Sberbank sign deal to develop joint cloud platform

Wednesday 4 April 2018 13:04 CET | News

Russian banking and financial services company Sberbank has signed an agreement with a system integrator I-Teco to develop a joint cloud platform SberCloud.

Sberbank owns 60% stake in the joint venture. With the development of this cloud platform, the company intends to provide cloud solutions to its partners and external customers.

In 2016, the volume of the global cloud technologies market was nearly USD 112 billion, according to Forrester Research Russia. The market is expected to expand by 10-15 times in the next 5-7 years.

A cloud solutions marketplace will be developed that will serve the bank’s corporate clients including SMEs and large corporations.

Besides offering own products, Sberbank will also deliver other global solutions through SberCloud to reduce costs associated with IT-equipment. It will also help the businesses to procure a customised solution.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Sberbank, SberCloud, cloud platform, I-Teco, partnership
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce