Standard Chartered Signs Five-Year Cloud Banking Deal with AWS

Standard Chartered Bank announced a global five-year strategic deal with Amazon Web Services to accelerate its cloud migration and enable personalised banking services. The partnership involves migrating core banking systems and customer-facing applications to the AWS cloud infrastructure. Key applications including the bank's core banking system (eBBS), payment system (SC Pay), and digital-native services such as Mox and nexus were highlighted as already being cloud-native.

The deal positions Standard Chartered to leverage AWS capabilities for data analytics and personalisation across its global operations. The partnership reflects a broader industry trend of traditional banks partnering with cloud hyperscalers to modernise their technology stacks and support embedded finance and BaaS capabilities. Financial terms of the five-year agreement were not publicly disclosed.

The migration is expected to enhance the bank's ability to deliver API-driven digital services and support fintech partnerships.