Migration Loan Origination System to Cloud - Vietnam
The migration of the Loan Origination System (LOS) to the cloud involves transitioning the entire loan processing infrastructure and associated applications from on-premises servers to cloud-based platforms. This migration aims to leverage the scalability, flexibility, and cost-efficiency of cloud computing while ensuring seamless functionality and security for loan origination processes.
- Assess Current System: Evaluate the existing Loan Origination System to understand its architecture, dependencies, and requirements for migration.
- Cloud Provider Selection: Research and select the appropriate cloud service provider based on factors such as performance, compliance, security, and cost.
- Architecture Design: Design the cloud architecture for the Loan Origination System, considering factors like scalability, high availability, disaster recovery, and data sovereignty.
- Data Migration: Plan and execute the migration of data from on-premises databases to cloud-based storage solutions while ensuring data integrity and security.
- Application Migration: Coordinate the migration of LOS applications to the cloud environment, including re-platforming or re-architecting as necessary to optimize performance and scalability.
- Integration: Integrate the cloud-based Loan Origination System with other systems and services, such as customer relationship management (CRM) software, credit scoring tools, and payment processing platforms.
- Testing and Validation: Develop and execute comprehensive testing strategies to validate the functionality, performance, and security of the cloud-based LOS before and after migration.
- Security and Compliance: Implement robust security measures and compliance controls to protect sensitive customer data and ensure adherence to regulatory requirements in the cloud environment.
- Training and Documentation: Provide training and documentation to stakeholders, including end-users and IT staff, to ensure a smooth transition to the cloud-based Loan Origination System.
- Ongoing Management: Establish monitoring, management, and support processes to proactively monitor the performance, availability, and security of the cloud-based LOS and address any issues as they arise.
Technologies: Kubernetes, AWS, Terraform, PostgreSQL