Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Barclays Cuts IT Costs by 90% With ‘Internal Cloud’, Times Says

Don't Miss Out —
Follow us on:

Jan. 6 (Bloomberg) -- Barclays Plc will reduce its IT spending by billions of pounds after developing its own cloud-based technology, the Sunday Times reported, without saying where it got the information.

The bank, which is also beginning to use Linux’s operating system, could reduce its IT costs by 90 percent, the London-based newspaper said without attribution.

Shaygan Kheradpir, the chief operating officer for retail and business banks, is introducing the new system across the bank’s other divisions, the paper reported without citation.

To contact the reporter on this story: Chris Spillane in London at cspillane3@bloomberg.net.

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.