How Adaptavist helped BetaNXT increase operational performance, agility, and security with AWS
Discover how Adaptavist helped accelerate BetaNXT's cloud-first strategy—leveraging Amazon Web Services (AWS) to modernise and streamline its operations.
Requirements at a glance
- Time-critical migration away from LSEG legacy systems.
- Consolidation and rationalisation of development tools in manually provisioned physical data centres.
- Design and deployment of a new scalable, secure, and cloud-first infrastructure.
- Training and support to roll-out agile best practices across all teams.
Industry: Wealth management/Fintech
Solution: Amazon Web Services (AWS)
Total employees: 1,000+
Clients: Financial brokers, advisors, and investors
Summary
With technology advancing, competition heating up, and customer expectations rising, the wealth management industry continues to evolve rapidly. As a leader in the field, BetaNXT is committed to being at the forefront of this change by delivering the wealth management experience of the future to its clients.
To achieve this, it partnered with Adaptavist to embark on a transformation journey in both its technology and culture. The result? With its state-of-the-art technology infrastructure built on Amazon Web Services (AWS), BetaNXT can deliver a superior and trusted service to its clients and position itself for future growth and success.
Our new architecture built on AWS opens up so many new opportunities for our business and clients. We can now integrate other companies we acquire, and develop the products and services our clients need more efficiently and quickly. Due to this, we are not only able to deliver a far superior experience to our clients, but we are also paving the way for future growth and innovation.
Paul Simonetti
Information Technology, Executive Management, BetaNXT
BetaNXT was launched following Clearlake Capital and Motive Partners' acquisition of the BETA+ platform from the London Stock Exchange Group (LSEG). As a result, it became the new umbrella brand for several established businesses owned by LSEG, including Beta, Maxit, and Mediant.
While this move marked the beginning of an exciting new chapter for BetaNXT, it also presented several challenges for the company to navigate, as every entity had its own hosting platforms, development tools, processes, and ways of working.
The challenge
Consistently managing innovation, risk, and security
The inconsistency of the existing architecture, some of which is in physical data centres, limited BetaNXT's ability to provision new products and services at speed while maintaining robust governance and security.
Addressing duplication and inefficiency
In many cases, multiple tools performed identical or similar tasks, leading to duplication of effort and operational inefficiency.
Aligning strategy with delivery
Inconsistencies in development tools, approaches, and the overall supporting infrastructure hindered BetaNXT's ability to align its business strategy with product delivery.
Responding and adapting quickly to change
BetaNXT needed an infrastructure to support agile development and teamwork to meet changing customer demands.
Our biggest challenge was achieving consistency. Without a standard approach across our infrastructure and tooling, it was difficult to make informed decisions, track progress accurately, and respond to client requests as quickly as we wanted to.
Paul Simonetti
Information Technology, Executive Management, BetaNXT
Ultimately, BetaNXT realised that building a scalable, standardised, and secure infrastructure would give it an edge in the rapidly evolving fintech market and lay the best foundation for future success.
‘Adaptavist's proven expertise in cloud infrastructure, innovative tooling, and agile best practices made them the ideal partner for our transformation journey,' explains Frank Merla, Enterprise Solutions Architect, BetaNXT.
The solution
To move to a new infrastructure, BetaNXT first had to transition from the existing LSEG platform and end its transitional service agreements (TSAs). With the help of Adaptavist, they achieved this goal well ahead of schedule.
Paul explains, ‘The earlier we moved off the LSEG platform, the more cost savings we could make. And while it was pretty stressful at times, working in partnership with Adaptavist, we managed to migrate six months ahead of schedule—a fantastic result!"
In parallel with its transition from the LSEG platform, BetaNXT collaborated with Adaptavist to select the right solution to power its new infrastructure.
Based on the advice and guidance of Adaptavist, AWS was chosen for the following reasons:
Exceptional scalability, flexibility, automation, and performance options
Extensive topology and resilience options to support GitLab, its chosen platform for product development
Ability to retain full control over its Atlassian and GitLab environments
Highest global security and compliance standards
Ability to tap into AI and machine learning capabilities
By leveraging AWS, we have been able to create a consistent and uniform infrastructure that not only meets our stringent security and hosting requirements but also gives us the flexibility to adapt to changing business needs with ease.
Frank Merla
Enterprise Solutions Architect, BetaNXT
In addition to supporting BetaNXT in designing, building, and deploying its new infrastructure on AWS, Adaptavist assisted with day-to-day maintenance, serving as the primary point of contact for any changes and training all teams on how to use and manage AWS successfully.
The results
As a result of BetaNXT's new state-of-the-art infrastructure powered by AWS, the company is now able to:
- Develop and deliver products more quickly.
- Reduce prototype deployment time from hours to minutes.
- Automate deployment for rapid prototyping to showcase new features.
- Ensure a consistent approach to innovation across the business.
- Maintain the highest level of security at all times.
- Rapidly adapt to market and customer demands.
- Promote standardisation, reduce risk, and strengthen governance.
- Establish a new centre of excellence to embed continuous improvement.
- Focus on business growth without infrastructure worries.
Thanks to our new architecture built on AWS, we can change the game for our business and clients. In many ways, our transformation journey is just getting started. We've laid the groundwork for future growth and have many exciting plans on the horizon.
Paul Simonetti
Information Technology, Executive Management, BetaNXT
Deep dive into the solutions
Read more in-depth articles about the BetaNXT transformation by Adpatavist.
How Adaptavist helped transform BetaNXT's technology architecture to pave the way for future growth and innovation
Discover how Adaptavist helped BetaNXT reduce its tooling by 67% and optimise its technology operations with GitLab and Amazon Web Services (AWS).
How Adaptavist helped BetaNXT improve delivery efficiency with GitLab Ultimate
Discover how Adaptavist helped BetaNXT standardise its tooling, optimise its technical delivery, and enhance its security with GitLab Ultimate.
Q&A with our client BetaNXT: How our partnership led to key enterprise outcomes
We dived deeper into BetaNXT's transformation journey and spoke with Paul Simonetti, IT Executive Management, and Frank Merla, Enterprise Solutions Architect at BetaNXT.
Unlock the power of AWS with Adaptavist
As an AWS Advanced Tier Consulting Services Partner and AWS Solutions Partner, we leverage extensive expertise to optimise AWS for organisations, ensuring a strategic, efficient, and value-driven cloud experience. Our comprehensive suite of services includes cloud hosting, migration, and managed services, providing flexibility, agility, speed, scalability, and security. Our strategic consulting and innovative solutions help align IT strategies with actionable goals tailored to business needs.
About BetaNXT
BetaNXT powers the future of connected wealth management infrastructure solutions, leveraging real-time data capabilities to enhance the wealth advisor experience. Combining industry expertise with the power of its proven Beta, Maxit, and Mediant businesses, it is focused on solving customers' most demanding integration challenges with flexible, efficient, connected solutions that anticipate their changing needs. Its comprehensive approach reduces enterprise costs, streamlines operations processes, increases advisor productivity, and enhances investor experiences.
Do you have similar challenges to BetaNXT?
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