Are EU banks buying cloud from Lidl’s middle aisle?
As European banks seek to diversify from US cloud hyperscalers, a supermarket group is becoming an unlikely new supplier
Could a European cloud provider soon be cleaning up on aisle three? EU banks that fear overdependence on US behemoths amid trade war concerns are shopping for their cloud services among European providers – and some are finding a German supermarket subsidiary fits the bill.
Schwarz Digits – a unit of Lidl’s parent company Schwarz Group – began by building cloud infrastructure for its own
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