>Bank of America has bucked the Wall Street trend by building its own private cloud software rather than outsourcing to companies like Amazon, Microsoft, and Google.The investment, including a $350 million charge in 2017, hasn't been cheap, but it has had a striking payoff, CEO Brian Moynihan said during the company's third-quarter earnings call. He said the decision helped reduce the firm's servers to 70,000 from 200,000 and its data centers to 23 from 60, and it has resulted in $2 billion in annual infrastructure savings.Visit Business Insider's homepage for more stories.Wall Street CEOs relish proving their critics wrong — and Bank of America's Brian Moynihan is no exception.Discussing the bank's third-quarter earnings results on Wednesday, Moynihan didn't hesitate to point out that many of the analysts on the call had doubted the company's capacity to shave billions off of its annual expenses.He said: \"2.5 years ago, we said we'd operate this year on $53 billion and change in expenses, and we hit that number — and a lot of you had us in at $57 billion.\"How did Bank of America do it? The company has made massive bets on technology that have had a striking payoff, including billions in annual savings, Moynihan went on to explain. The bank, which has a $10 billion annual tech budget, has made an array of tech investments across its wide-ranging divisions — chatbots, automated mortgages, improvements to its mobile app — but Moynihan specifically highlighted the firm's decision to buck the Wall Street trend and build out its own internal cloud architecture rather than shelling out millions to public-cloud companies like Amazon, Microsoft, and Google.This effort, which initially began in 2013, didn't come cheap. Moynihan reminded analysts the bank took a $350 million charge in 2017 in part to execute the changeover to its private cloud.But the results have been dramatic. The company once had 200,000 servers and roughly 60 data centers. Now, it's pared that down to 70,000 servers, of which 8,000 are handling the bulk of the load. And they've more than halved their data centers down to 23.\"We reduced expenses by basically around 40%, or $2 billion a year, on our backbone,\" Moynihan said, adding that they've simultaneously seen their transaction load balloon.Read more: Bank of America wants to dominate middle-market investment banking. Here are the new teams, hires, and cities it's adding to make that happen.The new, more operationally lithe Bank of America is up 86% in mobile logins and 39% in wire transactions, while digital payments have climbed 29% to $424 billion compared with the third quarter of 2017. And the list goes on. Howard Boville, Bank of America's chief technology officer, told Business Insider this summer that the bank would save $2.1 billion in infrastructure costs in 2019, a large part of which comes from moving a majority of its workloads from traditional on-premise servers to its private cloud.

https://youtrack.jetbrains.com/issue/IDEA-172611 - "всё украдено до нас" :(

Проголосуй, это помогает

Можешь в комментах изложить своё видение, если оно отличается в деталях

А много ли банков станут в Амазоне или у мс хоститься?

CapitalOne хоститься

DB вроде тоже

У них наверное такие масштабы что свои ДЦ слишком долго ещё строить, чтобы все нужды покрыть

Надо идти! Я даже записался

Да вы издеваетесь!

Я ж только 30 прилечу

ну а чо?

я прилечу 28го

Запись будет?

хз

в прошлом году делали

Очень бы хотелось

Всем привет из Ля Коруньи

на телефон записать и будет норм 🙂