Company News

TD Bank, Google sign multi-year 'strategic relationship'

TD Bank, CIBC beat Q1 EPS expectations The acquisition that TD cancelled a year ago would have been disastrous, says Bill Harris, partner and portfolio manager at Avenue Investment Management.

TD Bank and Google Cloud have agreed to a “multi-year strategic relationship” that will allow the bank to take advantage of Google’s infrastructure.

"Together with Google Cloud, we are positioned well to continue to evolve our services, and help power new and innovative banking experiences."

“Our technology strategy is helping us deliver personalized and connected experiences for our customers,” Greg Keeley, senior executive vice president of platforms and technology at TD Bank, said in a news release Wednesday.

"Together with Google Cloud, we are positioned well to continue to evolve our services, and help power new and innovative banking experiences."

The deal will also give TD access to Google’s “global network of engineers” to take advantage of Google Cloud and develop new products.

TD and Google Cloud have an existing relationship, as TDSAT, a Chicago-based subsidiary of the bank, has been using Google Cloud for the modelling of its fixed-income markets.