RHB Banking Group names Sourced Group as Strategic Partner for Cloud Transformation journey

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Deploys enterprise-grade platform and first production workload on AWS in less than five months

SINGAPORE, October 10, 2018 /CNW/ – Sourced Group (Sourced), a global IT consulting firm specialising in large-scale cloud transformations, is pleased to announce it has been named a strategic partner by RHB Singapore (RHB) after successfully delivering a cloud-native application platform on Amazon Web Services (AWS) Cloud and deploying the bank’s first production workload on AWS in less than five months.

As a leader in the Association of Southeast Asian Nations (ASEAN) financial services industry, RHB Singapore is embarking on an enterprise-wide cloud transformation journey to enable innovation, deliver exceptional customer experiences and enhance its competitive advantage. RHB is part of the RHB Banking Group, the fourth largest integrated financial services group in Malaysia with offices across 10 countries.

In April 2018, Sourced, an AWS Advanced Consulting Partner, was retained to provide a platform on AWS that would meet RHB Singapore’s strict security and compliance requirements, whilst addressing and building out key financial services IT risk models. Leveraging its deep experience in financial services, Sourced delivered an enterprise-grade foundation for the bank’s applications, consisting of cloud-native infrastructure and automation that helps the bank meet its regulatory and governance obligations with a minimum of manual effort.

Once the platform was in place, Sourced worked with RHB and an application development partner to deliver the RHB TravelFX mobile app – the bank’s first production workload on AWS. RHB TravelFX is a multi-currency digital card and app payment solution that provides a secure and easy-to-use platform offering competitive foreign exchange rates, real-time currency exchange, and the freedom to use local currency overseas. For this complex application, with third-party and on-premise system integration requirements, Sourced used its application pipeline development methodology to automate the deploy and release process. This allowed for multiple releases per day, greatly accelerating the intensive testing period leading up to the application’s launch.

“RHB is committed to provide best-of-breed solutions and experiences to our international customer base,” says Clara Lee Hui Theng, Head of Technology and Operations, RHB Singapore. “With these initiatives now complete, we are well-equipped to deliver new client-facing applications on AWS, as well as migrate existing workloads. Sourced has been instrumental in providing us with this capability. Having a partner with almost a decade of cloud transformation experience gives us confidence as we continue this journey and interface with key regulatory bodies across the ASEAN landscape. Their depth of knowledge of cloud transformation in financial services, combined with their commitment to the ASEAN market, made them a logical choice.”

“We are delighted to be working with RHB as they continue to transform their organisation and commence the journey to adopt cloud at scale,” says John Painter, Managing Director, Sourced ASEAN. “Working closely with the team at RHB, we were able to rapidly deliver a secure and resilient native platform built on AWS, deploy the RHB TravelFX app and introduce modern risk management and cloud operations concepts to the organisation, all within a few short months. We congratulate Clara and RHB on their new multi-currency digital card and remain deeply committed to the ongoing success of RHB and the ASEAN region. We look forward to the opportunity to expand our partnership, bring in top talent from Sourced offices around the world, and help foster local skills to facilitate IT innovation across the region.”

About the RHB Singapore

RHB Singapore was first established in 1961 through a series of rapid expansion and strategic mergers. For more than half a century, RHB has garnered invaluable financial experience and transferred those insights of service excellence on to clients, helping both individuals as well as corporations fulfil their business opportunities. Throughout these years of dedication in Singapore, RHB has built formidable ties with clients and is established as one of the Republic’s most trusted financial institutions. RHB Singapore’s core businesses are streamlined into eight pillars, namely Personal Financial Services and Wealth Management, Commercial Banking, Corporate Banking, Treasury, Structured Finance as well as Investment Banking, Brokerage and Asset Management businesses. All the eight business pillars are offered through RHB Bank Berhad (a fully-licensed bank), RHB Securities Singapore Pte Ltd and RHB Asset Management Pte Ltd. RHB Singapore is the local business operations of the RHB Banking Group, the fourth largest fully integrated financial services group in Malaysia. The Group’s regional presence spans ten countries in ASEAN including Hong Kong. It is RHB Banking Group’s aspiration to continue to deliver superior customer experience and shareholder value; and to be recognised as a Leading Multinational Financial Services Group. For more information, please visit: www.rhbgroup.com.sg

Media Contact: Elaine Sng at +65-6320 6192/ elaine.sng@rhbgroup.com

About Sourced Group

Sourced is a global consulting firm that helps organisations make the most of cloud computing with a focus on security, governance and compliance. With nearly a decade of experience and offices in Australia, Canada and Singapore, Sourced provides professional services that secure, migrate and manage hyperscale cloud infrastructure for enterprise clients. We specialise in organisation-wide cloud transformation and DevOps enablement for highly regulated industries, including financial services, aviation, healthcare and telecommunications. Our proven deployment frameworks, managed services and trusted design patterns enable security-conscious organisations to unlock innovation, increase velocity and embrace a better way of doing IT. www.sourcedgroup.com