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Technology

StanChart partners with Amazon to become Africa's first bank in the cloud

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The lender plans to migrate its production workloads, customer-facing platforms, and strategic core banking applications to the cloud, following approval from the South African Reserve Bank (SARB).

Sunday 31, March 2019 BY KUDAKWASHE MUZORIWA

Standard Chartered Bank’s South African unit has partnered with Amazon as the bank plans to shift its operations to Amazon Web Services (AWS), reported, Forbes News.

Sim Tshabalala, Standard Chartered Bank’s Group CEO, said that AWS Cloud technology will create a springboard for Standard Bank Group, helping the bank to rapidly roll out its digitisation and data strategy to better cater to customers whose needs are constantly evolving.

The move will allow the bank to build Africa’s financial services organisation of the future and to be positioned as more than a bank using AWS’s agility as well as security combined with Standard Bank’s customer obsession, added Tshabalala.

Earlier in March Microsoft launched two data centres – in Cape Town and Johannesburg – while Huawei also started offering cloud services through a partner in February.

Microsoft's Azure customers include Nedbank, the Peace Parks Foundation and the eThekwini water utility.

TAGS : AWS, Standard Chartered Bank, Microsoft Azure , Huawei, Cloud technology

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