SocGen to move datacenter footprint in Americas to AWS, Azure

SG Americas plans to significantly reduce and even close datacenters in the US as a result of moving to the cloud and defining controls around cloud and data governance.

In the capital markets, the shift of compute power and data storage from on-premise equipment or third-party datacenters to the cloud continues full steam ahead. However, establishing good data governance in cloud environments is emerging as a challenge to making the most of cloud’s performance-enhancing and cost-reducing potential.

Examples of recent cloud migrations among large banks and asset managers include: Fidelity’s asset management arm, which has migrated 98.8% of its applications

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

The IMD Wrap: Will banks spend more on AI than on market data?

As spend on generative AI tools exceeds previous expectations, Max showcases one new tool harnessing AI to help risk and portfolio managers better understand data about their investments—while leaving them always in control of any resulting decisions.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here