YF Life reduces capital expenditures by 35 percent and achieves faster deployment of new applications with HPE GreenLake
Hewlett Packard Enterprise (HPE) announced that YF Life Insurance International Ltd. (YF Life), a fast-growing fintech company offering one-stop risk- and wealth-management consulting services, has selected HPE as its new partner to power the company’s digital transformation with HPE GreenLake. YF Life is the first insurance company in Hong Kong to use HPE GreenLake services.
YF Life is a member of publicly-listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited and the Massachusetts Mutual Life Insurance Company. The company aims to strengthen its online sales platforms, applications and fintech support systems so as to deliver a seamless user and financial-management experience to its policyholders, consultants and brokers, back-office staff, and especially to digital-native generations.
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YF Life selected HPE Synergy, a highly secure, composable software-defined compute offering, and HPE 3PAR StoreServ, an AI-enabled storage solution, to be delivered as-a-service via HPE GreenLake. YF Life leverages these technologies through HPE GreenLake to operate its applications and data on premises in a scalable, self-service model, and uses HPE GreenLake Central to gain visibility and ensure compliance with local regulations.
At the same time, YF Life’s IT team will now be able to provide service to its users in a faster and more cost-effective manner. Based on their own analysis, YF Life is expecting a three-year return on investment for the infrastructure because HPE GreenLake can shorten deployment times by up to 15 percent while reducing capital expenditures by 35 percent compared with other solutions. In addition, HPE Synergy’s composable and software-defined capabilities allow the application development teams at YF Life to develop new services and apps more quickly.
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Security and Compliance
In Hong Kong, insurance is a highly regulated industry that handles a large amount of personal data, which increases the requirements for compliance with security and data sovereignty. YF Life must comply with data sovereignty laws—that is, all its operational data and personal customer information must physically reside in Hong Kong. Considering the potential risks associated with storing sensitive data on a public cloud, YF Life turned to HPE GreenLake for a secure, flexible and on-premise as-a-service solution to manage its applications and data.
“We need direct control of the IT infrastructure, and the ability to design and enforce the company’s own policies, rather than depending on a cloud provider. A public cloud could not provide that assurance,” said Daryl Cheng, Senior Vice President, Management Information Systems, YF Life. “As a long-term, reliable IT partner, HPE provides the flexibility we need to scale as business demands change, but with control to manage and secure our data on premise. On top of that, HPE GreenLake helps us align with our company’s SUPER (Simple, User-friendly, Powerful, establish Ecosystem, Reliable) strategy as we undergo our digital transformation.”
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Flexible Infrastructure for Faster App Development and New Services
By minimizing the time and resources needed for daily IT infrastructure management by using HPE GreenLake, YF Life can shift its IT resources from managing infrastructure to driving the deployment of new services and innovation.
YF Life selected HPE Synergy and HPE 3PAR StoreServ storage to enable faster app development on a software-defined data center platform. HPE Synergy and HPE 3PAR offer leading infrastructure for all kinds of workloads at cloud-like speed and scale in the company’s own data center. YF Life also plans to adopt DevOps in application development using containers, which HPE Synergy will help support by providing a platform to enable DevOps and infrastructure as code to scale faster.
“We are very pleased that HPE Synergy offers a single set of powerful and yet easy-to-use APIs. With these APIs, we can virtually do everything to the infrastructure to achieve our digital transformation,” added Cheng.
“Security, data sovereignty, and compliance are often top priorities of insurance companies holding huge volumes of personal data. In order to address these concerns, customers in the financial services sector are increasingly turning to HPE GreenLake to benefit from the agility and flexibility of the cloud, while also having the visibility and cost controls of an on-premise deployment,” said Dr. Gabriel Leung, Managing Director Hong Kong & Macau, HPE. “HPE is proud to be playing a critical role in the YF Life transformation at every level of the business. HPE’s unique edge-to-cloud platform-as-a-service offerings provide YF Life with a strong platform to ‘own the future’ as a high tech, sustainable insurance company in Hong Kong, Macau, the Greater Bay Area, and beyond.”
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