Underlining a new digital infrastructure strategy, Wells Fargo & Company WFC has announced that it will adopt a public multi-cloud approach and use third-party data centers to improve technological speed, resilience, and scalability for its customers and employees.
To move its data to the public cloud and manage the process, the Wall Street biggie has picked Microsoft Azure as its primary public cloud provider and Google Cloud to provide additional business-critical public cloud services.
Specifically, Wells Fargo will use the Microsoft Azure platform to facilitate the conception of new innovative solutions across bank functions. The platform will also offer a reliable and safe understructure for strategic business workloads.
Wells Fargo will also partner with Microsoft Azure to use crucial data and analytics services that will advance its digital transformation, including improvement in customer experiences and increased employee collaboration.
The partnership with Google Cloud will drive advanced workloads, and complex artificial intelligence and data solutions, which will enable the bank to make headway in driving personalized experiences for its customers and clients.
Wells Fargo has been criticized for its outdated systems and technology failures in the past. The new digital infrastructure strategy will address these concerns with a secure and compliant cloud platform to safeguard the data, privacy, and financial assets of Wells Fargo’s customers. This will ensure data confidentiality and decrease the chances of breaches.
As an additional element of the new digital infrastructure strategy, Wells Fargo will transition to a set of third-party-owned data centers, while the company’s longer-term aspirations are to rely predominantly on the public cloud.
These facilities will support Microsoft and Google Cloud’s public cloud offerings with both private cloud and traditional hosting services. This will add flexibility and reduce the costs of operating its own data centers by renting public ones.