Integrated engineering team helps Mediolanum modernise and move faster

Integrated engineering team helps mediolanum
Integrated engineering team helps Mediolanum modernise and move faster
CHALLENGE

In 2019, Mediolanum was managing €43bn in assets across the EU, with a vision to reach €65bn by the beginning of 2022. Their analytics team had tons of data but weren’t able to leverage it as effectively as they’d like due to old-school infrastructure. So, they wanted to streamline processes and scale up. The leadership realised they needed to modernise their legacy IT, demonstrate the value of new technology to the wider business, and digitally transform to deliver world-class user experience. The problem? The European talent shortage of analysts and developers who’re certified in the specific technologies required in asset management is fierce. Quite simply, hiring locally wasn’t an option.

mediolanum logo
  • Location: Dublin, Ireland HQ
  • Industry: Asset Management
  • Number of employees: 130+
  • Partnership since: 2020
Charles Ellis
Charles Ellis,
Head of Analytics, Mediolanum

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.

01

Building the team

A relationship built on trust

Their CTO had worked with The Scalers in a previous organisation, so was well acquainted with their model, expertise, and company culture. The leadership knew the skills required, but the difficulty acquiring elite software talent locally meant The Scalers stepped in to help — with India boasting fintech specialists hard to come by in Europe.

Relationship built on trust

Mining for gold

As The Scalers’ CEO is technically minded himself, Mediolanum were secure in the knowledge that they were in good hands as recruitment began. Due to the highly competitive nature of talent acquisition and retention in the fintech sector, The Scalers created a localised employer branding strategy and assets including a microsite with all the information about the company, product and employee benefits — all of it to attract the best engineers in Bangalore and to appeal to interested candidates who wanted to learn more about Mediolanum.

Localised employer branding strategy

Good things come in threes

After mining Bangalore’s elite talent pool for engineers qualified and certified in the required technology stack, The Scalers’ recruitment team hired an initial three-person scrum team for Mediolanum – a senior data analyst and two data engineers who were all highly qualified in the requisite technologies. Modernising data processes was of utmost priority, to enable data to be presented in a smarter way — creating user-friendly dashboards for other teams to work on. Ultimately, to add value for the wealth managers in the organisation.

Relationship built on trust

Positions hired:

Data Engineers
Senior Data Analyst

Technologies

Microsoft SQL or T/SQL SSIS Azure Data Factory Microsoft Power BI Snowflake Azure DevOps
02

Running operations

Embracing a new normal

With the partnership beginning just prior to the Covid-19 pandemic, the two parties entered a new reality when it came to onboarding the new team. Given the circumstances, this was performed remotely. The Scalers continually interacted and engaged soon-to-join employees to help them integrate into Mediolanum’s organisation and culture, providing things like branded welcome packs — an idea the Dublin leadership have begun to implement there with new joinees. Towards the end of the pandemic restrictions, the office space was procured. And, once vaccinations started coming into effect, teams were able to start coming to the office.

Mediolanum’s organisation and culture

An asset in safe hands

Due to the global nature of Mediolanum’s existing operation, there wasn’t much of a concern about data security in their Bangalore team. Emilen, The Scalers’ CEO, was nevertheless determined to demonstrate the value of the protocols and Mediolanum’s internal security team noted they were first class. Ultimately, The Scalers complied with Mediolanum’s existing protocols in Dublin, ensuring everything was in safe hands.

Mediolanum’s internal security team
tablet with the scalers education content

Overcoming the UK and Irish talent crunch

How businesses can navigate the skills gap at home and scale quickly with offshore talent

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03

Scaling without limits

Long-term vision

With more hires set to join the team including a senior data analyst, the Bangalore extension continues to prove its value to Mediolanum’s overall engineering setup and increase the level of service for other departments across the organisation. Additionally, plans are currently underway to migrate to the cloud and to help the existing engineers level up their seniority with bespoke training including in cutting-edge Snowflake technology.

Long term vision

Long-term value

The Bangalore team’s collaboration with Ireland is seamless, with ticket handling easily executed and communication smooth — and experienced hires continually improving internal processes with both Dublin and Bangalore teams learning from one another. Alongside improved data leverage and speed of requests, the new engineers have enabled Mediolanum to improve delivery within the analytics team and across the wider business. No longer limited by local shortages in skills or engineers with expertise in the required technologies, the analytics team is now capable of unlimited growth.

Long term value
RESULTS

Mediolanum gets an asset
built to last

Mediolanum’s stakeholders remain delighted with the long-term value The Scalers, and the team they’ve built, provide. The CTO now has an in-house team that enables data to be better leveraged — helping to make smarter investment decisions. With the collaboration exceeding expectations and the Bangalore team delivering above and beyond, the partnership continues to blossom and bear fruit with ambitious plans for the future.

Helping to make smarter investment decisions

Key achievements

Three-person analyst and engineering team built

Improved delivery across the business

Value-adding modernisation of processes

Ready to scale your tech team in Bangalore?

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