CIBC chooses Microsoft Azure as primary cloud platform

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."

    Share Story:

Recent Stories


The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.