Broadcom (AVGO) and Standard Chartered have entered a long-term commitment to modernize the bank's global infrastructure using VMware Cloud Foundation, the companies said Wednesday.

Standard Chartered has transitioned its infrastructure delivery to a software-defined private cloud environment using VMware Cloud Foundation across operations in 54 markets.

The bank said about 70% of its global infrastructure footprint is already running on the new architecture, which supports core banking, payments and digital services.

Financial terms were not disclosed.