Before discovering Pier Cloud’s platform, ABC Bank faced common challenges of a growing cloud operation. With a focus on optimization, security, and modernization, the bank began a strategic partnership with Pier Cloud in 2024 to transform its FinOps approach — aligning with the demands of an increasingly dynamic and competitive technology landscape.
About ABC Bank
Banco ABC Brasil is a financial institution with a broad portfolio that serves both mid-sized and large companies as well as individual investors, offering high-value financial solutions tailored to the specific needs of its clients.
ABC Bank prioritizes security in its operations, ensuring a solid foundation to support its own growth and that of its clients. Therefore, it is always investing in technology, risk control, and operational improvement. It was in this scenario that Pier Cloud stepped in with its solutions.
The Challenges
Initial scenario
Before implementing Pier Cloud, ABC Bank dealt with significant challenges:
- Cost management and optimization: The need to identify and implement savings opportunities in the AWS environment.
- Compliance and security: Ensuring that operations aligned with compliance and security standards.
- Application modernization: Migrating applications to more efficient models, aligned with cloud-native principles.
- Team focus and time: Difficulties in prioritizing actions due to high demand and operational complexity.
- Maturity: Need to understand where ABC Bank was positioned on the Cloud Financial Management maturity scale and how it could evolve.
The Solution
The partnership with Pier brought ABC Bank tools and practices that transformed how the challenges were addressed. Highlights include:
- Lighthouse: The tool provided an integrated view of costs, with indicators and resource efficiency views.
- CCA (Cloud Compliance Analyzer): Through proprietary rules developed in the Platform, opportunities for savings, compliance, and security were made available. The team began using CCA daily to identify where to focus efforts to reduce costs. Additionally, with CCA it was also possible to highlight which instances could undergo a rightsizing process.
- Maturity Assessment: Pier Cloud conducted the AWS Cloud Financial Management assessment within ABC Bank’s environment. Based on the results, clear and prioritized action plans were defined to evolve FinOps and governance capabilities within the company.
Results Achieved
In less than a year, ABC Bank recorded significant progress:
- More maturity in processes: With structured and quick actions, the bank managed to substantially evolve in FinOps, gaining clarity on priorities and actions and executing demands with greater assertiveness.
- Efficiency in cost and security management: The use of CCA allowed for more assertive and faster decisions, with gains in efficiency and compliance.
- Optimization of team time: Through Lighthouse, the teams were able to quickly and easily view their resources and make better decisions about cloud consumption.
Next Steps
ABC Bank is entering a new phase in its FinOps journey, with strategic challenges in mind:
- Application modernization: Continue the transition to cloud-native models. Adopting modern technologies promises significant gains in efficiency and performance.
- Operational sustainability: Focus on building a solid foundation to support growth and explore best practices to prioritize actions in a complex environment.
- Expanding the use of Pier Cloud: The partnership will be essential to overcome challenges and explore new opportunities, further consolidating the bank’s maturity in FinOps.
Testimonial
“The partnership with Pier Cloud has proven extremely positive. We were able to quickly evolve in maturity, thanks to a practical and direct approach, and the CCA tool has been an indispensable resource in our daily routine. We are confident that this partnership will be essential to overcome the modernization and optimization challenges ahead“
– Enzo Rozo, Technology Manager, ABC Bank