(arc312) processing money in the cloud | aws re:invent 2014

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November 13, 2014 | Las Vegas, NV Soofi Safavi, CTO Radian Inc Sri Vasireddy, President REAN Solutions Inc

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Financial transactions need to be processed and stored securely and in real time. Together with a giant in the mortgage insurance industry, we have developed an elastic, secure, and compliant data processing framework on AWS that meets these processing requirements and drastically improves the time it takes to make a decision on a loan. This session will discuss what we've learned along the way, how we have overcome multiple security and compliance hurdles, and how other organizations in regulated industries can do the same. This session is targeted at business decision-makers and solutions architects working in regulated industries with high security and compliance requirements.

TRANSCRIPT

Page 1: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

November 13, 2014 | Las Vegas, NV

Soofi Safavi, CTO Radian Inc

Sri Vasireddy, President REAN Solutions Inc

Page 2: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014
Page 3: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014
Page 4: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Trading

Partners

Origination

Servicing

Loss

Management

Un-Structured Data

Semi-Structured Data

Page 5: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014
Page 6: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Over time, they became buried in noise, increasing overhead...

Value Add Work

Overhead

Page 7: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

0.00

10000.00

20000.00

30000.00

40000.00

50000.00

60000.00

70000.00

80000.00

MB/$NIW

MB/$NIW

Data Volume Increased Dramatically, Compared to Value…

Page 8: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Blue Print : Established an architecutre

OA Proof of Concept

Infrustructure Operations

OA Solution Developement

References (in our domain )

Establish Plan B

Compliance & Legal

Customer

NPI Security Control

Financial

Capabilities

Execution

Ho

w?

Major Activities/Milestones

Dim

en

sio

ns

of

eva

lua

tio

n

Ris

kW

hy?

Does it make sense? Are we compliant? Can we do it?

Page 9: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Cloud Strategy

Radian cloud readiness project proved to us Radian’s ability to

adopt the cloud as a centerpiece to our modernization, despite

significant change management demand ahead of us.

Modernization both short term

and long term will benefit from

the cloud strategy. And IT

innovation will become a strong

enabler of Radian’s business

strategy.

Customer meetings and

compliance research has shown,

the customer concerns around

the cloud will be mitigated by our

security posture and encryption

approach.

… while maintaining an inherited posture of continuous technology and financial

improvement.

Page 10: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014
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Encrypt/Tokenize Non Public Information (NPI)

Unstructured Data Semi-Structured Data Structured Data

Amazon

DynamoDBAmazon

RDS

Amazon

CloudSearchAmazon

RedshiftStorage (S3)

Amazon

Elastic

MapReduce

Elastic Scalable Compute

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Page 13: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Analytics

Apps

NoSQL DB Tables

BI

Apps

Policy

Apps

Data

warehouse

Talend

MapperTransformation

Engine

Structured

DataUn-

Structured

DataDocument Table

PolicyAdHoc

Analysis

Business

IntelligenceRisk Analysis

Holistic

Search

Raw

Data Store

Transformation

Layer

Processed

Data Store

Loan Data

Apps

EMR

Page 14: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014
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Access Control Assessment

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Reduce Code

Deploy-ment Time

Quicker Access to Features and Fixes

Better Metrics on Code Quality

Improved Visibility

for Upper Manage-

ment

Facilitates Decisions & Faster Conver-gence

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Server Automation

Application Automation

Environment Automation

End-To-End

(Stack) Automation

Page 20: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

AWS first design • Prefer service over product and

increase focus on your business

• Do not re:Invent the wheel;

leverage existing solutions in the

AWS ecosystem

More data is better data • Know everything about your data

(context, lineage, etc.)

• Data about is data is as important

as data (data ^ data)

Re-use process vs Re-use data • Leverage on-demand compute

capacity to obtain facets of data

for transaction and analytical

consumption

Page 21: (ARC312) Processing Money in the Cloud | AWS re:Invent 2014

Focus on Information Security as

Opposed to Perimeter Security

• NPI Vault

• Encrypt everything

• AWS provided services

Centralize information to achieve

simple enterprise architecture

• Create a data lake and store

everything in a flexible data

format to facilitate easy

consumption

Automation is a style vs. end state • Automate the last and most

frequent change step in your

process (Kanban process)

Rapid Prototyping • Be open to change update your

architecture/design

• Learn and make better decisions

every day

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