AFTAs 2017: Best Cloud Initiative—Northern Trust
The firm has historically been one of the most forward-thinking when it comes to cloud, and had put in place a private infrastructure-as-a-service (IaaS) cloud already. Over the course of 2016 to 2017, it deployed platform and containers-as-a-service (PaaS and CaaS) into the environment, built largely on software-defined infrastructure.
“It was a natural evolution of our cloud strategy, where we have been so focused on IaaS, PaaS and Containers etc., and the reality is that to truly benefit from speed to market, you have to shift your mindset to a software-defined world,” says Vijay Luthra, senior vice president of infrastructure engineering and operations at Northern Trust. “While IaaS-PaaS is great and defines certain cloud technologies, we felt that to get the most out of developer productivity, and the most value for our clients and business, it made sense to start focusing on software-defined infrastructure, with an overall vision of frictionless infrastructure.”
This wasn’t just a case of deciding to move to a software-defined world and making it so, however. It required the creation of a specialized DevOps team within the firm, one which could move seamlessly between various disciplines in order to encourage the rapid growth and adoption of these platforms.
“We established a DevOps team of multi-skilled, what Gartner calls ‘versatilists,’” Luthra explains. “The goal was to bring a bunch of folks with multi skills—app dev, infrastructure, middleware etc.—to form that initial team, to help get the project started.”
Northern Trust has already identified significant benefits from the initiative, moving hundreds of micro-services onto the PaaS platform and more than a dozen traditional applications to the CaaS platform. It has also automated code deployments into the environments, and plans to achieve a 40-50 percent reduction in web infrastructure over the next 12 to 24 months, thanks to consolidation in the containers. The job is not yet finished, however. “Clearly there are areas where we either need to do the same thing, or reskill and hire more versatilists,” Luthra continues. “The whole software-defined network space is a huge area of opportunity and we need to get it right. So I would say it’s a process that’s in the works, but we’ve taken some very sound steps.”
As for what those next steps constitute, Luthra says the team is focused on “constraints,” in terms of identifying the areas where developers are being slowed down, and where the bank is experiencing bottlenecks in moving faster on time-to-market for clients. “That is where we will make investments,” he says.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2026 winner’s interview—FundGuard
FundGuard’s CCO discusses the firm’s Best accounting system provider win in this year’s Waters Rankings.
Waters Rankings 2026: Best credit risk solution provider—S&P Global Market Intelligence
S&P Global Market Intelligence wins best credit risk solution provider in the 2026 Waters Rankings for its RatingsDirect product.
Asia Awards 2026: Best trading network—Liquidnet
Liquidnet wins best trading network in the 2026 Asia Awards.
Waters Rankings 2026: Best cloud-based application provider—Derivative Path
Derivative Path wins best cloud-based application provider in the 2026 Waters Rankings for its Derivative Path platform.
Waters Rankings 2026: Best cloud-based technology provider—SS&C Advent
SS&C Advent wins best cloud-based technology provider in the 2026 Waters Rankings for its SS&C Cloud Solutions: Genesis and Eclipse.
Waters Rankings 2026: Best network provider—Iress Trading and Market Data
Iress Trading and Market Data wins best network provider in the 2026 Waters Rankings for its Iress FIX Hub (IFH) platform.
Waters Rankings 2026: Best performance measurement and attribution system provider—FactSet
FactSet wins best performance measurement and attribution system provider in the 2026 Waters Rankings for its FactSet Performance Solutions (FPS).
Waters Rankings 2026: Best artificial intelligence (AI) technology provider—S&P Global Market Intelligence
S&P Global Market Intelligence wins best artificial intelligence (AI) technology provider in the 2026 Waters Rankings for its S&P Capital IQ Pro product.