Wells Fargo Announces New Digital Infrastructure Strategy and Strategic Partnerships With Microsoft, Google Cloud
September 15 2021 - 11:00AM
Business Wire
Wells Fargo & Company (NYSE: WFC) announced today its new
digital infrastructure strategy, combining a multi-cloud approach
with third-party data centers to drive technological speed,
agility, and scalability for its customers and employees. Central
to the digital infrastructure strategy is Wells Fargo’s selection
of two industry leaders as its public cloud providers: Microsoft
Azure as its primary public cloud provider and Google Cloud
providing additional business-critical public cloud services.
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A woman looks at her phone with Wells
Fargo sign in background (Photo: Wells Fargo)
“Launching our new digital infrastructure strategy is a critical
step in our multiyear journey to transform Wells Fargo, making it
easier for customers to do business with us and creating a better
working experience for our employees,” said Saul Van Beurden, Wells
Fargo’s head of Technology. “The Wells Fargo of tomorrow will be
digital-first and offer easier-to-use products and services, and
all of that starts with driving speed, scalability, and enhanced
user experience through the next generation digital infrastructure
strategy we’re announcing today.”
Wells Fargo will leverage the Microsoft Azure platform to
empower the creation of innovative solutions across all bank
functions and provide a trusted and secure foundation for strategic
business workloads. The two companies will partner to use critical
data and analytics services to accelerate Wells Fargo’s digital
transformation, including delivering enhanced customer experiences
and enabling increased employee collaboration. Google Cloud will
drive advanced workloads, and complex artificial intelligence and
data solutions, allowing the company to move faster on driving
personalized experiences for its customers and clients.
An integral part of the digital infrastructure strategy is a
secure and compliant cloud platform that will provide protections
to safeguard the data, privacy, and financial assets of Wells
Fargo’s customers, with a focus on data confidentiality.
“Wells Fargo and Microsoft have a longstanding relationship, and
we are excited to build on that foundation to accelerate Wells
Fargo’s digital transformation journey,” said Judson Althoff,
Microsoft’s Chief Commercial Officer. “Microsoft Azure is
empowering financial services institutions with its secure,
compliant, and scalable platform for industry cloud solutions
needs, including for advanced and complex workloads. By
standardizing on the Microsoft cloud and trusting Azure as its most
strategic and primary cloud platform across all lines of business,
Wells Fargo will be able to advance its key business and technology
transformation priorities across core areas like managing risk and
control, personalized banking, and the digital branch of the
future.”
“We’re proud to support Wells Fargo on its multi-cloud journey,
with artificial intelligence and data solutions that will not only
transform the business but also power the future of personalized
experiences for its customers and clients,” said Rob Enslin,
president, Google Cloud. “Google Cloud is committed to providing
financial institutions with cloud technology that empowers banks to
evolve, and to create digital experiences that customers
demand.”
As an additional element of the new digital infrastructure
strategy, Wells Fargo will transition to a set of third-party-owned
data centers, while the company’s longer-term aspirations are to
rely predominantly on public cloud. These facilities will
complement the public cloud offerings of Microsoft and Google Cloud
with both private cloud and traditional hosting services to create
a secure, resilient, and flexible technology foundation for the
company’s transformation.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is the leading middle market
banking provider in the U.S. We provide a diversified set of
banking, investment, and mortgage products and services, as well as
consumer and commercial finance, through our four reportable
operating segments: Consumer Banking and Lending, Commercial
Banking, Corporate and Investment Banking, and Wealth &
Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021
rankings of America’s largest corporations. In the communities we
serve, the company focuses its social impact on building a
sustainable, inclusive future for all by supporting housing
affordability, small business growth, financial health, and a
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
News Release Category: WF-IT
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version on businesswire.com: https://www.businesswire.com/news/home/20210915005388/en/
Wells Fargo Media Relations Beth Richek, 704-374-2545
beth.richek@wellsfargo.com
Wells Fargo Investor Relations John Campbell,
415-396-0523 john.m.campbell@wellsfargo.com
Microsoft Media Relations WE Communications for
Microsoft, 425-638-7777 rapidresponse@we-worldwide.com
Google Media Relations press@google.com
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