecture utilizing a variety of in-house and external systems fit for the cloud. To ensure a smooth transition, Atom bank planned the project in two phases. In the second half of 2019, Atom bank began its modernization journey to build a new banking stack on Google Cloud. “When we engaged with its engineers, we could see that they were invested in helping us succeed.” “We felt with Google Cloud that we were working closely with a partner rather than simply dealing with a supplier,” says Rana. “We were looking for agility at a more economic cost point, and we could achieve that with the cloud,” explains Rana.Ītom bank examined a range of cloud providers before deciding on Google Cloud for its technical capabilities, level of service, and competitive pricing.

But with a cloud-based infrastructure for the core banking elements, Atom bank could start new projects or launch new environments without having to sink costs into new hardware every time. Some third-party applications would always need on-premises servers to work. As a “challenger bank” competing against much more established competitors with vast resources, Atom bank had to carefully decide how to spend its time, effort, and money on improving the offering. So it wanted to ensure speed and reliability even as it gained more customers and added more services. When the regulatory climate evolved to accommodate cloud computing in 2016, Atom bank began the search for an alternative infrastructure.Īn essential part of Atom bank’s early success was the ability to grow rapidly and sustainably. “That worked really well to begin with, but we always had our eye on the cloud because we knew it could help us be much more nimble,” says Rana. Save money with our transparent approach to pricingĪt the time of Atom bank’s launch, existing financial regulations weren’t amenable to cloud computing, so the bank partnered with a core banking-focused third party to host its infrastructure in an on-premises data center. Rapid Assessment & Migration Program (RAMP) Migrate from PaaS: Cloud Foundry, OpenshiftĬOVID-19 Solutions for the Healthcare Industry

Atom finance