KeyBank moves more applications to Google Cloud
KeyCorp in Cleveland continues its transition to the public cloud.
The $186 billion wealth banking firm announced Thursday that it will run its primary platforms and applications on Google Cloud infrastructure. Deloitte, KeyBank’s systems integrator, will lead the migration, which begins this year and is expected to be complete by 2025.
key is already familiar with the products of Google. It was an early adopter of Anthos, Google’s hybrid and multicloud service, and Kubernetes, an open-source cloud software system originally developed by Google.
“Through our co-innovation with Google Cloud, we have developed and rapidly scaled state-of-the-art digital services for our customers, with security at the core,” he said amy bradyChief Information Officer at KeyCorp.
Several large banks have announced migrations or upgrades to the public cloud in recent years. TD Bank Group indicated that it would take a phased approach to moving its applications to Microsoft Azure in 2019. Capital One Finance runs on Amazon Web Services. In September, JPMorgan Chase announced a partnership with Thought Machine to move its retail bank’s core system to the cloud. in the same month, Wells Fargo said it is turning to two cloud service providers: Microsoft Azure and Google Cloud.
In a December interview about THE check archiver Viewpointe’s move to Azure, Futurum Research analyst Steven Dickens said that most of the large and mid-sized to large companies that have been in the banking sector for 10-15 years are faced with legacy applications that need to be modernized.
KeyBank will leverage Google Cloud’s advanced data and AI technologies to create a more personalized digital banking experience, bring products to market faster, and enhance its fraud prevention, machine learning capabilities and more. For example, there are plans to use the service’s virtual conversational AI agent to improve interactions with the contact center, e.g. B. by notifying agents of a customer’s pending charge before they connect.
“We have a long-standing relationship with KeyBank, and this expansion will evolve the way the bank serves its customers,” said Thomas Kurian, CEO of Google Cloud.