Singapore’s DBS Bank has joined forces with US-based data centre provider Equinix to transform one of its traditional data centres in Singapore into a cloud-optimised facility.

The bank said that the transformation will allow it to move its main data centre to smaller premises, which is a quarter of the size of the current building, as well as will lead to 75% reduction in operational expenses.

The move to cloud infrastructure will also increase energy efficiency by at least 10 times, DBS noted. The bank plans to shift 50% of its compute workload to the public cloud by next year.

DBS group chief information officer and head of technology and operations David Gledhill said: “By being a leader in adopting cloud technologies, DBS can deliver more customer value through our ability to experiment and scale quickly. Our teams are able to iterate and deliver products to our customers at a much faster rate, while adhering to the highest standards of security and resiliency.

“With the new cloud data centre, we are able to significantly increase our energy efficiency as well as drastically reduce our carbon footprint.”

The latest collaboration with Equinix follows on from the bank’s cloud partnerships with Amazon Web Services (AWS) and Pivotal Cloud Foundry last year. The bank also made use of Office 365, the cloud-based productivity technology of Microsoft.

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