{"id":100696,"date":"2019-09-23T13:53:36","date_gmt":"2019-09-23T13:53:36","guid":{"rendered":"https:\/\/news.microsoft.com\/?p=434498"},"modified":"2019-09-23T13:53:36","modified_gmt":"2019-09-23T13:53:36","slug":"sibos-2019-empowering-financial-services-to-achieve-more","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2019\/09\/23\/sibos-2019-empowering-financial-services-to-achieve-more\/","title":{"rendered":"Sibos 2019: Empowering financial services to achieve more"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2019\/09\/sibos-2019-empowering-financial-services-to-achieve-more.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>It\u2019s a transformative time for the financial services industry. In the fast-changing, tech-driven world banks now live in,&nbsp;they recognize&nbsp;that technology can play a role in helping them meet both&nbsp;their customers\u2019 expectations&nbsp;and challenging&nbsp;regulatory requirements. Coming to Microsoft from that world myself just two weeks ago, I\u2019m now leading the team responsible for&nbsp;helping our&nbsp;customers&nbsp;do just that&nbsp;\u2013 regardless of where they are in their&nbsp;transformation journey.<\/p>\n<p>After 20 years in financial services, I\u2019ve seen the impact technology can have, and recognize we have been approaching an inflection point for some time \u2013 and are at the tipping point.<\/p>\n<p>We\u2019re approaching the close of a decade, and the industry has a tremendous opportunity to accelerate use of cloud and artificial intelligence (AI) as a catalyst to improve competitiveness, drive growth, elevate customer experiences and keep ahead of changing regulations and cybersecurity threats.<\/p>\n<p>To take full advantage of what&nbsp;<a href=\"https:\/\/www.sibos.com\/about\/sibos-2019-london\">Sibos 2019<\/a>&nbsp;describes as a hyper-connected world, more banks are making broader cloud platform choices \u2013 moving beyond infrastructure services \u2013 and extending their cloud investment to productivity, data and AI, and agile customer relationship management services.<\/p>\n<p>They\u2019re making this platform decision to seize the opportunity at hand and evolve to meet the rapidly changing needs and expectations of customers. They recognize technology can help them create the new business models required \u2013 even integrate past, present and future.<\/p>\n<p>As we look ahead, key to this will be the ability&nbsp;for&nbsp;financial organizations to:<\/p>\n<ul>\n<li><strong>Deliver differentiated \u200bcustomer experience<\/strong>\u200b by accelerating growth and loyalty through deeper customer insights and&nbsp;relationships \u200b<\/li>\n<li><strong>Modernize payments and core banking<\/strong>\u200b with agility to roll out new products and services\u200b<\/li>\n<li><strong>Manage risk across the organization<\/strong>\u200b with deep insights and compliance with regulatory requirements\u200b<\/li>\n<li><strong>Empower employees<\/strong>\u200b&nbsp;<strong>through teamwork<\/strong>\u200b and improved employee productivity and accelerate workplace modernization\u200b<\/li>\n<li><strong>Combat financial crime<\/strong>\u200b by protecting your bank and customers while lowering compliance costs\u200b<\/li>\n<\/ul>\n<p>Because of the&nbsp;hyper-connectivity, we know that regulatory compliance is and must be a top priority, which is why Microsoft continues to work with financial services regulators and customers to ensure our cloud services help customers meet their strict regulatory requirements. Our&nbsp;team has&nbsp;been a part of the consultation period in sharing perspectives on updated outsourcing guidance by the&nbsp;<a href=\"https:\/\/news.microsoft.com\/transform\/supporting-modern-technology-policy-for-the-financial-services-industry\/\">European Banking Authority (\u201cEBA)\u201d and the final&nbsp;issued&nbsp;guidance<\/a>,&nbsp;which takes effect on Sept.&nbsp;30, 2019.\u202f This longstanding engagement with regulators&nbsp;around cloud&nbsp;computing&nbsp;is one of the reasons&nbsp;more than 90&nbsp;percent&nbsp;of Global Systemically Important Financial Institutions (\u201cGSIFIs\u201d)&nbsp;depend on&nbsp;Microsoft&nbsp;cloud&nbsp;services. As a company we\u2019ve&nbsp;made the investments and commitments to ensure they can meet their regulatory obligations.<\/p>\n<p>To&nbsp;accelerate&nbsp;digital transformation, Microsoft has focused on removing barriers to adopting&nbsp;cloud&nbsp;technology&nbsp;\u2013 such as regulatory and compliance, and beyond. At Sibos, we\u2019re unveiling several announcements&nbsp;to&nbsp;further&nbsp;underscore&nbsp;this effort:<\/p>\n<ul>\n<li><strong><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Microsoft becomes first&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">public cloud&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">provider to enable connectivity<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;with&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">SWIFT Cloud Connect on Azure<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">.<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><\/strong><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Today, we\u2019re announcing&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">progress in our work with SWIFT since last year\u2019s Sibos where we&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">announced the&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">POC to provide SWIFT via cloud on Microsoft Azure<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">.\u202f<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Working with<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><a class=\"Hyperlink SCXW10961713 BCX0\" href=\"https:\/\/www.bnymellon.com\/us\/en\/newsroom\/news\/press-releases\/bny-mellon-swift-and-microsoft-turn-cloud-based-messaging-concept-into-reality-during-sibos-2019-conference-09-24-2019-newsid-13.jsp\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"TextRun Underlined SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Bank of New York Mellon<\/span><\/span><\/a><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">,<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;Microsoft Treasury has successfully completed payment&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">transaction tests via SWIFT on Azure by integrating&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">with&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">the Bank of New York-Mellon for payment confirmations.