Bank of America partners with Microsoft to move banking operations to Azure cloud platform

Microsoft announced that a new enterprise variant of Azure Spring Cloud is available for free preview. Hot on the heels of that announcement, today the Redmond company announced a new partnership with Bank of America, making it the primary cloud provider for the bank's applications.

In a blog post, the fifth-largest U.S. bank affirmed its hope that the partnership will help digitize its work in today's world, focusing on quickly accessing and analyzing data while improving its employees and customers experience. A key aspect of this partnership is seen as enriching security offerings, making financial assets and customer privacy even more powerful by leveraging Microsoft's help. The bank will also look to optimize its cost structure by consolidating its physical footprint.

America Bank Chairman, President and CEO Andy Cecere spoke of the importance of this partnership, stating:

“Our customers expect and demand extreme A bank with great flexibility and ease of operation and the ability to quickly adapt to its changing needs. Building on our initial investment in the cloud and the success of our technology and digital modernization, we have gained the ability and confidence to accelerate how we serve our customers better efforts. Our cloud-first approach with Microsoft Azure will help us achieve this goal.”

More specifically, the bank’s partners will be able to access real-time data to better serve their customers’ needs demand, and customers will take advantage of new banking tools focused on making their experience more efficient and simpler. Embedded payments functionality is a big part of these improvements, with many features in this area set to be released this year and the next.

As part of its “long-term relationship” with Microsoft, Bank of America has also adopted Microsoft 365 and Teams to leverage more value by providing a unified experience for its employees.

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