Italy’s biggest bank, Intesa Sanpaolo, has completed the cloud migration of its core IT systems, joining a handful of European banks that have managed to move away from legacy technology.
Cloud Migration Challenges
Replacing existing core IT infrastructure with cloud technology poses a major challenge to traditional banks. Legacy systems, often comprising multiple software stacks accumulated over time due to mergers, put high-street banks at a disadvantage versus cloud-native, challenger banks.
Under a multi-billion-euro cloud transition project, Intesa launched cloud-based digital bank Isybank in 2023, partnering with British tech firm Thought Machine. By migrating millions of customers, it used Isybank as a testing ground for a full cloud shift.
The move places Intesa among a small number of European banks that have pursued large-scale cloud migration: Denmark’s Danske Bank, Britain’s Lloyds, HSBC, and, within the euro zone, Spain’s Santander and BBVA.
Intesa, Google Cloud and TIM said in a joint statement the shift had relied on the two Italian Google Cloud regions in Turin and Milan, hosted by TIM’s data centres. More than 800 applications were successfully migrated to Google Cloud infrastructure, and an equal number were decommissioned within the bank’s physical headquarters.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
