Standard Chartered signs five-year cloud deal with AWS
Standard Chartered has signed a five-year deal with Amazon Web Services (AWS) to run several of the bank’s critical operations.
The deal sees Standard Chartered running its strategic banking systems and customer facing applications on the AWS platform.
The bank says it is collaborating with AWS as part of a drive towards digital transformation.
It believes that by using AWS infrastructure it can improve resilience, security, and privacy. The bank is using the Amazon Elastic Kubernetes Service (Amazon EKS) to run “significant applications”.
Standard Chartered has already launched its nexus banking-as-a service (BaaS) solution and Mox, its new virtual bank in Hong Kong, on AWS.
The bank’s payments system, SC Pay, and core banking system eBBS, use Amazon Aurora, a cloud-native relational database.
Michael Gorriz, group chief information officer at Standard Chartered, says the signing shows the bank’s commitment to putting innovation first.
“A cloud-first strategy allows us to be more agile and client-focused.
“At the same time, we are improving our operational efficiency and resilience by using the best-in-class security, privacy, and compliance delivered through cloud infrastructure.”
Bhupendra Warathe, chief technology officer for cloud transformation at the bank, agrees.
He says: “A significant number of Standard Chartered’s flagship applications, like our core banking system, are already cloud-native.
“Adopting a cloud-first approach makes our vision for next generation financial services – like virtual banking, next-generation payments, open banking, and banking as a service – a reality.”