AWS Makes Strategic Cloud Agreement with HSBC Holdings; Dinesh Keswani, Frank Fallon Quoted

3 mins read

HSBC Holdings has selected Amazon Web Services (AWS) as a long-term strategic cloud provider to drive digital transformation and deliver personalized banking services, AWS reported on Wednesday.

“Our work with AWS is an example of how HSBC continues to invest in secure and advanced technologies to make our digital banking experience even better for customers,” said Dinesh Keswani, CTO and CIO for Digital, HSBC. “ HSBC’s collaboration with AWS helps us to deliver innovative banking solutions to customers at a faster rate, starting with our Wealth & Personal Banking business.”

HSBC will integrate AWS technology across the bank’s lines of business, starting with customer-facing applications and application modernization in its Global Wealth and Personal Banking business. AWS will enable HSBC to drive innovation, automate key processes, and enhance operational efficiency across a range of personal financial services.

AWS’ global infrastructure will enable HSBC to run and scale applications around the world with greater availability and reliability. HSBC will draw upon AWS’s portfolio of cloud services, including compute, containers, storage, database, analytics, machine learning and security.

AWS’ cloud services will provide HSBC with digital products, support security and compliance standards for worldwide personal banking customers. HSBC plans to use AWS serverless and analytics services, such as Amazon Kinesis, to create a personalized and customer-centric banking experience.

“We look forward to our continued collaboration with HSBC as they leverage AWS’s proven capabilities, reliability, and security to drive efficiency across their business and become a more agile organization in the cloud,” said Frank Fallon, vice president of Financial Services at AWS.

About Amazon Web Services

For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform.

AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 76 Availability Zones (AZs) within 24 geographic regions, with announced plans for nine more Availability Zones and three more AWS Regions in Indonesia, Japan, and Spain.

Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs.

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