Since 2019, 50% of the financial group's business and technical leaders have earned at least one AWS Certification. Old Mutual is also incorporating AWS training into management courses to help senior managers and leaders across the business to adopt a cloud-first mindset and product development strategy. The single, consistent view of customers provided by Information Fabric enables individualized recommendations and more seamless, intuitive customer experiences, including combined client rewards programs that enable points earned in one area of the business to be redeemed through another. The personalization services are made possible by the expansion of Information Fabric, the data lake that Old Mutual established on AWS. Examples of benefits include the ability to anticipate changing savings needs as customers approach retirement, recommend insurance products based on changing income levels and life stages, and help entrepreneurs plan for investing their incomes as their businesses grow.
The company will leverage AWS ML and generative artificial intelligence (AI) services-including Amazon SageMaker, a fully managed service to build, train, and deploy ML models-to generate real-time, personalized financial forecasting and recommendations for customers. With its cloud migration complete, Old Mutual will use AWS capabilities to better anticipate customer needs and develop the next generation of financial products and experiences. The move will accelerate innovation, at a time of global economic uncertainty, by reducing the time required for new application testing from months to minutes.
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The full migration to AWS involved moving more than 2,000 on-premises servers, 215 applications, 1,786 databases, and more than 500 websites. Old Mutual is using AWS's proven, secure, and highly performant infrastructure to decrease financial transaction processing time by two-thirds, reduce downtime by 50%, streamline the development of new and more relevant insurance products, and drive innovation across its business with machine learning (ML). The migration represents a significant step in Old Mutual's digital transformation. company AMZN, today announced that Old Mutual has closed its on-premises data centers and migrated its entire information technology (IT) infrastructure, including its banking, insurance, and wealth management systems, to AWS. The premier pan-African financial services group is establishing a foundation for digital transformation on AWS-accelerating innovation, reducing IT infrastructure costs, and harnessing machine learning to deliver more personalized customer experiencesĪmazon Web Services, Inc.
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