AFTAs 2019: Best IT Cloud Initiative—JP Morgan Chase

Cloud is one of the most competitive categories on offer in the American Financial Technology Awards. Last year, Bank of America won the award for its massive cloud migration program, while in 2017 it was Northern Trust that emerged on top with its focus on infrastructure-as-a-service, platform-as-a-service and Containers.
This year’s winner, JP Morgan Chase, maintains the high standards set by its predecessors in this category. The investment bank has taken a dynamic approach to accelerate migration onto the public cloud by holding “cloud parties” in a variety of cities, including Chicago, Mumbai and Glasgow.
Cloud parties is a concept the firm says has enabled more seamless cross-team collaboration by having the right people working together at the same time. Tasks that would have taken teams weeks or months to accomplish now only take a few days at a cloud party.
“Those events bring together hundreds of technologists across multiple areas under a common shared set of goals that are iteratively delivered over a few weeks,” says Fred Melo, head of cloud architecture and engineering at JP Morgan Wealth and Asset Management. “We drive very tight collaboration, accountability and measurable outcomes out of the cloud parties, and the results have been incredible. The excitement produced by each event is fundamentally driving cultural changes across the company.”
Participants at the events work across multiple areas under a common shared set of goals that are iteratively delivered over a few weeks. “While cloud parties have been extremely effective for us to accelerate how we develop and deliver software, the real impact happens when they become the new standard,” he says. “Incorporating the learnings from those events into how we work every day will be the key to scale the efficiencies and effectively boost our ability to deliver software better—in any platform. Effectively killing cloud parties should be our new goal, and something we’re really looking forward to doing.”
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
AFTAs 2022 winner's interview: CompatibL
CompatibL won the most innovative third-party technology vendor (AI & machine learning) category in the 2022 American Financial Technology Awards.
Witad Awards 2023 winner's interview: Lauren Carroll, GLMX
GLMX's Lauren Carroll won the legal/compliance professional category at this year’s Women in Technology and Data Awards.
Witad Awards 2023: Support professional of the year (end-user)—Sheryl Leong, Standard Chartered Bank