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16 Sept 2021
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Wells Fargo & Co announced on Wednesday that it will be choosing Microsoft Corporation and Google Inc to become its public cloud service providers.
This multi-cloud approach will help the business provide additional services such as business-critical public cloud. Microsoft Azure will however still remain as the banks main cloud provider.
The new digital infrastructure strategy aims to progress the organization towards growth. Wells Fargo will acquire further third party owned data centers as it continues to predominantly rely on public cloud in the long run. More and more businesses are moving towards cloud-computing services as it is cost-effective in comparison to renting a public center or developing their own.
Wells Fargo is one of the latest banking corporations to adopt third party data centers for cloud services. Details of the agreement between Google, Microsoft and Wells have not been made public.