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Standard Chartered: Signs multi-year cloud deal with Microsoft

August 12, 2020

Standard Chartered Bank and Microsoft have announced a three-year strategic partnership focused on cloud-based digital transformation
The companies will cooperate on open banking and real-time payments to “unlock new banking experiences for clients”
The banks’ core banking, trading systems, virtual banking, and banking as a service will be cloud-based by 2025
The bank’s trade finance systems will be the first to move, with others following over the next few years
Standard Chartered will also use Microsoft Azure AI and data analytics capabilities to enhance and automate banking processes
Cloud is a cornerstone of Standard Chartered’s strategy to meet the present and future banking needs of clients