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.
