Customer Introduction
Airstar Bank is a pioneering digital bank in Hong Kong, backed by key shareholders Xiaomi Corporation and Futu Group. Since obtaining its banking license from the Hong Kong Monetary Authority in May 2019, the bank has focused on offering cutting-edge digital banking solutions to enhance financial inclusion.
Challenges & Goal
Airstar Bank faced significant technological demands to scale operations while managing high costs and resources. The goal was to migrate its entire operations to the cloud to improve agility, enhance customer service, reduce operational costs, and ensure robust security and stability for its digital banking services.
Why Tencent Cloud
Airstar Bank partnered with Tencent Cloud for its extensive experience in cloud migration and robust security features. Tencent Cloud’s comprehensive solutions, tailored for the financial industry, provided the necessary support for a smooth transition while adhering to strict regulatory standards.
Highlighted Benefits
The migration to Tencent Cloud offered Airstar Bank numerous highlighted benefits, including:
• Enhanced agility, which allows the bank to quickly respond to market changes and customer demands.
• Performance improvements were evident through significant enhancements in data processing capabilities and overall system stability.
• The migration is expected to yield substantial cost savings, with estimates projecting millions in annual resource cost reductions due to optimized infrastructure and decreased maintenance complexity.
• The new cloud-based system also provides scalability, enabling dynamic resource allocation to meet peak demands.
• Robust security measures and a comprehensive disaster recovery architecture ensure the protection of sensitive banking data, reinforcing Airstar Bank’s commitment to customer security and trust.