HSBC has partnered with Amazon Web Services (AWS), a cloud computing platform of Amazon, to launch new products, bolster customer experiences, and power digital transformation.

HSBC will deploy AWS technology across all lines of business beginning with “customer-facing applications” and “application modernisation” in its global wealth & personal banking business.

The AWS migration will also help the bank automate key processes and accelerate operational efficiency across its personal finance suite.

Under this multi-year strategic partnership, AWS will be the cloud provider for HSBC as the company launches new and personalised banking services.

AWS VP of financial services Frank Fallon said: “HSBC is continuing to expand its use of AWS to power its digital transformation and deliver innovative financial services that help customers manage, protect, and grow their wealth in new and more personalised ways.

“We look forward to our continued collaboration with HSBC as they leverage AWS’s proven capabilities, reliability, and security to drive efficiency across their business and become a more agile organisation in the cloud.”

HSBC will empower its personal banking customers around the world with new digital products, as well as support security and compliance standards by migrating to AWS.

It will do so by leveraging a host of AWS cloud services, including compute, containers, storage, database, analytics, machine learning, and security.

The London-based bank is also planning to use AWS serverless and analytics services, including Amazon Kinesis, to offer more personalised banking experience.

HSBC CTO and CIO for digital Dinesh Keswani said: “HSBC’s collaboration with AWS helps us to deliver innovative banking solutions to customers at a faster rate, starting with our wealth & personal banking business.

“Our ambition is to make it easy, safe, and reliable for customers to bank with us, whenever and wherever they are.”