[South Africa] Microsoft to provide cloud services for Standard Bank Group’s i internal corporate functions.

Standard Bank Group has selected Microsoft to provide cloud services for its internal corporate functions. The new strategic partnership between the two companies will help transform the bank’s technology estate and internal corporate functions, enabling the largest bank in Africa to accelerate its digital transformation journey significantly improving its employee experience.

The partnership also forms part of Standard Bank’s multi-cloud approach and strengthens its long-term relationship with Microsoft.

“Standard Bank is embracing digital transformation and the opportunities it presents. They realise that investment in digital transformation is also about investing in your organisational culture, ensuring that employees can succeed in a fast-changing world,” says Jean-Philippe Courtois, EVP and President, Microsoft Global Sales, Marketing & Operations. “Together we aim to bring innovation into every aspect of the bank’s IT systems, transform every employee experience and in turn enable enriched interactions with the bank’s customers. Being part of Standard Bank’s digital journey is particularly exciting as we share the ambition of making a positive impact on the African continent.”

The new partnership agreement adds to the work the two businesses are doing together. Microsoft already provides infrastructure, software, and platform services to the bank as well as cloud services across its productivity suite. These services continue to support Standard Bank’s expansion into Africa as well as enabling a true modern workplace.

“By providing these services, Microsoft is supporting Standard Bank Group in our digital transformation, helping to better leverage data to empower employees, create operational efficiencies, optimise our processes and transform our services and products to serve our clients with consistent excellence,” says Sim Tshabalala, Group CEO of Standard Bank. “The relationship between the Group and Microsoft has helped us execute our digitisation strategy and embark on this digital journey.”

Last month, Microsoft announced the launch of its new enterprise-grade data centre regions in South Africa. Microsoft Cloud — comprising Azure, Office 365 and Dynamics 365 — offers scalable, available and resilient cloud services to help organisations, businesses and government meet their data residency, security and compliance needs. Microsoft is the first global provider to deliver cloud services from datacentres on the continent, and there are plans in place to migrate a proportion Standard Bank’s cloud services to these local data centres.

Microsoft also provides the bank with access to its cloud expertise across its array of teams and businesses allowing it to leverage the learnings from Microsoft’s own transformation journey and its strong culture of collaboration.

In its quest to support communities and businesses on the African continent, Standard Bank is also developing a comprehensive education and digital skills programme in Southern Africa to address to critical skills shortages and to upskill the next generation of African cloud experts.

www.microsoft.com

www.standardbank.com



[South Africa] Standard Bank Group selects AWS as its preferred cloud provider

Amazon Web Services, Inc, an Amazon.com company (NASDAQ: AMZN), announced that Standard Bank Group has selected AWS as its preferred cloud provider with the intention of migrating its production workloads, including its customer facing platforms and strategic core banking applications to the cloud.

Standard Bank Group will leverage AWS services, including data analytics and machine learning, to automate financial operations and enhance customer facing web and mobile applications. The migration to AWS will take place across all business units, subject to approvals from local regulators, including Personal Banking, Wealth, Corporate Investment Banking, and Insurance, driving a more personalized banking and investment experience for customers.

Standard Bank Group says it chose AWS because of its broad and deep portfolio of cloud services, overall commitment to security excellence, and strong financial services experience. The South African Reserve Bank also confirmed Standard Bank Group can make the move to AWS while still meeting all current compliance requirements. Standard Bank Group will take advantage of advanced analytics and machine learning services, including Amazon SageMaker, to advance fraud detection and launch new business initiatives, such as machine learning-based advisor capabilities that will help customers make more informed financial decisions. As part of the move, an AWS Cloud Center of Excellence will be established within the bank, featuring a dedicated team focused on facilitating the migration to the cloud and building AWS training and certification programs to up-skill all employees. AWS and Standard Bank Group will also collaborate on building an education and digital skills program, to be launched across Southern Africa, to train the next generation of African cloud experts.

“Our vision is to be Africa’s leading financial services organization and to achieve this we have chosen to work with the world’s leading cloud,” said Sim Tshabalala, Group CEO of Standard Bank. “For Standard Bank Group to remain a leader in African financial services, we recognize we need to adopt a cloud-first approach to our business. AWS Cloud technology will create a springboard for Standard Bank Group, helping us to rapidly roll out our digitization and data strategy to better cater to customers whose needs are constantly evolving. The combination of AWS’s rapid agility and high levels of security, combined with Standard Bank’s customer obsession and desire to constantly raise the bar, will allow us to build Africa’s financial services organization of the future and to be positioned as more than a bank.”

“The cloud is transforming the financial services industry as organizations look for new ways to enhance customer experiences, and power their entire enterprise operations more efficiently and effectively on the world’s leading cloud,” said Andy Jassy, CEO of AWS. “Standard Bank Group has been a trusted financial institution for more than 150 years. We look forward to working closely with them as they become Africa’s first bank in the cloud, leveraging AWS to innovate new services at a faster clip, maintain operational excellence, and provide secure banking services to customers around the world.”

www.standardbank.com