29 March 2017
visit nextgenbanking.co.uk

Metro Bank migrates to the cloud

13 December 2016  |  5707 views  |  1 Cloud plug close up

The UK's Metro Bank has completed a twelve-month project to move its core infrastructure to a private cloud managed by Rackspace.

The project entailed the migration of Metro Bank’s entire IT estate, including its core banking operations, digital offerings and even ATMs, to a bespoke managed cloud architected by Rackspace.

The day after the first migration, close of business processing on core banking systems were 50% quicker and vital reports that were taking an hour to produce could now be completed in just 20 minutes, says the bank.

The shift to the cloud comes as the six-year old bank looks to scale the business and meet its ambitions to open 100 new branches by 2020. In the digital environment, the bank plans to use the new architecture to support a move to Dev/Ops, rolling out new services quickly in a controlled environment as it automates more processes.

Aisling Kane, chief operating officer at Metro Bank says: “We’re growing exponentially so it’s essential that we partner with organisations that can scale alongside us, which Rackspace has clearly shown it can.”
KeywordsCLOUD

Comments: (1)

A Finextra member
A Finextra member | 14 December, 2016, 08:09

Would love to know the difference between the Cloud in this article for Metro compared with a datacentre they must have already been using? Co lo with Rackspace, does that really mean Cloud?

1 thumb up! 1 thumb up! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Amazon signs up tech firms to financial services cloud programme

Amazon signs up tech firms to financial services cloud programme

30 November 2016  |  7815 views  |  1 comments | 16 tweets | 17 linkedin
Metro Bank tests smartcard payments on the blockchain

Metro Bank tests smartcard payments on the blockchain

15 November 2016  |  11385 views  |  2 comments | 27 tweets | 37 linkedin
DBS looks to the cloud to become more 'fintech-like'

DBS looks to the cloud to become more 'fintech-like'

28 July 2016  |  6775 views  |  0 comments | 11 tweets | 12 linkedin
FCA offers cloud support

FCA offers cloud support

11 July 2016  |  10387 views  |  1 comments | 28 tweets | 31 linkedin
OakNorth moves core banking backbone to Amazon Web Services cloud

OakNorth moves core banking backbone to Amazon Web Services cloud

26 May 2016  |  6840 views  |  0 comments | 9 tweets | 9 linkedin
BBVA bets on the cloud for digital transformation

BBVA bets on the cloud for digital transformation

25 May 2016  |  7231 views  |  0 comments | 13 tweets | 16 linkedin
Branch-based challenger Metro Bank valued at £1.6bn on IPO

Branch-based challenger Metro Bank valued at £1.6bn on IPO

10 March 2016  |  7311 views  |  0 comments | 10 tweets | 9 linkedin
FCA offers cloud computing support

FCA offers cloud computing support

16 November 2015  |  9222 views  |  1 comments | 23 tweets | 26 linkedin
Metro Bank to offer consumer loans via Zopa

Metro Bank to offer consumer loans via Zopa

19 May 2015  |  10005 views  |  1 comments | 30 tweets | 23 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
Danish banks add Dankort payments to mobile walletsDanish banks add Dankort payments to mobil...
15036 views comments | 2 tweets | 7 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
13598 views comments | 53 tweets | 32 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
12403 views comments | 33 tweets | 45 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
8865 views 0 | 16 tweets | 4 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job