Wells Fargo Executive Vice President of Platforms Michael Parks is responsible for managing the infrastructure that processes approximately 80% of the US payroll on a weekly basis. This involves a large network of physical and virtual servers, databases, and a significant amount of data stored in them. The bank operates 70 data centers globally, with the majority of workloads being handled by eight data centers in the United States. In addition, Wells Fargo is in the process of constructing four new data centers in Texas and Northern Virginia with a focus on energy efficiency and water conservation.
This infrastructure upgrade is part of a 10-year digital transformation plan that began in 2021, which includes a comprehensive review of various IT components such as compute, storage, mainframe, database, compliance, and capacity. One of the key priorities of this transformation is the adoption of a private cloud model to enhance service delivery to developers. Parks emphasizes the importance of becoming the preferred cloud service provider for the bank’s developer community while acknowledging the value of leveraging external cloud services for certain functions. The bank has recently made significant investments in HPE GreenLake to address concerns about cloud data egress fees.
In summary, Wells Fargo is undergoing a significant IT platform overhaul as part of its digital transformation initiative. The bank is focusing on improving its infrastructure to better support its operations, with an emphasis on cloud adoption and energy-efficient data centers. The goal is to enhance service delivery to developers and ensure compliance with regulatory requirements while optimizing costs and resource utilization.
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https://www.thestack.technology/wells-fargo-platform-michael-parks-nutanix/