Singapore‘s main homegrown monetary companies firm, Singlife, has accomplished its cloud migration by shifting greater than 90 % of its computational processes to cloud with Amazon Net Providers (AWS). It’s the first insurer in Singapore to be totally on cloud, enabling Singlife to avoid wasting S$5 million in prices per yr.
By means of the migration, Singlife collaborated with AWS to raised anticipate buyer wants within the growth of the following era of economic merchandise and experiences. This consists of utilizing the cloud supplier’s main infrastructure, machine studying companies—together with Amazon SageMaker – to satisfy rising client demand for real-time hyper-personalised digital monetary companies, cut back processing occasions, streamline operations, and cut back prices to additional improve buyer expertise, increase staff’ productiveness and creativity, and optimise processing occasions.
Singlife makes use of Amazon Relational Database Service, Amazon Aurora (AWS’s totally managed MySQL and PostgreSQL-compatible relational database constructed for the cloud) to develop and produce new merchandise to market faster.
The migration to cloud permits Singlife to measure and cut back carbon footprint from its computational processes and contribute in direction of reaching web zero emissions by 2050.
Singlife has additionally included AWS coaching to assist technical and enterprise leaders to undertake a cloud-first mindset and speed up product innovation. Since 2022, greater than 70 per cent of the monetary group’s enterprise and technical leaders have earned not less than one AWS Certification.
With the completion, Singlife can now deploy extra scalable cloud infrastructure to satisfy evolving enterprise calls for.
Romil Sharma, Group Head of Expertise and Operations at Singlife, stated, “The completion of this migration is a momentous event because it has given us a head begin in our cloud-first and now cloud-only technique. Singlife is repeatedly reviewing higher, quicker and extra revolutionary options in all that we do. We glance to proceed to reinforce our enterprise resiliency, safety and capabilities, to supply our prospects and neighborhood a greater solution to monetary freedom.”
Priscilla Chong, Nation Supervisor, Singapore, AWS, stated, “Singapore’s monetary sector has seen fast digitalisation to create revolutionary merchandise which can be safe, resilient, and intuitive for patrons. I’m thrilled that Singlife has accomplished its all-in migration to AWS forward of schedule to speed up its cloud-only development technique. Past enhancing buyer experiences by knowledge analytics, AWS is dedicated to serving to Singlife obtain its sustainability targets, digitally practice its workforce, and repeatedly ship revolutionary new merchandise utilizing the cloud, AI, and generative AI to thrill its prospects.”
First introduced in late 2022, the multi-phased venture supported by AWS Skilled Providers included migration of greater than 39 mission-critical functions and allowed Singlife to exit its knowledge centres inside 18 months.
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Singapore‘s main homegrown monetary companies firm, Singlife, has accomplished its cloud migration by shifting greater than 90 % of its computational processes to cloud with Amazon Net Providers (AWS). It’s the first insurer in Singapore to be totally on cloud, enabling Singlife to avoid wasting S$5 million in prices per yr.
By means of the migration, Singlife collaborated with AWS to raised anticipate buyer wants within the growth of the following era of economic merchandise and experiences. This consists of utilizing the cloud supplier’s main infrastructure, machine studying companies—together with Amazon SageMaker – to satisfy rising client demand for real-time hyper-personalised digital monetary companies, cut back processing occasions, streamline operations, and cut back prices to additional improve buyer expertise, increase staff’ productiveness and creativity, and optimise processing occasions.
Singlife makes use of Amazon Relational Database Service, Amazon Aurora (AWS’s totally managed MySQL and PostgreSQL-compatible relational database constructed for the cloud) to develop and produce new merchandise to market faster.
The migration to cloud permits Singlife to measure and cut back carbon footprint from its computational processes and contribute in direction of reaching web zero emissions by 2050.
Singlife has additionally included AWS coaching to assist technical and enterprise leaders to undertake a cloud-first mindset and speed up product innovation. Since 2022, greater than 70 per cent of the monetary group’s enterprise and technical leaders have earned not less than one AWS Certification.
With the completion, Singlife can now deploy extra scalable cloud infrastructure to satisfy evolving enterprise calls for.
Romil Sharma, Group Head of Expertise and Operations at Singlife, stated, “The completion of this migration is a momentous event because it has given us a head begin in our cloud-first and now cloud-only technique. Singlife is repeatedly reviewing higher, quicker and extra revolutionary options in all that we do. We glance to proceed to reinforce our enterprise resiliency, safety and capabilities, to supply our prospects and neighborhood a greater solution to monetary freedom.”
Priscilla Chong, Nation Supervisor, Singapore, AWS, stated, “Singapore’s monetary sector has seen fast digitalisation to create revolutionary merchandise which can be safe, resilient, and intuitive for patrons. I’m thrilled that Singlife has accomplished its all-in migration to AWS forward of schedule to speed up its cloud-only development technique. Past enhancing buyer experiences by knowledge analytics, AWS is dedicated to serving to Singlife obtain its sustainability targets, digitally practice its workforce, and repeatedly ship revolutionary new merchandise utilizing the cloud, AI, and generative AI to thrill its prospects.”
First introduced in late 2022, the multi-phased venture supported by AWS Skilled Providers included migration of greater than 39 mission-critical functions and allowed Singlife to exit its knowledge centres inside 18 months.
