Societe Generale turns to cloud computing

Paris

SOCIETE Generale SA is embracing the cloud. The Paris-based bank is working with Microsoft Corp and Amazon.com Inc to become one of the first large European banks to adopt cloud computing for the bulk of its operations.

Societe Generale will start using external cloud services by June for some non-client content such as financial research and marketing data, said Carlos Goncalves, the head of global technology services. By 2020, the bank intends to have 80 per cent of its infrastructure on internal and external cloud networks.