Astadia, an Amdocs Company, Wins FinTech “Best Banking Infrastructure Platform” Award
Prestigious Annual Awards Program Recognizes Outstanding Financial Technology Products And Companies Around the World
Astadia, an Amdocs company, and a leader in mainframe-to-cloud migration, has been named “Best Banking Infrastructure Platform” in the 9th annual FinTech Breakthrough Awards program conducted by an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
As part of Amdocs, Astadia is facilitating rapid mainframe modernization for financial services institutions through its breakthrough FastTrack Migration Factory software platform that accelerates the mainframe migration process. Through an industry-leading migration methodology, Astadia enables organizations to reduce project time and cost while minimizing risk and optimizing performance.
With FastTrack, organizations benefit from a 60-80% cost reduction of mainframe-related expenses and can eliminate technical debt while preserving previous investments in their IT systems. Solving skill issues within their workforce also empowers FIs to enable agility and innovation. Faster time-to-market is possible while also prioritizing and ensuring security compliance and leveraging cloud, BI, DevOps technologies and modern development languages and tools.
Additionally, Astadia offers automated testing, a factory licensing model, and replatforming and refactoring. Recently, the company has been leveraging GenAI to increase the efficiency and range of its scalable mainframe modernization solutions and provides additional GenAI-based modernization patterns that allow clients to extend their modernization journey to truly cloud-native application architectures.
FIs need to be prepared for the shifts happening in our workforce and equipped to thrive in today’s financial landscape, unhindered by legacy technologies. However, cost, business interruption, and heavy manual processes can hold back mainframe modernization,” said Steve Johansson, Managing Director, FinTech Breakthrough. “By leveraging Astadia’s FastTrack, FIs are empowered through next-gen capabilities to remain competitive. Astadia and Amdocs provide expertise and a clear roadmap to make FIs more nimble, turning their strategies into a reality.”
Astadia and Amdocs recently added GenAI to enhance their mainframe modernization offerings. This upgrade boosts efficiency and supports cloud-native architectures and a smooth transition to microservices.
“We designed our FastTrack solution so that financial institutions could unlock enhanced scalability and competitiveness and the ability to innovate their customer experience,” said Scott Silk, CEO of Astadia. “We’re pleased to accept the ‘Best Banking Infrastructure Platform’ award from FinTech Breakthrough. As the American workforce continues to transform with older generations leaving behind their expertise and years of experience in legacy mainframe technology, we’ll continue to help FIs address the skills gap with our expertise, range of technologies, and ability to automate complex migrations and testing at scale.”
Astadia boasts over 300 successful mainframe modernization projects, many of which served Fortune 100 companies.
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and many more.
