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Deutsche Börse signs cloud deal with Google

Deutsche Börse signs cloud deal with Google

Deutsche Börse has inked a deal with Google that will see the German exchange operator migrate "material workloads" to the public cloud.

Under the contract, Deutsche Börse will develop and operate complex enterprise workloads on Google Cloud. The firm stresses that it will do this while meeting security and compliance concerns, such as audit rights.

The move to Google Cloud is also designed to accelerate Deutsche Börse’s push into new technologies such as big data and analytics, machine learning and AI and DLT. Another benefit touted is agile implementation of new functionalities as well as reduced operational costs through automation.

The Google deal is part of a multi-vendor strategy for cloud usage at Deutsche Börse. The firm inked a deal with Microsoft earlier this year and is trying to tap into each provider’s strength while avoiding dependencies from single partner set-ups.

Christoph Böhm, executive board member, Deutsche Börse, says: "As part of this partnership, we will jointly define new solutions that further push ahead data security and privacy for the financial services industry. This will add to Google Cloud’s existing comprehensive security and transparency features, which are key for our industry and Deutsche Börse’s data-driven business model."

Comments: (1)

Yahya Mohamed Mao
Yahya Mohamed Mao - MiSANTO AG - Switzerland 28 September, 2019, 03:39Be the first to give this comment the thumbs up 0 likes

The move is impressive and it looks like a solution has been found to be Cloud Act compliant and GDPR compliant at the same time for Google Cloud. However, my question is who has really got access to the data of the Deutsche Börse? An interesting article here https://www.eff.org/de/deeplinks/2018/03/new-backdoor-around-fourth-amendment-cloud-act