Convera, a prominent global B2B payments FinTech, has successfully migrated its payments network and customer services to Amazon Web Services, Inc. (AWS).
The completion of this strategic move will offer Convera’s users a greater customer experience due to the agility and efficiency of AWS’ market-leading solution.
Drawing upon decades of industry expertise, a widespread global presence, and vital technology partnerships, Convera facilitates smarter financial transactions for over 30,000 global clients, enabling them to maximise the value of each transaction.
The firm’s clientele encompasses a diverse range, from small business proprietors and corporate treasurers to educational institutions, financial establishments, legal firms, and non-governmental organisations. The company offers a wide array of solutions, from basic currency exchanges to advanced hedging strategies.
The migration to AWS sets the stage for Convera to accelerate its growth as a B2B commerce facilitator and embark on a journey of digital innovation through product investments and improved scalability.
Notably, Convera completed the migration of petabyte-scale data across more than 200 applications, encompassing hundreds of databases distributed across four legacy data centers, all within an astonishing ten-month timeframe.
This achievement was made possible by adopting a unique ‘lift, twist, and shift’ strategy. The ‘twisting’ of infrastructure and its subsequent ‘lifting’ involved a re-architecting and automation process using Infrastructure as Code techniques. This approach added an abstraction layer for flexible and repeatable deployment, facilitating the ‘shifting’ of resources to AWS. It is a dynamic approach that enabled Convera to migrate swiftly while positioning itself for rapid innovation.
Patrick Gauthier, CEO at Convera, said, “This exciting development positions Convera to innovate and grow into a digital future. By enhancing our security systems and data flow, this AWS integration allows us to better service current and future customers around the world.”
William Gordon, Controller at Cogent Communications, said, “The recent update to the system that the Convera team performed has dramatically improved performance. It was particularly noticeable in a recent batch that had almost 1,300 payments with the upload time reduced by 60-80%. In my process, the approval, reporting, and confirmation timing and lag decreased around 80- 90%.”
Scott Mullins, managing director, Worldwide Financial Services, AWS, said, “We’re pleased to work with a digital innovator like Convera in further harnessing its data to remain at the forefront of payments modernisation, with speed, efficiency, and informed product investment. The scale and security of AWS provides the reliable infrastructure for Convera to deliver a frictionless experience and create new value for its global customers.”
Convera’s transition to a fully cloud-based system marks a significant step forward. It will empower the company to develop a platform with fully automated payment infrastructure and industry-leading security measures, ensuring secure and efficient transactions.
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