Two large Fortune 500 financial institutions in the U.S. and UK have local branches that focus on wealth management applications access, and their primary clients are affluent investors. The branches and their access technologies are purposefully designed to perform at the highest level of excellence. If the underlying transport technology is slow or if there is any degradation in connectivity to applications anytime during a client meeting, it can lead to huge financial losses.
The branches are connected using VPLS/MPLS trunk links, and both institutions maintained multiple circuits for resiliency. With staff working remotely during Covid, these institutions started looking at alternative options to reduce the cost of transport and deliver low-latency secure access while still maintaining reliable connectivity for remote users.
To achieve this goal, the companies chose Prosimo Application eXperience Infrastructure (AXI) along with Microsoft Azure to help them deliver optimized application experience for users working remotely with investors. Prosimo AXI enabled the institutions to maintain their security posture through machine learning (ML)–led recommendations for risk profiling and reducing network transport costs and other infrastructure costs.
Prosimo AXI was able to deliver an optimized path and high-performing application experience to users accessing wealth management applications through Citrix Workspace VDI from the U.S., India, Europe, Hong Kong, and Singapore locations without any client or agent software on users’ devices.
Setting up the Citrix Workspace VDI application was straightforward, using a wizard-based approach to configure required components and Prosimo AXI edges that can scale up and down automatically based on user load and throughput requirements.
Prosimo AXI Solution was able to help the financial institutions achieve the desired architecture for branch connectivity with a combination of Internet/5G and the banks’ private backbone to connect clients to wealth management applications securely, reliably, and cost effectively.
Prosimo’s cloud-based service, using Internet/5G as a first mile, provided necessary redundancy to customers, which is dramatically less expensive. The architecture enabled bank branches to access applications hosted in either the public cloud or the data center using Prosimo cloud-based service as secure and optimized fabric to provide application performance, required scalability/redundancy, and secure access utilizing modern Zero Trust principles.
Today, Prosimo’s solution factors in latency, health, and an estimate of cost to choose the best path.
Prosimo AXI Solution (Prosimo Application eXperience Infrastructure) enables each company’s architecture and connectivity goals without the complexity and common roadblocks that plague most enterprise cloud journeys. This cements the companies’ standing as leaders in the competitive wealth management industry. Multi-cloud can be a powerful business enabler for innovative, forward-thinking companies—but only if enterprises have visibility and control over application experience.