Bank of America announced today that it will tap into Microsoft’s cloud services, Office 365 and Azure, “as part of its digital transformation”.

The financial institution believes it will bring Office 365 to its 200,000 employees and tap Azure for its “cloud needs”.

According to the multinational technology company, “more than 80% of the world’s largest banks and more than 75% of the global systemically important financial institutions use Azure.”

Bank of America’s CTO, Howard Boville, said in a recent news release: “We are aggressively modernising out technology infrastructure to enable current and future growth across all our lines of business.

“Our agreement with Microsoft aligns to our target of delivering 80% of our technology workloads on virtual platforms within the next several years, further establishing Bank of America as a digital leader in financial services.”

Written by Leah Alger