Business
Wells Fargo picks Microsoft, Google as cloud service providers
(Reuters) – Wells Fargo & Co said on Wednesday that it had picked Microsoft Corp and Alphabet Inc’s Google as its public cloud providers, embracing a multi-cloud approach.
While Microsoft’s Azure will serve as the bank’s primary cloud provider, Google Cloud will provide additional business-critical public cloud services.
As part of its new digital infrastructure strategy, the company will also move towards some third party-owned data centers, as it aims to rely predominantly on public cloud in the longer term, it said.
The move makes Wells Fargo the latest big bank to use third-party data centers for cloud-related services.
The company did not disclose the financial details of its agreement with Microsoft and Google.
Multi-cloud enables flexibility and also allows businesses to off-load some of the heavy costs of running their own data centers by renting public ones.
(Reporting by Chavi Mehta in Bengaluru; Editing by Anil D’Silva)
-
Top Stories3 days ago
After VW plant victory, UAW sets its sights on Mercedes in Alabama
-
Business3 days ago
Mike Bahun and Fundraising University Make a Lasting Impact on Sports Programs Nationwide
-
Investing3 days ago
Forex Market Trends to Watch Out For in 2024
-
Top Stories3 days ago
Hedge fund borrowing hits five-year peak, Goldman Sachs says