Goldman mulls industry-specific financial cloud

The memo, written by co-chief information officer Marco Argenti - himself hired from AWS in September last year - evokes the emergence of a vertical cloud platform built specifically with the financial services industry in mind, as opposed than the generic cloud offerings presented by AWS, Microsoft Azure and Google Cloud.In the same way Amazon Web Services (AWS) was conceived, both as an internal product to streamline Amazon.com's operations and as an external product to offer the same benefits to any company facing similar issues, our core technology services can be externalised to other financial institutions,the memo states.
AWS has become a revenue-generating juggernaut for Amazon, which posted $10 billion in turnover from cloud computing in its last quarter alone.To match that level of success, Goldman will need to nurture the confidence of the developer community, says Argenti.
Developer adoption is a key driver of the adoption of our financial cloud, the same way developers determined the success of public clouds,he writes. "Developers influence purchasing decisions, and the ease of use of developer products determines the velocity at which applications are developed and can drive consumption.