Bank of America and Cisco have announced an agreement to deploy the largest network of Cisco TelePresence systems, with an initial 200 units being installed across the bank’s global operations by year-end.
The bank will use this technology to enhance associate and team effectiveness by providing the bank’s global workforce with a world-class virtual meeting capability.
Bank of America Chief Technology Officer Marc Gordon said deploying Cisco TelePresence will provide the bank with significant, sustainable benefits.
“This global Cisco TelePresence deployment will help our associates collaborate and integrate even more effectively as we deliver all of our capabilities to customers and clients worldwide,” he said. “This is an example of our commitment to use innovative technology to address real business opportunities.
“The technology also will help associates better manage work-life balance by providing flexible meeting options, and in some cases reducing the need to travel. When TelePresence helps reduce travel, it also supports our commitment to address climate change.”
Gordon described the agreement as mutually beneficial. “With this partnership, Bank of America and its associates will enjoy the benefits of Cisco’s global video conferencing technology, and Cisco enjoys the opportunity to continuously improve TelePresence by managing the system across our global environment.”
Marthin De Beer, senior vice president of Cisco’s Emerging Technologies Business Group, said, “This managed service model enables organisations like Bank of America to rapidly deploy Cisco TelePresence and to immediately reap the benefits of virtual collaboration.
“Cisco is excited about extending our relationship with Bank of America, and we look forward to helping the bank’s associates use our innovative collaboration technology to effectively and efficiently bring together even the most geographically dispersed teams.”