NEW YORK, March 22, 2022 /PRNewswire/ — Foundry’s CIO has named TIAA a 2022 CIO 100 Awards winner. For more than 30 years, the CIO 100 Awards have recognized innovative organizations worldwide that exemplify the highest level of strategic and operational excellence in IT.

“We’re proud of our commitment to delivering innovative solutions for our clients,” said Sastry Durvasula, TIAA Chief Information & Client Services Officer. “This CIO 100 Award is a testament to the dedicated teams who work each day to enhance our capabilities and improve our client experience. I am honored to work with such an innovative team of technology and client service experts.”

TIAA was recognized for its proprietary remittance modernization. TIAA’s remittance platform provides comprehensive file routing and processing services for TIAA’s marquee institutional clients, including many of the largest universities and medical centers in the United States. The modernization project rebuilt the previous production system, deployed in 2014, from the ground up on a modern technology stack.

The goal of the modernization effort was to reduce operational costs, increase functionality, scalability, and stability, as well as performance by a factor of more than 100x. At the same time, this effort enabled seamless integration with our core products and services.

“This year’s CIO 100 class demonstrates grit, innovation and deep teamwork. Many projects are related to streamlining data flows and insights to drive the business, bringing innovations like the metaverse to life, and driving value during the pandemic in myriad ways,” said Anne McCrory, Group VP, Customer Experience & Operations, Foundry, formerly IDG Communica