London, GB 13 °C

Wednesday, October 23, 2019

News > Fintech

National Australia Bank updates cloud strategy with Google Cloud addition

Theo Osborn | 14:23 Tuesday 17th September 2019

National Australia Bank (NAB) has added Google Cloud to its cloud technology strategy.

This comes as the bank aims to move 35% of its applications to the cloud by the end of 2020.

It is already working with Microsoft Azure and Amazon Web Services, and intends to draw on features from each provider to avoid concentration risks.

NAB has now moved more than 400 applications to the cloud since embarking on its strategy and has reduced its overall number of applications by 8%.

Patrick Wright, chief technology and operations officer at NAB, said: “Investment in data is a critical element of our digital transformation — to be able to use data to develop products and services, to improve customer experiences and be able to anticipate their needs.

“One of the benefits of a multi-cloud approach is the ability to move workloads across platforms and integrate different tools and capabilities. 

“We’re designing our most critical applications to be portable between cloud partners to avoid concentration risk, which is an important regulatory and risk consideration.”

leave a comment

Your email address will not be published.