Learn how BMO Harris Bank achieved $5 Million in annual savings using Application Retirement for InfoArchive.
BMO Harris N.A. is a large commercial bank with over $195 billion in assets. Headquartered in Chicago, Illinois, it has over 600 branches across nine states and is a subsidiary of the prestigious Bank of Montreal.
After acquiring M&I Bank in 2010, BMO Harris began a series of business and technology merger activities that resulted in finding numerous legacy applications that were outdated and redundant. Many of these were now running in read-only mode and being kept alive purely for access to their data. Following a three-month Data Retention and Decommissioning program, the bank saved $5 million and paid back the project in 12 months.
– Daryl Lueck, Vice President and Lead Technology Officer, BMO Harris Bank