Amazon Web Services and Standard Chartered Bank has announced a five year, strategic global agreement.
The collaboration will drive bank’s digital transformation and deliver new personalized banking services in the bank’s 60 markets worldwide. Using AWS’s reliable infrastructure and cloud services across its entire business will enable the bank to be more responsive to customer needs and create new applications. Standard Chartered will adopt AWS to improve resiliency, security, and privacy, while meeting compliance requirements across the bank’s global footprint.
Standard Chartered will use AWS services, including database, containers, compute, networking, storage, and security, to reinvent the digital banking experience, accelerating the design and deployment of new applications and digital services for its individual and corporate clients.
Dr. Michael Gorriz, Group Chief Information Officer of Standard Chartered, said:
“Our continued work with AWS demonstrates our commitment to putting innovation and security at the heart of Standard Chartered’s digital transformation strategy,”
“A cloud-first strategy allows us to be more agile and client-focused so our customers have better experiences and faster access to innovative new products. 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. We are pleased to collaborate with AWS as a long-term strategic cloud provider and take advantage of their broad portfolio of cloud services and proven expertise to bring secure cloud solutions to the financial services industry.”
Bhupendra Warathe, Chief Technology Officer, Cloud Transformation, Standard Chartered, said:
“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”
A significant number of Standard Chartered’s flagship applications, like our core banking system, eBBS, global payment system, SC Pay, as well as our new digital banking services, Mox and nexus, are already cloud-native. We look forward to our continued partnership with AWS to deliver new products and solutions to our clients across the 60 markets we serve.”
Frank Fallon, Vice President, Financial Services at Amazon Web Services, Inc, said:
“Standard Chartered Bank has been a trusted financial institution for the last 160 years and we are pleased that they have selected AWS as a strategic cloud provider to drive their digital transformation, while operating more efficiently and securely in the cloud,”
“With this agreement, Standard Chartered is relying upon the most secure, reliable, and flexible cloud computing environment in the world. AWS’s unparalleled experience in powering global financial institutions will enable Standard Chartered to transition to the cloud with confidence and innovate faster than ever before.”
