Putting 2.7 Trillion Dollars in public cloud: Journey of Fidelity Investments to public cloud.
Fidelity is a large financial services organization with 2.7 trillion USD under management and 7.4 trillion dollars under administration. Fidelity’s Asset Management business unit is on a journey to move all the compute and data processing to the public cloud securely.
This case study introduces the motivation, decision criterion, cloud architecture and design patterns, common misunderstandings, and the culture shift involved in cloud migration. It will discuss on how a real-world solution may require a hybrid approach where on-prem and cloud solution need to coexist and interoperate to provide the business value and manage risk. We will also share how cloud architecture patterns can be used to create a more resilient, scalable and secure solutions. In cloud architecture, we will focus on new computing paradigms like Serverless and architecture patterns around CQRS, external configuration store, federated identify and transaction management. Some of these patterns are required due to unique challenges posed by cloud’s unique constraints where infrastructure fails all the time, security is a shared responsibility and control may be limited.
Girish Maraliga, Chief Architect, Asset Management and IT fellow, Fidelity Investments