Successful Integration of PostgreSQL at Finanz Informatik

Our client, a leading IT service provider in the financial sector, specializes in providing state-of-the-art digital solutions for banks and financial institutions. The client faced several critical challenges that required a strategic overhaul of their database infrastructure. The main goal was to introduce an open-source database as a standard component of the infrastructure. This initiative was driven by the need to reduce costs, minimize vendor dependency, and improve the client’s position when negotiating with existing database providers.

Challenges

The client had to ensure that the new open-source database was compatible with the existing systems, met high data security standards, and complied with strict banking regulations, especially risk management rules. Additionally, the new database needed to deliver high performance and reliability, matching the standards of current databases such as ORACLE and DB2.

Solutions

To address these challenges, a comprehensive strategy was implemented in three main phases:

Study 1: Identifying the Most Suitable Open-Source Database

A thorough evaluation of various open-source databases was conducted to find the best solution for the client’s needs. After careful analysis, PostgreSQL was chosen for its robustness, scalability, and strong community support.

Study 2: Integration Planning

The next phase involved determining how PostgreSQL could be integrated into the client’s existing infrastructure. This included evaluating compatibility with current systems, planning the migration process, and ensuring that all security and regulatory requirements were met.

Project: Integration and Automation

The final phase was the actual integration of PostgreSQL and the automation of the deployment process. Our team worked closely with the client’s internal teams to design and deploy the PostgreSQL solution. The deployment process was automated to ensure efficiency and consistency, and comprehensive training and support were provided to ensure a seamless implementation and effective management.

Implementation

Our team conducted a thorough assessment of the client’s existing systems to identify any potential compatibility issues. We collaborated closely with the client’s internal teams to design and deploy the PostgreSQL solution, ensuring that all security measures were implemented to protect sensitive financial data. The deployment process was automated to improve efficiency and consistency, and extensive training and support were provided to the client’s IT team.

Results

The project resulted in significant improvements for the client. PostgreSQL was successfully integrated, improving the IT infrastructure and reducing database management and licensing costs. The transition minimized vendor dependency and provided greater flexibility and bargaining power with other database providers. Importantly, the same high service quality as the previous databases was maintained at significantly lower costs. Furthermore, full compliance with banking and risk regulations was ensured, providing regulatory security.

Client Feedback: The client expressed satisfaction with the project, highlighting the professionalism and expertise of our team. They were particularly pleased that the project timeline was adhered to, and that the same service quality could be offered with open-source solutions at much lower costs. This successful implementation not only met the client’s immediate needs but also positioned them for greater flexibility and cost savings in the future.