Singapore – Standard Chartered has entered into a long-term strategic agreement with Broadcom to modernise its global infrastructure, with the bank deploying VMware Cloud Foundation (VCF) as the foundation of a secure private cloud platform supporting banking services across 54 markets.
The collaboration aims to enhance the bank’s operational resilience, security and infrastructure consistency while supporting evolving regulatory requirements. According to the companies, the software-defined private cloud environment enables Standard Chartered to standardise its infrastructure globally, with VMware Cloud Foundation providing zero-trust security features at the infrastructure layer and reducing deployment times from weeks to as little as one day.
Broadcom said around 70% of Standard Chartered’s global infrastructure footprint is already operating on the new architecture. The deployment is intended to provide a consistent private cloud environment while supporting the bank’s core banking, payments and digital services.
John Sharratt, Global Head of Technology and Infrastructure at Standard Chartered, said, “Standardising a fully virtualised software-defined infrastructure across our global operations enables Standard Chartered to meet the evolving demands of our clients while strengthening our technological core with the responsiveness, resilience and regulatory compliance that global banking demands. 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.”
Krish Prasad, Senior Vice President and General Manager of the VMware Cloud Foundation Division at Broadcom, said, “Global financial institutions require infrastructure that combines resilience, security and operational simplicity at scale. 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.”
The companies said the infrastructure modernisation is designed to provide Standard Chartered with a technology platform that supports future growth, regulatory compliance and continued innovation in banking services through a secure and resilient private cloud environment.
