TD Bank moves to Microsoft Azure cloud
TD Bank Group (TD) will use Microsoft Azure as the cloud foundation to provide its technology and design teams with tools designed for efficient access to data and artificial intelligence (AI) resources.
The bank hopes this will enable it to adapt and quickly respond to changing customer needs.
TD has deployed Office 365 to deliver improved mobile solutions and engagement for more than 85,000 employees.
“Every financial services company today has an incredible opportunity to apply advances in cloud and AI to redefine every aspect of their business,” says Satya Nadella, CEO of Microsoft.
He adds: “This will enable TD to deliver on its vision to build the bank of the future with Azure, our trusted cloud, to quickly adapt and respond to changing customer needs, and builds on our existing relationship that is focused on empowering TD employees to be more productive and collaborative with Office 365.”
TD Securities, the wholesale division of TD Bank Group, is leveraging the Microsoft cloud to help transform their derivatives pricing and risk management experience.
By moving the solution to Microsoft Azure, the business now has faster access to high-performance analytics, which allows the bank to respond rapidly to client pricing requests.
