Standard Chartered teams with Broadcom to improve infrastructure
Broadcom Inc on Thursday said it has been selected by Standard Chartered PLC to deliver secure, always-on banking services.
The Palo Alto, California-based chipmaker said it has struck a long-term strategic commitment with the Asia-focused bank to accelerate its infrastructure modernisation.
Broadcom said it will establish a "secure, resilient private cloud foundation" to support critical banking services.
The firm said Standard Chartered has realigned its infrastructure delivery to a fully integrated software-defined private cloud environment using VMware cloud foundation.
"Standard Chartered is at the forefront of digital banking innovation, and we are proud to support their journey toward a highly automated, AI-driven, modern private cloud with VMware cloud foundation," said Broadcom Senior Vice President Krish Prasad.
John Sharratt, global head of technology & infrastructure at Standard Chartered, said: "Our client-centric, long-term investments with global service providers, such as Broadcom, strengthen our ability to deliver always-on banking services in an ever-changing and dynamic landscape, while accelerating innovation with a secure private cloud foundation."
The financial details of the contract were not disclosed.
Broadcom shares were 3.5% lower at USD380.67 on Thursday morning in New York. Standard Chartered shares fell 1.0% to 2,113.00 pence in London.
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