In this episode of the podcast, Duncan McLeod speaks to Standard Bank Group chief information officer Alpheus Mangale about its big announcement on Wednesday that it has selected Amazon Web Services as its preferred cloud provider.
Standard Bank plans to shift various production workloads, including its customer-facing platforms, to the cloud, it said in a statement.
The banking group will also move “strategic core banking applications” to AWS systems. It will “leverage AWS services, including data analytics and machine learning, to automate financial operations and enhance customer-facing Web and mobile applications”.
Mangale explains the reason for the decision, how its multibillion-rand investment in SAP’s core banking software in South Africa in recent years has allowed it to do this now, and ultimately what it will mean for Standard Bank customers.
He talks about the regulatory implications, too, and what it will mean for the re-skilling of Standard Bank IT staff.
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