Itaú and Intel: Innovating for cloud optimization and performance (COP211)

Reinvent 2022: Unlocking the Financial Services Industry's Potential with Intel and AWS

Overview

• Wonga, from Intel's team, introduces the session and the goal to provide the best cloud experience for the finance industry and other industries starting their cloud journey with AWS and Intel.
• Intel's 18-year partnership with AWS has enabled the powering of 92% of EC2 instances with Intel silicon, optimizing various AWS services.
• Robito, from AWS, sets the stage for the journey of ITA Bank, the largest bank in Latin America, and their cloud migration with AWS.

ITA Bank's Cloud Journey

• Kyo Gomez, ITA Bank's Associate Director for Investments, provides an overview of ITA Bank:
  • Largest banking institution in Latin America, with a $8.4 billion brand value and $50 billion in total assets.
  • Focused on delivering exceptional customer experiences and a comprehensive financial portfolio.
  • The largest institutional investor in Latin America, with over $372 billion in assets under custody.

Challenges and Approach

• Marcel Kio, ITA Bank's Associate Director, discusses the key challenges and approach to their cloud migration:
  • Ensuring zero impact on customers, their key asset.
  • Increasing delivery velocity and infrastructure efficiency.
  • Optimizing financial performance and investor returns through platform modernization.
  • Leveraging Intel's processors to achieve up to 6x performance improvements.
• The migration process involved:
  • Establishing a core migration team, a cloud operations and enablement squad, and a dedicated migration squad.
  • Obtaining business case approval and optimizing workloads for the cloud.
  • Implementing a rigorous testing and deployment process to mitigate risks.

Results and Benefits

• Allen Vascos, ITA Bank's Technology Manager, presents the impressive results of the cloud migration:
  • 99% cost reduction for financial transactions.
  • 1000% improvement in deployment time.
  • Ability to drive innovation, improve operational efficiency, and enhance customer experience.
  • Increased security, scalability, and agility for the business.

Conclusion

• The session highlights the successful cloud migration journey of ITA Bank, with the support of AWS and Intel, showcasing significant cost savings, performance improvements, and enhanced business capabilities.
• The collaborative effort, involving various teams and stakeholders, demonstrates the power of strategic cloud partnerships in unlocking the potential of the financial services industry.