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BMO Harris Bank

BMO Harris Bank streamlines system landscape with OpenText

BMO Harris Bank logo

Large commercial bank saves more than $10 million through data archiving and application decommissioning with OpenText InfoArchive

We wanted to make sure it really was a partnership. OpenText understood exactly what our mission was and we understood what they brought to the table. It’s very rare in a project of this size and scope that you can hit all of the requirements, get them all done and come in on time and on budget. I would absolutely recommend the OpenText InfoArchive application decommissioning solution.

Todd Sesto, Senior Technology Officer, BMO Harris Bank

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  • Grappled with outdated, redundant systems as result of merger activities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.