TD Bank, a North American bank providing banking, insurance, brokerage, and investment banking services, is harnessing the capabilities of the Microsoft Office 365 platform to enhance its security levels and better serve its customers.
In a highly-regulated industry such as financial services, Microsoft has worked hard to gain the necessary approvals from global financial regulatory bodies and allow customers such as TD Bank to meet compliance requirements.
When looking to adopt Office 365, TD Bank tested the platform’s built-in security and ensured it complied with all Canadian financial regulatory requirements.
The bank also acquired a Customer Lockbox for Office 365. This helps maintain control over data access during Microsoft service operations.
“As we build the bank of the future, we are providing the right tools and technology for our people, resulting in improved agility and security,” said Jeff Henderson, executive vice-president and chief information officer at TD Bank. “We are moving forward, driving innovation with purpose, simplifying the way we work and significantly improving our colleagues’ experience.”
Looking ahead, the bank will use Office 365 to support its global transformation initiatives. The platform will also be used to provide employees with greater levels of mobility, to meet the digital expectations of customers, and to help bring new talent to the organisation.
“Our move to Office 365 is also helping us substantially reduce IT costs in half,” said Henderson. “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.”