Standard Chartered Bank plc has entered into a five-year, strategic global agreement with Amazon Web Services that will see the bank running its strategic banking systems and customer facing applications on AWS.
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 that covers 60 markets.
Adopting a cloud-first approach, Standard Chartered will use the breadth and depth of 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.
Standard Chartered is using Amazon Elastic Kubernetes Service (Amazon EKS) to run significant applications and quickly introduce new services with the utmost security, reliability, and scalability.
For example, the bank launched its nexus banking-as-a service solution and Mox, its new virtual bank in Hong Kong, on AWS and continues to leverage AWS services to add new functionality to both.
“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,” said Michael Gorriz, Group CIO of Standard Chartered.
“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,” said Gorriz
Bhupendra Warathe, Chief Technology Officer at Standard Chartered, said a significant number of Standard Chartered’s flagship applications are already cloud-native, like the core banking system, eBBS, global payment system and SC Pay as well as new digital banking services like Mox and nexus.
“With this agreement, Standard Chartered is relying upon the most secure, reliable, and flexible cloud computing environment in the world,” said Frank Fallon, VP of financial services at AWS.