U.S. Bank is the fifth largest bank in the United States, and it manages $573 billion in assets. Today, U.S. Bank announced that it has selected Microsoft Azure as its primary cloud provider. Microsoft Azure will be used for most of its infrastructure and application portfolio. U.S. Bank also mentioned that it will continue to use multiple public cloud providers for redundancy and some specific use cases. U.S. Bank will take advantage of Azure to deliver personalized and more useful banking services to its customers.
What they are saying:
“It has been a dramatic time of change in the banking industry, where success is increasingly driven by technology capabilities. Our clients expect and require extreme flexibility and a bank that is simple to navigate and capable of quickly adjusting to their evolving needs. Building on our initial investments in cloud and with the success of our technology and digital modernization, we gained the competence and confidence to accelerate our efforts to better serve our customers. Our cloud-first approach with Microsoft Azure will help us accomplish just that,” said Andy Cecere, Chairman, President, and CEO of U.S. Bank.
“More than ever, every financial services organization will need to build its own digital capability to meet both evolving customer demands and changing employee expectations. As U.S. Bank’s primary cloud provider, we will apply the power of Azure to help the company adapt and build new, secure experiences for customers and employees in the era ahead,” said Satya Nadella, Chairman and CEO of Microsoft.
Key partnership details:
- Azure will power most of U.S. Bank’s core apps going forward.
- U.S. Bank and Microsoft will partner to create new innovations and value for businesses.
- U.S. Bank payment capabilities might be embedded across Microsoft platforms including Dynamics 365 that businesses use regularly.
- Some of these capabilities are already functional and many more will go live in 2022 and 2023.
- U.S. Bank will use Microsoft 365 and Microsoft Teams for productivity and collaboration among its 70,000 employees.