Plus   Neg

Amazon Web Services, HSBC Sign Long-Term Strategic Cloud Agreement

Amazon.com (AMZN) announced Wednesday that its cloud platform Amazon Web Services or AWS has reached a long-term agreement with British bank HSBC Holdings plc (HSBC,HSBA.L).

HSBC has selected AWS as a key, long-term strategic cloud provider to drive their digital transformation and deliver new and personalized banking services.

Under the multi-year, global deal, HSBC will make AWS technology available across the bank's lines of business. It will start with customer-facing applications and application modernization in its Global Wealth & Personal Banking business.

HSBC will use AWS' portfolio of cloud services, including compute, containers, storage, database, analytics, machine learning, and security, to develop new digital products. AWS technology will support security and compliance standards for millions of personal banking customers worldwide.

Dinesh Keswani, Chief Technology Officer and CIO for Digital, HSBC, said, "Our ambition is to make it easy, safe, and reliable for customers to bank with us, whenever and wherever they are. 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."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
Follow RTT