Sopra Steria has announced its success at the UK Cloud Awards, scooping Best Digital Transformation Project for Public Sector/Third Sector Project of the Year.

The award was in recognition of Sopra Steria’s partnership with the UK’s financial regulator, the Financial Conduct Authority (FCA), to help it respond to new European MiFID II guidelines. 

In order to comply, the FCA needed to update its current systems and install a new market data-processing platform capable of enormous data analysis. Sopra Steria worked with the FCA to help it embrace digital transformation by proposing a cloud-based project that would suit its requirements.

Supported by a team of 200-strong developers in the UK and offshore, and utilising state-of- the-art technology within an Amazon Web Services environment, Sopra Steria shaped, developed and deployed its platform, which processed six billion transactions by the end of its first year.

David Strong, Digital Director of Cloud Transformation, said: “We are extremely proud to have been recognised by the UK Cloud Awards for our work with the FCA.”

Other shortlisted companies in the category included Cloud Fundamental, Ensono, Amido, and UKCloud Ltd. 
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