REDWOOD SHORES, Calif., June 26, 2017 /PRNewswire/
-- Oracle (NYSE: ORCL) announced today that Bank of America
(NYSE: BAC) has selected Oracle's cloud-based ERP and financial
applications for both its international general ledger and its
broker-dealer systems. Oracle is the world leader in Cloud ERP
systems. The company now has more than five thousand Fusion
Financial cloud applications customers installed
worldwide.
"Bank of America is among the most sophisticated
applications customers in the world," said Mark Hurd, CEO, Oracle. "Companies in record
numbers are migrating legacy ERP applications to Oracle ERP
Cloud. Oracle will deliver Bank of America the most modern,
complete, global ERP applications in the world."
"Our continued focus on technology modernization has
positioned Bank of America as a contemporary technology company,"
said Cathy Bessant, Chief Operations
and Technology Officer. "Our agreement with Oracle is about our
technology and culture; we'll learn with and from each other to
deliver the best solutions. We anticipate 80 percent of our
technology workloads will be delivered on the cloud within the next
few years, and this solution for general ledger reflects our
evolving strategy and the improvements in cloud security and
economics."
About Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United
States, serving approximately 47 million consumer and small
business relationships with approximately 4,600 retail financial
centers, approximately 15,900 ATMs, and award-winning digital
banking with approximately 35 million active users and more than 22
million mobile users. Bank of America is a global leader in wealth
management, corporate and investment banking and trading across a
broad range of asset classes, serving corporations, governments,
institutions and individuals around the world. Bank of America
offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online
products and services. The company serves clients through
operations in all 50 states, the District
of Columbia, the U.S. Virgin
Islands, Puerto Rico and
more than 35 countries. Bank of America Corporation stock (NYSE:
BAC) is listed on the New York Stock Exchange.
About Oracle
The Oracle Cloud
offers complete SaaS application suites for ERP, HCM and CX, plus
best-in-class database Platform as a Service (PaaS) and
Infrastructure as a Service (IaaS) from data centers
throughout the Americas, Europe
and Asia. For more
information about Oracle (NYSE:ORCL), please visit us at
oracle.com.
Trademark
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registered trademarks of Oracle and/or its affiliates. Other names
may be trademarks of their respective owners.
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SOURCE Oracle