DBS Bank in cloud-based data centre push
Written by Chris Lemmon
Singapore’s DBS Bank has partnered with Equinix to transform one of its traditional data centres in Singapore into a cloud-optimised centre.
The new initiative will enable the bank to move its main data centre to significantly smaller premises, which are a quarter of the size of its existing data centre, making the new centre 75 per cent cheaper to run.
The bank has been working on migrating to cloud-optimised technology in recent years, resulting in spending efficiency, while increasing storage and computing capacity seven-fold since 2014.
With growing business volumes and digitalisation, compute workloads at the bank have doubled in the last three years and are expected to see continued significant growth. The Equinix collaboration will further fortify DBS’ cloud infrastructure and improve the bank’s ability to be even more agile and scalable. It will also contribute towards advancing the bank’s sustainability agenda by improving energy efficiency by at least 10 times.
DBS is an early adopter of cloud technology and has announced that it would shift half of its compute workload to the public cloud by 2018. Last year, the bank also launched cloud partnerships with Amazon Web Services and Pivotal Cloud Foundry, enabling it to innovate and operate at start-up speeds.
David Gledhill, DBS’ group chief information officer and head of technology and operations, said: “By being a leader in adopting cloud technologies, DBS can deliver more customer value through our ability to experiment and scale quickly. Our teams are able to iterate and deliver products to our customers at a much faster rate, while adhering to the highest standards of security and resiliency. With the new cloud data centre, we are able to significantly increase our energy efficiency as well as drastically reduce our carbon footprint.”