Digital Transformation: Microsoft Azure Cloud Platform to be Used by Canadian Imperial Bank of Commerce
The
Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use
Microsoft Azure as its main Cloud platform.
The partners noted in the announcement that Microsoft Azure should help CIBC with enabling quicker, real-time, data-driven decision-making, in order to seamlessly deploy and scale new tech innovations.
Azure will reportedly support the migration of many different applications to the Cloud, and provide scalable computing power for CIBC’s enterprise-grade data lake and AI-enhanced platform. The bank said it will also be getting access to various