Macquarie Bank is hoping to move to a ‘NoOps’ model for managing the public cloud environment that will eventually be home to all of its s

Macquarie Bank looks to break free of IaaS

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2021-09-27 06:30:07

Macquarie Bank is hoping to move to a ‘NoOps’ model for managing the public cloud environment that will eventually be home to all of its systems.

Chief technology officer for Macquarie’s banking and financial services (BFS) group Jason O’Connell revealed the strategic shift at a Google cloud summit last week.

Macquarie said back in February 2020 that it wanted to have all its IT infrastructure in the cloud in FY22, and O’Connell suggested that could now be completed within the 2022 calendar year.

“We’re at the point now where next year hopefully we’ll be 100 percent on public cloud, and that’s an amazing achievement for an established bank,” he said.

The bank is driving its existing "systems" into the cloud via one of two paths: either containerising them, or performing a lift-and-shift from Macquarie’s data centre.

“We have been migrating a lot of systems into cloud that couldn’t go into containers just as infrastructure-as-a-service (IaaS), so a lot of those would be lift-and-shift from our data centres into cloud,” O’Connell said.