BMO Harris Bank
BMO Harris Bank streamlines system landscape with OpenText
Large commercial bank saves more than $10 million through data archiving and application decommissioning with OpenText InfoArchive
Challenge
- Obliged to long-term data retention requirements within a highly regulated industry
- Grappled with outdated, redundant systems as result of merger activities
- Faced rising costs of growing number of legacy applications
Product(s)
Value
- Archived 4.3 terabytes of data, enabling a holistic view of legacy and current data
- Saved $5 million per year
- Achieved 3-month project execution and 12-month project payback
- Demonstrated strict regulation compliance with audit trails, enforced retention policies
About BMO Harris Bank
BMO Harris Bank N.A. is a large commercial bank with more than $195 billion USD in assets. Headquartered in Chicago, it has more than 600 branches across nine states and is a subsidiary of the prestigious Bank of Montreal.