TD Moves to the Cloud with Office 365, Cuts IT Costs in Half

After testing the built-in security capabilities of Office 365, TD Bank Group (TD) has made a move to use Microsoft’s productivity suite to “to make the most of its vision to empower employees with mobility, attract new talent and keep up with customers’ expectations for digital services,” Ron Markezich, corporate vice president for Microsoft, announced today.

The Customer Lockbox for Office 365 has proven to be secure enough for a financial institution with more than 90,000 employees worldwide to start using it, as the Microsoft Cloud complies with the Canadian financial regulatory requirements, according to Markezich.

TD has adopted Microsoft’s Office 365 suite as it moves to “build the bank of the future,” says Jeff Henderson, executive vice-president and chief information officer at TD.

We are moving forward, driving innovation with purpose, simplifying the way we work and significantly improving our colleagues’ experience. Our move to Office 365 is also helping us substantially reduce IT costs in half. We’re fully committed to the cloud as we add on all the Office 365 functionality, including the Enterprise Mobility Security Suite and Customer Lockbox.

Microsoft announced Customer Lockbox for Office 365 in April 2015, highlighting the control the feature gives customers over access to their content in cloud services.