Oncore IT News - 13 October 2014

Working the Cloud for Financial Services

We’ll be discussing the business relationships that Oncore IT has had with current large names in the financial services sector, outlining some of the qualities and cloud services adopted by the organisations. Looking at Boston Marks Insurance Brokers (BMIB) and London & Capital.

BMIB a privately owned independent insurance and reinsurance broker and the London business of the Boston Marks Group based in New Zealand. Oncore IT have had a long term customer relationship stemming back to 2005.

They had chosen to outsource based on their need to upgrade from an out dated unreliable legacy system, which led them to further outsource in-house IT staff, which halved their spend in that area.

Oncore IT was chosen because of it experience and knowledge within IT and data security systems. BMIB chose to devote their entire infrastructure managed on a virtualised enterprise-class platform. Running key business software and applications, which are essential to the day-to-day running of the business. The current use of Hitachi Data Systems’ storage and content platforms was also a desirable factor in the decision.

Tony Orpwood operations manager of BMIB comments, “We didn’t want to change our IT partner as we have been satisfied with what Oncore IT has been doing and their capabilities. It’s just not cost effective for us to look after IT ourselves so we’re pleased they’re on board. It’s a comfort factor that the people with the right expertise and experience are managing our systems providing us with the assurance we need to ensure our IT will work properly day in day out.”

London & Capital – an independent wealth management firm desired to move away from a legacy tape-based in-house system, to a more reliable technology. Oncore now provide an Asigra cloud storage solution for online backup. Using best-in-class technologies really helped to secure the agreement, giving customers the added confidence that business critical systems are in line with current FSA policies.

Glenn Murphy, head of IT and London & Capital notes, “Shifting to a third party to manage our backup and restore systems reduces the management, IT and cost overhead on our business. Expenditure becomes operational rather than capital, and we commit to an established and compliant back up and restoration solution managed by a specialist.”

“Having reviewed various suppliers, we selected Oncore IT and Asigra given the competitive cost of the storage, and the ease of implementation which means the time overhead for deployment has been low.  And of course, we can scale the amount of data we store on-demand based on our business needs and any future regulatory requirements.”

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