Wells Fargo has debuted a new digital infrastructure strategy, which will use a multicloud method with third-party data centers to drive speed, agility and scalability, according to a press release.
The bank will be using two industry leaders as cloud providers: Microsoft Azure and Google Cloud, the release stated.
Wells Fargo plans to use Azure to empower the creation of new solutions to work with any bank functions and provide a strong foundation for business workloads, according to the release. Meanwhile, Google Cloud will provide advanced workloads and complex artificial intelligence (AI) and data solutions, which will let the company access more speed.
“Launching our new digital infrastructure strategy is a critical step in our multiyear journey to transform Wells Fargo, making it easier for customers to do business with us and creating a better working experience for our employees,” said Wells Fargo Head of Technology Saul Van Beurden in the release. “The Wells Fargo of tomorrow will be digital-first and offer easier-to-use products and services, and all of that starts with driving speed, scalability and enhanced user experience through the next generation digital infrastructure strategy we’re announcing today.”
In addition, Wells Fargo plans to begin transitioning into new third-party data centers, which will work with the public cloud, according to the release.
“We’re proud to support Wells Fargo on its multi-cloud journey, with artificial intelligence and data solutions that will not only transform the business but also power the future of personalized experiences for its customers and clients,” said Google Cloud President Rob Enslin in the release. “Google Cloud is committed to providing financial institutions with cloud technology that empowers banks to evolve, and to create digital experiences that customers demand.”
In other Microsoft news, the company has purchased CloudKnox Security, which can “right-size permissions, enforce least-privilege principles to cut risk and allows for analytics to tighten security against breaches.”