HDFC Securities trading app powered by AWS Cloud reached millions
HDFC Securities Ltd has recently launched its new mobile trading application, HDFC SKY, on Amazon Web Services (AWS), a comprehensive cloud platform widely adopted in the industry. HDFC SKY allows investors to access the stock market at a large scale, handling thousands of transactions per second. By using AWS, HDFC Securities will be able to reduce their annual IT infrastructure and management costs by up to 50% compared to on-premises infrastructure.
"AWS helped us to create a culture of builders within HDFC Securities by enabling us to rapidly experiment at a lower cost so that we can innovate on behalf of our customers", said Sandeep Bhardwaj, chief operating and digital officer at HDFC Securities. "We are pleased to have significantly reduced our time to market for pioneering services like HDFC SKY, empowering us with the agility to lead the market and help our customers build wealth", he added.
HDFC Sky offers user-friendly trading services for shares, commodities, futures, currencies, mutual funds, and exchange-traded funds (ETFs) to 75 million customers, HDFC Group companies, investors, and traders worldwide. To enhance its services, HDFC Securities shifted its core workloads to Amazon Elastic Compute Cloud (Amazon EC2), a secure and scalable cloud computing service.
HDFC Securities is utilizing the AWS Asia Pacific (Mumbai) Region and the AWS Asia Pacific (Hyderabad) Region to improve its performance, security, reliability, and scalability. This ensures business continuity and disaster recovery. Vaishali Kasture, Director and Country Leader of Commercial Sales at AWS India and South Asia said that HDFC Securities can now easily scale resources as per demand and leverage the available tools to create an evolving suite of innovative investor services with AWS.
"In addition, by leveraging our AWS Mumbai and Hyderabad infrastructure Regions, India's leading financial services provider can meet the regulatory compliance, disaster recovery (DR) and data protection requirements it needs to continue innovating securely", she added. AWS has a long-term commitment to customers and local communities in India and has invested Rs 30,900 crore in the country between 2016 and 2022.
