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CBA vows 95 percent public cloud as it culls 25 percent of apps

February 12, 2020 / Julian Bajkowski

The Commonwealth Bank of Australia will embark on its biggest infrastructure and enterprise software renewal in around five years, stating it will now seek to move its current public cloud base of around 25 percent to a whopping 95 percent as the bank tightens the screws on operating costs.The move, revealed by chief executive Matt Comyn during the CBA’s interim results on Wednesday, aims to catapult the bank’s current public cloud base of just 25 percent to almost total public cloud as it seeks to retain digital dominance of the local financial sector.At the same time, Comyn indicated that the CBA will seek to cull around 875 applications from bank’s current portfolio of 3000 - around 25 percent - as Australia’s largest institution continues to integrate and consolidate disparate systems and offload non-core business under its ‘Simpler Bank’ model. The revelation of the new public cloud target comes just days after Comyn very publicly buddied-up to ...