Last week, Microsoft announced that a new enterprise variant of the Azure Spring Cloud was available for a free preview. Hot on the heels of that announcement, today, the Redmond firm has unveiled a new partnership with U.S. Bank, making it the primary cloud provider for the bank's applications.
In a blog post, the United States' fifth-largest bank affirmed its hope in this collaboration helping digitize its working in today's world, with a focus on rapid access and analysis of data, alongside improved experiences for its workforce as well as customers. A key aspect of this partnership is noted to be the enrichment of security offerings, with financial assets and customer privacy being made more robust by leveraging Microsoft's assistance. The bank will also look to optimize its cost structure by consolidating its physical footprint.
Andy Cecere, Chairman, President, and CEO of U.S. Bank remarked on the importance of this partnership, noting:
"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."
More specifically, the bank's partners would be able to access real-time data to better meet their clients' needs, while customers will utilize new banking tools that would focus on making their experience more efficient and simple. Embedded payment capabilities are an important part of these improvements, with many capabilities in this regard targeted for a release this year and the following one.
As part of its "long-term relationship" with Microsoft, U.S. Bank has also adopted Microsoft 365 and Teams to leverage more value through a unified experience for its employees.