Breaking-Finance.Com - The Bank of England has handed a two-year cloud development contract to London-based Appvia. The UK central bank is currently undertaking a 'One Bank Services Transformation' project, which will entail the move to a roles-based structure, and the replacement of 25 central services systems with a single cloud-based system. This is expected to save £15 million a year in running costs from 2021-22.

.Appvia won the contract after beating off competition from 46 other bidders following a public procurement notice issued by the BofE in January.Oliver Tweedie, head of digital platforms at the Bank of England, says: “Appvia come with a great pedigree and a wealth of experience delivering Cloud services within government. Working in collaboration with Bank Technology teams, Appvia will help us shape and build the future of Cloud services across our organisation - a key part of our technology strategy.”

Source = Breaking-Finance.Com

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