DBS plans to shift 50% of its compute workload to the public cloud by 2018

DBS plans to shift 50% of its compute workload to the public cloud by 2018

DBS Bank has teamed with American multinational firm Equinix to make one of its traditional data centres in Singapore “cloud-optimised”.

This will enable the bank to move its main data centre to smaller premises, which are a quarter of the size of its existing one – making it 75% cheaper to run, according to DBS.

David Gledhill, DBS group chief information officer and head of technology and operations, says thanks to cloud its teams are “able to iterate and deliver products to our customers at a much faster rate”.

The move will also contribute towards improving energy efficiency. DBS plans to shift 50% of its compute workload to the public cloud by 2018.

Last year, the bank launched cloud partnerships with Amazon Web Services (AWS) and Pivotal Cloud Foundry.

Also in 2016, it said it would  automate its business spend management with Coupa Software’s cloud-based platform.

The new platform will replace DBS’s current procurement systems and will be rolled out globally to more than 22,000 employees in more than 280 branches across 18 markets.

@banking
techno