National Australia Bank (NAB) has selected Amazon Web Services (AWS) as its long term strategic cloud services provider to drive digital transformation.

As per the agreement, NAB will transfer more than 300 applications including specific core banking systems to AWS by the end of next year.

NAB executive general manager for business enabling technology Yuri Misnik said: “AWS’s extensive functionality is critical to NAB’s transformation, giving us far more flexibility, empowering us to move much faster, and allowing us to rapidly scale as we expand our use of cloud technologies.

“AWS understands our requirements for operating securely in the cloud, and worked with us to establish a training program that prepares our workforce with the necessary skills to enable our path to the cloud.”

NAB-AWS partnership details:

The partnership will enable the NAB to utilise AWS digital capabilities to offer better services to its customers. As a part of the programme, NAB has deployed Amazon GuardDuty, a fully managed intelligent threat detection service.

The solution will continuously monitor account activity to identify suspicious or unauthorised behaviour. Accordingly, it will help the bank to enhance security and safeguard customers’ data in the cloud.

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By GlobalData

NAB is also developing a data lake on AWS using Amazon Simple Storage Service (Amazon S3), Amazon Redshift and Amazon Athena. It will enable the bank to analyse and take subsequent action on customer preferences in minutes.

Furthermore, the Australian bank is also developing three new strategic platforms on AWS called NAB Services Cloud, NAB Data Hub and NAB Discovery Cloud.

It is expected to enable bank employees to locate and monetise data more effectively thereby improving efficiency.

NAB will also use Amazon Connect to improve its customer services.