Fisch Asset Management is a Zurich based
independent asset manager founded in 1994.
Fisch embarked on a digitalization journey with Amazon Web Services in 2017
to remain at the forefront of the industry and focus on its core business.
Let’s listen to their story.
My name is Vladimir Khmyrov,
I’m chief technology officer at Fisch Asset Managment.
In recent years,
we have pursued an outsourcing strategy and moved to cloud.
It helps us to develop new products.
We started our cloud journey in 2017.
That came out of the need to compete with much bigger organizations.
We would like to stay lean and efficient and leverage develop practices
and help with delivery of software solutions in weeks rather than in months.
We have an appetite to go international beyond our domestic DACH region
and broaden our presence in Central Europe.
AWS helps us on that journey by helping with delivery of data,
improving our communications and overcoming regulatory hurdles.
Across our financial service customers,
we see that speed of innovation matters.
Our customers start moving to the cloud
because they need an environment that is scalable, resilient and secure
in order to be able to compete and grow.
Using AWS cloud has made our lives much better.
We are using native AWS services
to store our documents for our networking, to automate software deployments
and to install any and all applications we require, very easily and very fast.
AWS offers us so many security configuration options that we can implement security in different levels.
We can define which specific service can access which specific resource on a very granular level,
and this allows us to focus on other tasks that we have within the company.
Fisch leverages data analytics for risk simulations.
For other clients we enable lock analytics, open search, large amounts of data processing,
real time analytics and data warehousing.
We compare risk simulations to use cases on premise and in the cloud.
The cloud not only brings elevated CPU and memory performance, but you also lower operational costs.
You only pay for what you use.
And you get state-of-the-art security and AI and ML capabilities.
We have designed the system to automate processes within our reporting department.
Previously, a team of experts needed to work for a week to create more than 250 reports.
But now thanks to AWS native services, such as AWS lambda, storage gateway
and S3 it takes less than 6 minutes to generate all the reports.
Lambda has also allowed us to scale the needed services up and down
without thinking about infrastructure or any instances or storage. Our analysis department using AWS Beanstalk can work in a more developed fashion where the deployment happens automatically, and they can focus on programming their R and Python code
instead of focusing on infrastructure or requesting services from internal IT departments.
Along the cloud journey, skills and expertise becoming a crucial factor.
You need to be sure that you have engaged engineers who make the migration happen.
AWS helped us with six migration strategies and guided us and led through the whole process.
Everything has an API that makes infrastructures code truly possible.
Here at Fisch, we would like to become more data-driven.
We believe that SageMaker will help us to achieve improvements
in quant-development workflows, especially SageMaker for R.
And that for sure will help us to develop new products and focus on our core expertise.
AWS helps us to keep focus on the core business and takes care of tedious tasks.
We trust AWS with the most critical production solutions.