FundApps is a compliance as a service platform that enables compliance teams to respond efficiently to regulatory change, reduce complexity, and increase certainty of the compliance process.
FundApps utilized the combination of cloud computing and regulatory expertise to launch the first compliance as a service (CaaS) product.
FundApps migrated their service from a SQL Server database to cloud-centric solutions of Amazon Aurora Serverless v2 with Babelfish for Aurora PostgreSQL and Amazon S3 to improve service scalability and reduce costs.
FundApps combined extensive dataset with its clients' positions in the Rule Engine to generate actionable results.
The Regulatory data service is responsible for ingesting thousands of files daily from various regulatory sources and processing the data for use by the FundApps Rule Engine.
FundApps overprovisioned resources to handle peak load previously which resulted in cost inefficiency. The migration to Aurora allowed FundApps to use the serverless feature that provides auto-scaling configuration, where the database scales capacity up or down based on the application's needs.
FundApps used a Babelfish feature for Amazon Aurora PostgreSQL-Compatible Edition to enable Aurora to understand commands from applications written for SQL Server.
The transition to the Aurora PostgreSQL database, with the strategic use of complementary AWS services and tools, has delivered tangible operational excellence for FundApps with Babelfish and Aurora PostgreSQL-Compatible.
FundApps migrated from a traditional, proprietary database to an Aurora PostgreSQL database to achieve significant cost optimizations, scalability enhancements, and performance improvements for their workloads.
The migration from a traditional, proprietary database to an Aurora PostgreSQL database, combined with the strategic use of complementary AWS services and tools, has delivered tangible operational excellence for FundApps with Babelfish and Aurora PostgreSQL-Compatible.