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BANKING TECHNOLOGY | Staff Reporter, Singapore

DBS launches cloud-based data centre

It will reduce costs to run the old data centre by 75%.

DBS Bank partnered with data centre provider Equinix to transform its traditional data centre into a cloud-optimised one.

According to a press release, this will allow the bank to move its main data centre to significantly smaller premises. The bank said this will make the new centre 75% cheaper to run.

DBS said it has been migrating to cloud-optimised technology in recent years, resulting in huge efficiency savings while increasing storage and computing capacity by 7x since 2014.

The bank said its compute workloads have doubled in the last three years and are still expected to grow.

It previously announced that it would shift 50% of its compute workload to the public cloud by 2018. It previously launched partnerships with Amazon Web Services and Pivotal Cloud Foundry for cloud-related services.

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