Banking Global Financial Leader Deploys Solution for Compliance and Operational Advantages
Bank of America, one of the world’s leading financial institutions, provides its services through 6,100 retail banking offices and nearly 18,500 ATMs. For a large and complex organization like Bank of America, compliance with the numerous U.S. and international financial regulations is of vital importance. One of the most significant of those regulations is the Basel II Accord, which establishes rigorous requirements designed to ensure that banks hold capital reserves appropriate to the risk to which they are exposed. To comply with the operational risk aspects of Basel II, the bank created a portal solution based on Microsoft® Office SharePoint® Server 2007. Developed and deployed in just four months, the solution has been rapidly adopted by managers and staff, who are using it to comply with Basel II and to better measure and address operational risk throughout the enterprise.
Credit Union Optimizes Infrastructure to Gain Efficiency, Attain Carbon-Neutral Status
Vancity, Canada’s largest credit union, needed to increase efficiency. The credit union turned to technology to support its efforts and opted to standardize on Microsoft® technologies because of their usability and value. By upgrading its Microsoft license agreement to the Enterprise Client Access License Suite, Vancity obtained a business productivity infrastructure that provides collaboration and communication in a cost-effective manner. For instance, the credit union uses Microsoft Office SharePoint® Server 2007 to share electronic documents, reducing paper consumption and making it easy for employees to quickly find the information that they need to serve members. Thanks to its efforts, Vancity can not only better contribute to its environmental sustainability goals, but it also has been able to offer more IT services without incurring additional costs.
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