Deutsche Bourse is to accelerate the migration of its workloads to the cloud after closing a deal with Microsoft for its cloud services over Azure and office collaboration tools.
The German exchange group says the usage of public cloud services will support its adoption of key technologies such as distributed ledgers, in big data/analytics and in the usage of specialised services for machine learning.
It intends to deploy Red Hat OpenShift Container Platform on Microsoft Azure as part of a security-focused new hybrid cloud platform for building, hosting and managing banking applications.
In a first step, Deutsche Bourse says it will shift services such as the development and testing of business applications and parts of its SAP environment to Microsoft Azure. First material regulated workload, such as core services to disseminate data will follow subsequently.
“Cloud is a main driver for innovation and has the potential to reshape the financial services industry. As a key technology, cloud lays the foundation for enabling major initiatives that support Deutsche Bourrse Group’s Roadmap 2020,” says board member Christoph Böhm. “Together with Microsoft as a strong partner, we are very much looking forward to accelerating cloud adoption, for us as a company and for our clients”.