Ho Chi Minh City Securities hops on to Google Cloud

Following a successful Proof of Concept (PoC), HSC has chosen Google Cloud as its primary cloud provider to power its digital applications and enhance operational efficiency.

This sees HSC migrating its key applications to a hybrid cloud environment using Anthos, Google Cloud’s managed platform for application deployment. With Anthos, HSC can simultaneously define, automate, and enforce consistent security policies across its hybrid cloud environment to ensure that it is meeting corporate governance and compliance requirements. This move - which falls under Phase 1 of HSC’s technology infrastructure modernization initiative - will also see the firm using Google Kubernetes Engine (GKE) to dramatically scale and automate application development on Google Cloud’s open, secure, scalable, and carbon neutral infrastructure.

Adopting a serverless platform like GKE enables HSC to develop new applications much faster and with greater cost efficiency. It also improves the operational management capacity of HSC’s engineering team, so that they can focus on developing innovative products and services to serve HSC’s individual, institutional, and corporate customers - instead of spending excessive time on complex, manual backend IT configurations.

To advance HSC’s goal of building a world-class technical organization, Gimasys and Google Cloud are spearheading an upskilling and certification program within the firm. This will empower HSC engineers with the knowledge and capabilities to manage large-scale cloud deployments and embed an agile culture across the company.

This strategic initiative marks a significant milestone in the digital transformation journey of one of Vietnam’s oldest and most reputable securities companies. By becoming a first mover in leveraging the power of the cloud to achieve operational cost savings and accelerate its speed of innovation, HSC will strengthen its ability to generate new competitive advantages and stay ahead of its customers’ diverse and evolving needs.

Mr. Doan Chi Trung, Director, Information Technology, Ho Chi Minh City Securities Corporation, said: “We believe that it’s important to digitalize our business operations to create new breakthroughs in the market. By collaborating with Google Cloud and Gimasys, we will advance our infrastructure modernization projects and adopt best-in-class cloud computing technologies. This shift to the cloud will help us elevate the user experience, strengthen security, optimize costs, and lay a robust foundation for applying other advanced technologies to unlock significant business value.”

Ms. Le Thi Mai, Ho Chi Minh City Branch Director, Gimasys, said: “As a business unit that has spent many years working with financial services institutions on their digitalization projects, Gimasys brings deep domain knowledge and technical expertise to help HSC meet its goal of harnessing technology to transform its business. By modernizing HSC’s infrastructure on Google Cloud, we believe that we can enable HSC to move even quicker to reinforce its competitive position and take key steps toward becoming the securities company of the future.”

Ms. Ruma Balasubramanian, Managing Director, Southeast Asia, Google Cloud, said: “According to the latest e-Conomy SEA 2022 report, digital financial services continue to gain significant traction in Vietnam. The digital investment solutions sub-sector, in particular, has seen its assets under management (AUM) grow by 50% since 2021. Adopting a hybrid cloud strategy can help companies in regulated industries to meet the growing demand for digital applications that are always-on, secure, and easy-to-use. By running on Google Cloud with support from Gimasys, HSC can rapidly launch new services for its customers and unlock fresh possibilities in areas like fraud prevention, machine learning, data analytics, corporate account management, and more.”