Cloud Migration of Loan Origination System - Vietnam
This project involves moving the Loan Origination System (LOS) from on-premises servers to cloud-based platforms. The goal is to enhance the system with cloud computing's advantages, such as scalability, flexibility, and cost-effectiveness, while maintaining 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, Terragrunt, Security Hub, Snyk, Database: Aurora PostgreSQL, CICD: Jenkins, Vault, Helm, Gitops, Argocd