Challenge
Mediolanum was managing billions in assets, but their analytics team struggled to leverage the data effectively due to old-school infrastructure. They needed to streamline processes, modernise their legacy IT, and ultimately transform digitally to deliver a world-class user experience. However, the European talent shortage for analysts and developers with the specific certifications required in asset management made local hiring unviable.
Solution
Mediolanum’s CTO, already familiar with The Scalers’ model and expertise, engaged them to find elite software talent. Utilising Bangalore’s hub of Fintech specialists, The Scalers created a localised employer branding strategy, including a microsite, to attract top engineers. They successfully hired an initial three-person scrum team: a senior data analyst and two data engineers.
The team was onboarded remotely due to the pandemic and was quickly integrated into Mediolanum’s organisation and culture, with the Bangalore team demonstrating first-class data security protocols.
The value The Scalers deliver is long-term — Mediolanum Bangalore is an extended part of our team, not individuals disconnected in a different part of the world. It’s been fantastic and much smoother than I could have imagined.
Long-term value and growth
The Bangalore extension continues to prove its long-term value, improving delivery within the analytics team and across the wider business. The seamless collaboration between the Bangalore and Dublin teams, with both learning from one another, has led to improved data leverage and faster request handling. The partnership has removed limitations caused by local skills shortages, enabling long-term growth.
There are plans for the development of both the analytics platform and the team. For the platform, these centre around migrating to the cloud and upgrading the underlying technology, while Mediolanum’s leadership plans to expand their Bangalore team size and level up the existing engineers’ seniority with bespoke training, including in cutting-edge Snowflake technology.
Results
Mediolanum’s stakeholders are delighted with the long-term value provided by the in-house team. The CTO now has a powerful team that enables better data leverage, helping the company make smarter investment decisions. The partnership has resulted in value-adding modernisation of data processes and improved delivery across the business. The new engineers have positioned the analytics team for continued growth and prepared the foundation for an upcoming migration to a cloud system.
Conclusion
Mediolanum’s Bangalore team has successfully overcome the European talent crunch, providing an integrated, long-term asset that has allowed the company to modernise its processes and set the stage for cloud migration. The seamless collaboration and the team’s ability to drive smarter investment decisions have ensured the partnership continues to blossom with ambitious plans for the future.
