National Australia Bank (NAB) has extended its collaboration with Amazon Web Services (AWS), signing a new “multimillion dollar” long-term cloud deal.
The bank, which has now been working with AWS since 2013, says the move is part of its “ambitious multi-cloud approach” and will enable the firm to “accelerate the migration of key critical workloads to AWS”.
The deal will also see NAB deploy new AWS services such as AWS Graviton to help boost cloud performance. The bank is also currently in the process of rolling out AWS’s cloud contact centre offering Amazon Connect.
NAB group executive technology and enterprise operations, Patrick Wright, says: “The cloud is now ingrained at NAB. Our Simple Home Loans, internet banking, NAB Connect online business platform, and recently launched NAB Now Pay Later product are just some of our customer services being enabled by the cloud.”
The bank says it has now moved 70% of its applications to the cloud and recently became the first major Australian bank to migrate its online business banking platform.
It also claims that by utilising AWS’s tech, it has implemented a programme “to save over $1 million per month in cloud costs”. – FintechFutures