Luxoft successfully completed the seamless migration of EarlyResolution™ to AWS powered by Intel

Zug, Switzerland, July 23, 2024 — Luxoft, a DXC Technology Company (NYSE: DXC), is an AWS Premier Consulting Partner and has completed the migration of its default management product — EarlyResolution™ — from DXC data centers to Amazon Web Services, Inc. (AWS) and Intel. This migration represents Luxoft’s commitment to cloud strategy and extending the scalability, security, reliability and performance of EarlyResolution.  

EarlyResolution is the industry-leading default management solution with a 15-year proven track record of solving key lending challenges for customers. Deployed at leading banks and financial services firms, EarlyResolution supports a wide range of mortgage, auto and personal loans products, where it streamlines the loan-default process by automating core collections scripting, direct borrower engagement and downstream system processing. Provided as a software-as-a-service (SaaS) offering, it supports loan servicers in maintaining regulatory compliance, reducing credit risk and assisting borrowers during times of hardship.  

The migration to AWS allows banks across all tiers to get the benefits of EarlyResolution, not only Tier 1 institutions. This means that the customers of even smaller lenders will benefit from the award-winning capabilities of EarlyResolution. We are excited to bring this opportunity to the entire lending sector, fostering greater efficiency and resilience and a better experience for their customers. 

By running on AWS and Intel, Luxoft is now able to meet the demands of top-tier banks that need to scale their operations serviced by EarlyResolution. This migration to AWS enhances EarlyResolution reliability and security — crucial for uninterrupted operations in the banking sector — readies the offering for global reach and expansion — and lays the foundation for innovation and sustainability.   

EarlyResolution, through this migration to AWS, now leverages the security of the most architected, flexible and secure cloud computing environment available today. This migration also opens the possibilities of integrating generative AI into EarlyResolution, with enhanced automation, efficiency and adaptability — ensuring that EarlyResolution remains at the forefront of technological advancements. 

EarlyResolution has launched on industry-leading AWS EC2 instances powered by Intel Xeon Scalable processors. With Intel performance tuning expertise, EarlyResolution customers have seen performance improvements, with further enhancements planned using the latest AWS EC2 custom instances using Xeon Scalable processors and Intel® Accelerator Engines. Through our collaboration with Intel, customer value is enhanced with increased performance and sustainability advantages. 

This migration to AWS underscores Luxoft’s commitment to environmental, social and governance (ESG) principles within the financial services sector, with environmentally conscious innovation driving streamlined infrastructure, reduced reliance on physical servers, optimized resources and improved energy consumption. 

Leveraging AWS’s extensive global infrastructure, EarlyResolution enables customers of all sizes and geographical locations to seamlessly access EarlyResolution with minimal latency. This reflects Luxoft’s commitment to providing universal access and reliable performance to customers, regardless of location.  

Antony Coppellotti, Luxoft, expressed enthusiasm about the successful migration, stating, “This strategic move to AWS and Intel reinforces our commitment to innovation and client satisfaction. By harnessing the power of AWS and Intel, we are well-positioned to deliver an unparalleled default management automation solution to our clients worldwide. Following the migration, our clients have experienced faster performance and enhanced processing, delivering an improved user experience. These advancements mean a more reliable, efficient and seamless experience.” 

“With AWS, banks are leveraging the latest technologies to innovate more quickly, transform customer experiences, create hyper-personalized offerings and run their core operations with greater security, resiliency and agility,” said Charith Mendis, Head of Worldwide Banking Market Development at AWS. “We are excited to collaborate with Luxoft and support the EarlyResolution™ migration. By running on AWS, Luxoft will transform the loan-default experience and processes for customers in an environment where security and resiliency are the highest priority.” 

Clients and partners are encouraged to explore the enhanced features and benefits of EarlyResolution on our website.