Bank of America is one of the largest financial institutions in the whole world, and it has around 47 million consumer and small business relationships. Now, it moves to the Microsoft Cloud.
Benefits of moving to Microsoft Cloud
The company will offer Microsoft’s Office 365 cloud productivity to its 200,000 employees, and it will also use Microsoft Azure to move the business to the cloud as well. The firm will take advantage of the intelligent capabilities of the platform and its services.
On Microsoft’s page, the official press release says that the Bank of America turned to the Microsoft Cloud to help deliver new business efficiencies, better support customer needs, and digital culture change as well.
Bank of America is currently taking a real strategic approach to the cloud, and it is looking at the latest technologies as means to drive change and provide fresh business opportunities. The institution will gain access to the depth of Microsoft Cloud capabilities underscored by Microsoft’s investments in transparency, security, and regulatory compliance.
Bank of America is currently modernizing its tech infrastructure
The Chief technology officer at Bank of America, Howard Boville, stated that “We are aggressively modernizing our technology infrastructure to enable current and future growth across all our lines of business.” He continued saying that their agreement with Microsoft aligns to their target of delivering 80% of the technology workloads on virtual platforms within the next few years. The primary objective is to establish Bank of America as a digital leader in financial services, and it seems that this can be accomplished with Microsoft’s help.
Microsoft promotes cloud adoption
The company sees a string cloud adoption from the financial services industry. Over 80% of the largest banks in the world and over 75% of the global important financial institutions are currently using Azure.
You can check out the complete press release on Microsoft’s official page here.
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