Bank of America: Bank of America Cloud

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12 April 2019
Stephen Greer

Winner of Celent Model Bank 2019 Award for Cloud Adoption

Abstract

Celent recognizes Bank of America (USA) as the winner of the Model Bank 2019 Cloud Adoption Award for their initiative Bank of America Cloud.

Bank of America built its own internal cloud platform, Bank of America Cloud, from the ground up, dramatically transforming the organization’s tech infrastructure. The bank has centralized many internal IT functionals, creating a platform which is cost-effective, efficient, scalable, and secure. The Bank of America Cloud reduced IT spending by more than $535 million in 2018 and runs workloads at 40% less than similar cloud offerings, based on benchmarks.

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Insight details

Industry or Business Focus
Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America