• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Friday, May 9, 2025
  • Login
FinancialNews.Today
  • Finance News
  • Cryptocurrency News
  • Corporates
  • Banking & Financial Services
  • Forex Brokers
    • Banxso
No Result
View All Result
  • Finance News
  • Cryptocurrency News
  • Corporates
  • Banking & Financial Services
  • Forex Brokers
    • Banxso
No Result
View All Result
FinancialNews.Today
No Result
View All Result

Microsoft and Finastra Ink Multiyear Cloud Agreement

Robert Ward by Robert Ward
July 21, 2020
in Corporates
0
Finastra and Microsoft

A London based fintech firm, Finastra and Microsoft have announced a multi-year strategic agreement on a global scale to expedite the metamorphosis of financial services. This alliance is one-of-a-kind as it will support the increasing demand for cloud solutions, which will hugely benefit more than 8500 banking and financial institutions across the world. It is interesting to note that more than 3000 banks, at present, count on both the companies for their technological needs. The alliance will bring about a new commitment to these banks heavily supported by these companies in the field of payments, lending, and retail banking on Azure. This unique agreement will strategize the way by which banks and credit companies use technology, and it will also re-shape our vision of sustainable and open finance.

The CEO of Finastra is upbeat about this alliance as he feels that the future of finance is an open-ended one. With the partnership with Microsoft, they will be able to provide the people and businesses with solutions that will be perfect for their needs and unlock everyone’s potential. The pandemic has pushed the world quickly to a digital age, and this partnership will help to hasten this shift.

The open developer platform, which is built on the lines of MS Azure, is bringing in innovation in financial products. The company is also in talks with an established bank in Australia and is observing the process by which Microsoft based apps can run on cloud apart from Azure. The experts have already revealed that the banks are usually interested in clouds provided by the Big Three, such as AWS, Google, and Microsoft Azure. IBM is usually considered for older applications only.

Finastra is bent on creating a workplace for the future, and, no doubt, this determination augurs well for increased productivity and deeper client engagement. The open innovation platform – Fusion Fabric.cloud – encourages ultra-modern financial services applications. The alliance between Finastra and Microsoft will help to foster faster and more concrete decision-making in the future.

Previous Post

Loan Rate Kept Steady by China for 3rd Consecutive Month

Next Post

RBS Goes for a Name Change to Rebrand Itself

Next Post
RBS Goes for a Name Change to Rebrand Itself

RBS Goes for a Name Change to Rebrand Itself

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Email: info@financialnews.today

Copyright © 2025. financialnews.today.

No Result
View All Result
  • About Us
  • Advertise With Us
  • Contact Us
  • Editorial Policy
  • Forex Brokers
    • Banxso Review – Reasons Why You Should Invest In Banxso
  • Privacy Policy
  • Team

Copyright © 2025. financialnews.today.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In