TORONTO and SUNNYVALE, Calif., April 3,
2024 /CNW/ - TD Bank Group (TD) and Google Cloud
today announced a multi-year strategic relationship. TD will add
Google Cloud services to its portfolio of data-driven technology
solutions to support its delivery of innovative banking
experiences. Google Kubernetes Engine (GKE) already supports
TD Securities Automated Trading (TDSAT), designed to enable TD
Securities to adapt and quickly respond to changing market and
client needs in a fast-paced environment.
Google Cloud will work with TD to help streamline application
development and deployment and enable the Bank to respond quickly
to changing customer expectations by rolling out new features,
updates, or entirely new financial products at an accelerated pace.
TD will benefit from Google Cloud's engineering support, which
includes Google's global network of engineers, to help its teams
optimize the use of Google Cloud products as well as architect,
design and operate them in a highly regulated environment.
"At TD, our technology strategy is helping us deliver
personalized and connected experiences for our customers. Our
leadership and our talented, agile teams are supported by the
relationships we have with our technology providers, including
Google Cloud," says Greg Keeley, Senior Executive Vice
President, Platforms and Technology, TD. "Together with Google
Cloud, we are positioned well to continue to evolve our services
and help power new and innovative banking experiences. "
TDSAT, a Chicago-based
subsidiary of TD Securities, began using Google Cloud's
infrastructure with the goal of delivering world-class technology
automation and quantitative modeling to fixed income markets.
Leveraging Google Cloud, the TDSAT team has constructed a
data-driven research platform that seamlessly scales alongside the
business, supplying the technology required to process the large
research workloads associated with TDSAT's data-driven approach to
trading.
"TD is a true pioneer in embracing cloud technologies to
reimagine the future of banking," says Matt
Renner, President, Global Field Organization for Google
Cloud. "Our multi-year strategic relationship with TD will leverage
the power of Google Cloud's secure cloud infrastructure and world
class engineering talent with the goal of driving new levels of
agility, customer-centricity, and engineering innovation to more
easily adapt and respond to the changing needs of TD
customers."
"Google Cloud's features are very well-suited to our business
and provide a secure and scalable infrastructure that can support
compute-intensive quantitative analysis, with an elevated developer
experience," says Dan Bosman, Senior
Vice President and Chief Information Officer, TD Securities and
Treasury and Balance Sheet Management (TBSM). " Google Cloud's
capabilities have helped us grow TDSAT's trading volumes and
portfolio size, and optimally serve our global clients.
Additionally, the Google Cloud team has been truly collaborative,
providing the resources we needed to help our technology
integration process be as seamless as possible."
Google's secure cloud platform, combined with its technical
engineering strength also complements the Bank's goal of developing
the best technology talent in the industry.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by assets and serves
over 27.5 million customers in four key businesses operating in a
number of locations in financial centres around the globe: Canadian
Personal and Commercial Banking, including TD Canada Trust and
TD Auto Finance Canada; U.S. Retail, including TD Bank, America's
Most Convenient Bank®, TD Auto Finance U.S., TD
Wealth (U.S.), and an investment in The Charles Schwab Corporation;
Wealth Management and Insurance, including TD Wealth (Canada), TD Direct Investing, and TD
Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 17 million active online and mobile
customers. TD had $1.91 trillion in assets
on January 31, 2024. The Toronto-Dominion Bank trades under
the symbol "TD" on the Toronto and New York Stock
Exchanges.
About Google Cloud
Services
Google Cloud is the new way to the cloud, providing AI,
infrastructure, developer, data, security, and collaboration tools
built for today and tomorrow. Google Cloud offers a powerful, fully
integrated and optimized AI stack with its own planet-scale
infrastructure, custom-built chips, generative AI models and
development platform, as well as AI-powered applications, to help
organizations transform. Customers in more than 200 countries and
territories turn to Google Cloud as their trusted technology
partner.
SOURCE TD Bank Group