Barclays reported to V3 a reduction of its IT spending for the development of new software and applications by 90 percent. The reason for this high amount of savings is moving to an internal private cloud solution based on open source Linux software.
A spokeperson for Barclays told V3 about the advantages of incorporating alternative IT systems to improve efficiencies and save costs across its business:
"It means we can write new applications once and then develop them using an open source model, rather than re-writing them again for legacy systems."
Main tasks have been driven by Shaygan Kheradpir, Chief Operating Officer of Barclays Retail, who has also pushed the development of key toos, such as Pingit, a mobile payment service, as well as Banking application. He asserted:
"Because information is hosted on our secure internal cloud information that provides access to our legacy systems, whether you are a mortgage or credit customer for example, it can still be accessed. This was not possible beforehand".
The move appear to be successful, as application has been downloaded 1.3 million times each across UK.
References:
http://www.v3.co.uk/v3-uk/news/2234593/barclays-slashes-software-spend-by-90-percent-with-open-source-drive
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