Bank of England looks to public cloud future

Written by Sam Trendall on 23 January 2020 in News
News

Institution seeks partner to assist with construction of new infrastructure

Credit: PA

The Bank of England is ready for a “step change” in the way it hosts services and data and is planning a move to a cloud environment.

The institution is seeking a commercial partner to fulfil a two-year project to “assist in design, construction and assurance of a modern, fit-for-purpose cloud environment”. The bank already uses some hosting and software-as-a-service offerings but is now “embarking a new journey” – with the public cloud the planned destination.

The organisation said that “advances in security and vendor offerings” mean that it is now to look at moving data and services into a cloud environment.


Related content


“The bank is seeking to improve and build upon existing capability in order to better understand best practice of identifying, configuring and delivering the optimal service that our business expects, and so this opportunity is to provision these initial services to set us up for ongoing success,” the Bank of England said. “It is anticipated that this new operating model and approach will further improve legacy items within the estate that could be considered candidates for cloud adoption.”

No formal work has been undertaken, so the chosen partner will be expected to work with representatives of the bank and its existing tech suppliers to shape the project from the ground up. Early research activities conducted by IT staff have identified a hybrid environment as the organisation’s likely preferred route.

“The bank technology team have considered existing services in the market and the characteristics of a successful delivery of a hybrid infrastructure – one that is public cloud, private cloud, and internally hosted,” the organisation said. 

The bank has not attached an estimated value to the project, but rather asked that bidders “propose a payment approach… [that is] based against deliverables and outcomes”.

Bids for the work are open until midnight on 5 February, with work scheduled to begin on 1 April.

 

About the author

Sam Trendall is editor of PublicTechnology

Share this page

Tags

Categories

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Related Articles

HMRC approved for £120m in contract extensions with Accenture and BT
27 May 2020

Newly published spend-control data shows that deals were awarded to extend service provision until 2022

MoD goes straight to Microsoft for first-of-its-kind £20m Azure deal
21 May 2020

Department says it was necessary to skip competitive process and award contract – which includes early access to Microsoft products – directly to vendor

Analysis: which departments are seeking digital outcomes?
27 April 2020

The Digital Marketplace, and the frameworks it supports, are designed to help Whitehall procure in an agile way. But PublicTechnology finds the frequency and type of usage varies...

Related Sponsored Articles

Citrix on Sustainability – What the future holds
26 May 2020

In our final series Citrix on Sustainability, watch as Northern Europe Area Vice President Michelle Senecal de Fonseca joins Fred Dahlman, Associate Professor of Strategy and Sustainability at the...

WATCH: Citrix on Sustainability – A better way to work
21 May 2020

Watch this short animation from Citrix to see if there’s a better way to work which is not only better for you, but also better for the planet.

WATCH: Citrix on sustainability and business
28 April 2020

Sustainability is increasingly influencing the decisions people make. Citrix discusses the questions this raises for business with three industry experts.