One of Canada’s largest financial institutions
is leveraging AWS to modernize its banking platforms and power its
digital transformation into a cloud-first organization
Today, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc.
company (NASDAQ: AMZN), announced that BMO Financial Group (BMO)
has selected AWS as its preferred, strategic cloud provider. BMO
will use AWS to modernize its banking platforms and build digital
financial services applications as part of the company’s ongoing
digital transformation. Using AWS’s extensive portfolio of cloud
capabilities, including analytics, machine learning, serverless,
compute, storage, and database, BMO will develop and scale digital
platforms and services for its global customers, meeting and
strengthening stringent security and compliance standards. In
addition, BMO will launch a comprehensive, hands-on cloud skills
training program for its non-technical and IT employees.
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With over 12 million customers and $950 billion in assets, BMO
is the eighth-largest bank in North America. The financial services
company chose AWS for its comprehensive set of cloud technologies
and proven reliability and operational experience, which will help
the bank streamline its internal business processes, extract
insights from decades of financial transaction data, and deliver
secure applications and services to customers. BMO is moving
strategic workloads to AWS that support its retail and commercial
banking, investment banking, and wealth management operations. The
bank is also migrating its online and mobile banking applications
to AWS to innovate faster and set up an operating model that will
enable broad and rapid cloud adoption; this includes creating a
consolidated data lake, adopting serverless architecture, and
deploying advanced capabilities like high-performance computing and
machine learning. As part of its move to personalize services, the
bank is using Amazon Connect (AWS’s easy-to-use, scalable cloud
contact center) to provide a seamless and more customer-centric
experience for its call center, as well as to support remote
working capabilities for employees.
“We continue to make bold moves at BMO to accelerate our digital
transformation. AWS’s proven experience in the financial services
industry is helping us advance our long-term strategy and deliver
on our mission to innovate relentlessly on behalf of our
customers,” said Steve Tennyson, Chief Technology and Operations
Officer, BMO Financial Group. “AWS gives us the reliable global
infrastructure we need to rapidly scale our business, as well as
the comprehensive set of cloud capabilities to move faster and
expand the use of analytics, machine learning, and high-performance
computing across our entire operation.”
“BMO is reimagining banking and financial services, and
embracing a cloud-first strategy that will help the company
continuously develop new services for its customers,” said Matt
Garman, Senior Vice President of Sales & Marketing at Amazon
Web Services, Inc. “By selecting AWS as its preferred cloud
provider, BMO can rely on AWS’s scale, performance, and
unparalleled portfolio of capabilities to drive innovation across
its entire business to continue to differentiate its offerings and
remain a leader in financial services.”
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud platform. AWS has been
continually expanding its services to support virtually any cloud
workload, and it now has more than 200 fully featured services for
compute, storage, databases, networking, analytics, machine
learning and artificial intelligence (AI), Internet of Things
(IoT), mobile, security, hybrid, virtual and augmented reality (VR
and AR), media, and application development, deployment, and
management from 80 Availability Zones (AZs) within 25 geographic
regions, with announced plans for 18 more Availability Zones and
six more AWS Regions in Australia, India, Indonesia, Spain, and
Switzerland, and the United Arab Emirates. Millions of
customers—including the fastest-growing startups, largest
enterprises, and leading government agencies—trust AWS to power
their infrastructure, become more agile, and lower costs. To learn
more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Amazon strives to
be Earth’s Most Customer-Centric Company, Earth’s Best Employer,
and Earth’s Safest Place to Work. Customer reviews, 1-Click
shopping, personalized recommendations, Prime, Fulfillment by
Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire
tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology,
Amazon Studios, and The Climate Pledge are some of the things
pioneered by Amazon. For more information, visit amazon.com/about
and follow @AmazonNews.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly
diversified financial services provider - the 8th largest bank, by
assets, in North America. With total assets of $950 billion as of
April 30, 2021, and a team of diverse and highly engaged employees,
BMO provides a broad range of personal and commercial banking,
wealth management and investment banking products and services to
more than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth
Management and BMO Capital Markets.
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version on businesswire.com: https://www.businesswire.com/news/home/20210609005920/en/
Amazon.com, Inc. Media Hotline Amazon-pr@amazon.com
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BMO Financial Group Natasha Boeck (416) 867-3996
natasha.boeck@bmo.com
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