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TIAA Wins CIO 100 Award for Innovation in Information Technology


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


CIO has named TIAA a winner of the 2022 CIO 100 Awards.

“We are very pleased of our motivation to delivering revolutionary solutions for our customers,” mentioned Sastry Durvasula, TIAA Main Information & Customer Services Officer. “This CIO 100 Award is a testament to the focused groups who do the job each day to enrich our capabilities and make improvements to our customer working experience. I am honored to operate with these types of an revolutionary crew of technological know-how and shopper service professionals.”

TIAA was acknowledged for its proprietary remittance modernization. TIAA’s remittance system offers extensive file routing and processing providers for TIAA’s marquee institutional clients, like numerous of the premier universities and professional medical centers in the United States. The modernization task rebuilt the prior generation program, deployed in 2014, from the floor up on a fashionable technologies stack.

The purpose of the modernization energy was to reduce operational expenditures, maximize functionality, scalability, and balance, as perfectly as performance by a variable of additional than 100x. At the exact same time, this effort and hard work enabled seamless integration with our main items and solutions.

“This year’s CIO 100 course demonstrates grit, innovation and deep teamwork. Lots of tasks are similar to streamlining facts flows and insights to push the enterprise, bringing innovations like the metaverse to daily life, and driving value all through the pandemic in myriad strategies,” reported Anne McCrory, Team VP, Consumer Practical experience & Functions, Foundry, previously IDG Communications, Inc. “We are honored to showcase these achievements and the persons powering them as we collect in man or woman once yet again for a crew-based practical experience at the CIO 100 Symposium & Awards in California in August.”

Executives from the winning firms will be recognized at the CIO 100 Symposium & Awards.

About the CIO 100 Awards

The yearly CIO 100 Awards celebrate 100 businesses and the groups within them that are working with IT in progressive means to produce organization worth, irrespective of whether by building competitive edge, optimizing organization procedures, enabling progress or improving upon interactions with buyers. The award is an acknowledged mark of business excellence. Recipients are selected as a result of a a few-move method. First, businesses fill out an online application type detailing an impressive IT and enterprise initiative. Next, a staff of exterior judges (a lot of of them previous CIOs) opinions the purposes in depth, hunting for foremost-edge IT techniques and measurable effects. Finally, CIO editors evaluation the judges’ recommendations and select the closing 100.

About TIAA

TIAA is a main supplier of secure retirements and final result-concentrated expenditure methods to millions of individuals and thousands of institutions.  It is the #1 not-for-profit retirement sector service provider1, paid more than $3.6 billion to retired customers in 2020 and has practically $1.4 trillion in property below management (as of 12/31/2021)2.

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  • As of Dec. 31, 2020. Based mostly on details in PLANSPONSOR’s 403(b) Sector Study, which released in August 2021.
  • As of December 31, 2021 belongings underneath management throughout Nuveen Investments affiliate marketers and TIAA financial commitment management groups are $1,375 trillion.
  • ©2022 Teachers Insurance policies and Annuity Affiliation of America-Higher education Retirement Equities Fund, 730 3rd Avenue, New York, NY 10017


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