Intesa Sanpaolo Achieves Core IT Systems Migration to Google Cloud
On Thursday, Italy’s foremost bank, Intesa Sanpaolo, announced the successful completion of the transition of its core IT systems to the cloud.
This ambitious multi-year initiative was executed in collaboration with Google Cloud and the telecom provider TIM, with over 800 applications successfully migrated to the Google Cloud infrastructure while an equivalent number were decommissioned from its physical headquarters.
Notably, no significant incidents marred this transition, according to a statement released by the companies involved.
The migration relied heavily on two strategically positioned Google Cloud regions located in Turin and Milan, housed within TIM’s data centers.
This robust infrastructure was adept at managing extensive workloads while upholding “high security standards, speed, and minimal latency” between cloud environments and lingering legacy systems, as articulated in the joint statement.
Intesa Sanpaolo did not embark on this journey recklessly. In 2023, the bank inaugurated Isybank, a cloud-native digital banking platform developed in conjunction with the British technology firm Thought Machine.
By transitioning millions of customers to Isybank, Intesa employed this platform as a testing ground for the larger transition.
Massimo Proverbio, Chief Data, AI and Technology Officer at Intesa Sanpaolo, remarked that this undertaking enabled the bank to meet all its operational objectives for the 2022-2025 timeline and lay the groundwork for its forthcoming 2026-2029 business strategy.
“Our partnership with Google Cloud and TIM has fundamentally transformed our technology landscape, reduced operational costs, and established the foundations for Isytech, our cloud-native digital technology platform that serves both customers and colleagues across our network,” Proverbio stated.
Intesa Sanpaolo now joins a select cadre of European banks—such as Danske Bank from Denmark, Britain’s Lloyds and HSBC, and Spain’s Santander and BBVA—that are embarking on substantial cloud migrations.
Revamping mainframe-centric core banking systems, often a complicated amalgamation of software stacked through various mergers over decades, stands as one of the most formidable technological challenges a financial institution can tackle.
Legacy IT systems frequently hinder traditional financial entities in their competition against nimble cloud-native rivals.
Furthermore, European Central Bank supervisors have consistently identified these outdated systems as a significant source of operational and cyber vulnerabilities.
Elio Schiavo, Chief Enterprise & Solutions Officer at TIM, hailed the migration as “a milestone accomplishment” for TIM Enterprise.
He added that the project exhibited the company’s capability to “manage end-to-end initiatives and guide enterprises and public entities along innovation trajectories that blend technological openness with strategic independence.”
Intesa Sanpaolo now proclaims that its infrastructure is primed for artificial intelligence, characterized by enhanced speed and security.
Looking ahead, the bank aims to build upon this infrastructure through 2029, aligning with its newly outlined business aspirations for the 2026-2029 period.
Source link: Technobezz.com.
