The Canadian Imperial Bank of Commerce (CIBC) has awarded Microsoft Azure with a multi-year deal.
The platform will be the bank’s primary cloud application.
CIBC said that Microsoft Azure will help it make faster, real-time, and data-driven decisions.
In addition to its Software as a Service (SaaS) and private cloud strategies, the bank said its investment in public cloud technology will also reinforce and expand its critical foundations in data protection and security.
"We're building and investing in leading-edge technology to accelerate our bank's transformation – our investment in cloud technology is a cornerstone of these efforts," said Christina Kramer, senior executive vice-president and group head, technology, infrastructure and innovation, CIBC. "With Microsoft's Azure platform, we will be better positioned to help clients achieve their ambitions, through client-facing services such as digital banking and global remittances, as well as furthering innovative work in areas such as AI and machine learning."
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