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Barclays To Save Billions With Own Cloud And Open Source

Jan 08, 2013, 15:00 (1 Talkback[s])

Barclays bank has managed to cut its IT expenses by 90 percent after moving infrastructure into a purpose-built cloud, claims The Sunday Times.

Another measure that helped the bank cut costs was the adoption of Linux OS.

According to the newspaper, COO for retail and business banking Shaygan Kheradpir is rolling out the new system, which shuns traditional vendors in favour of open source solutions, across various departments of the bank, and he expects to save Barclays billions.

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