<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">In addition, at Sibos we\u2019ll preview two new planned tools to make compliance and cloud adoption easier for financial organizations&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">processing<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;payment messaging<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;in the&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">cloud;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Azure SWIFT<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">CSP Blueprint and Logic App connectors for financial services. The<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><a class=\"Hyperlink SCXW10961713 BCX0\" href=\"https:\/\/azure.microsoft.com\/en-us\/blog\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"TextRun Underlined SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Azure SWIFT CSP Blueprint<\/span><\/span><\/a><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;is now available in public preview and<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">will enable fast and repeatable creation of governed SWIFT&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">e<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">nvironments providing&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">continuous&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">monitoring and audit of CSP controls.<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><a class=\"Hyperlink SCXW10961713 BCX0\" href=\"https:\/\/azure.microsoft.com\/en-us\/blog\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"TextRun Underlined SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">Azure Logic App Connectors for financial services<\/span><\/span><\/a><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;will enable organizations that adopt SWIFT services on Azure to easily connect their apps, data<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">, and devices on-premise or&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">in the<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">cloud<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">.&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">These offerings will&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">enable more<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">secure<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">and agile<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;operations<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">that will drive<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;cloud adoption for financial institutions that&nbsp;<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">deploy<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;SWIFT<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW10961713 BCX0\">&nbsp;on Azure<\/span><\/span><span class=\"TextRun SCXW10961713 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW10961713 BCX0\">.<\/span><\/span><span class=\"EOP SCXW10961713 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:252}\">&nbsp;<\/span><\/li>\n<li><a href=\"https:\/\/cloudblogs.microsoft.com\/dynamics365\/bdm\/2019\/09\/23\/boost-your-ecommerce-revenue-with-dynamics-365-fraud-protection\/\"><strong>Dynamics 365 Fraud Protection general availability and new feature addressing wrongful declines: <\/strong><\/a>This cloud-based solution&nbsp;will be&nbsp;generally <a href=\"https:\/\/cloudblogs.microsoft.com\/dynamics365\/bdm\/2019\/09\/23\/boost-your-ecommerce-revenue-with-dynamics-365-fraud-protection\/\">available on Oct. 1, 2019<\/a>&nbsp;and&nbsp;is designed to decrease fraud costs and help increase acceptance rates for customer payment transactions with e-commerce merchants. Dynamics 365 Fraud Protection is designed to benefit merchants and banks while also improving customer shopping experiences by providing a seamless purchasing experience. The solution combats payment and account-creation fraud with AI&nbsp;technology that continuously learns and adapts to evolving fraudulent patterns. When generally available, the service will include a new feature (<em>Transaction Acceptance Booster<\/em>) that addresses wrongful declines \u2013 a common issue negatively impacting&nbsp;both merchants and banks.&nbsp;Among the first to deploy the new solution is&nbsp;<a href=\"https:\/\/wiproconsumercare.com\/\">Wipro Consumer Care &amp; Lighting Group<\/a>&nbsp;in India to reduce the fraud rate for their ecommerce platform&nbsp;<a href=\"https:\/\/yardleyoflondon.com\/\">Yardley.com<\/a>. FMCG players like Wipro Consumer Care&nbsp;&amp;&nbsp;Lighting Group can opt into this feature to increase acceptance rates for authorization requests they make to their issuing banks participating&nbsp;in Dynamics 365 Fraud Protection.<\/li>\n<li><a href=\"https:\/\/cloudblogs.microsoft.com\/dynamics365\/it\/2019\/09\/20\/microsoft-dynamics-365-banking-accelerator-adds-bian-api-implementation\"><strong>Microsoft Banking Accelerator adds BIAN API implementation:<\/strong><\/a> Following the general availability of the&nbsp;<a href=\"https:\/\/cloudblogs.microsoft.com\/dynamics365\/bdm\/2019\/07\/17\/microsoft-dynamics-365-banking-accelerator-is-now-generally-available\/\">Microsoft Banking Accelerator<\/a>&nbsp;in July, today we are releasing an&nbsp;<a href=\"https:\/\/github.com\/microsoft\/Industry-Accelerator-FinancialServices\/tree\/master\/apps\/samplecode\/bianapi\">API sample implementation on GitHub<\/a>&nbsp;for interoperability with the Banking Industry Architecture Network&nbsp;(<a href=\"https:\/\/bian.org\/\">BIAN<\/a>)&nbsp;API service domains. BIAN is a not-for-profit association to establish and promote a common architectural framework for enabling banking interoperability. Microsoft and BIAN have been working together to help unlock new open banking opportunities by allowing organizations to more seamlessly and consistently share banking-specific data across disparate systems. In addition to the BIAN API samples, Microsoft released an update to \u202fBanking Accelerator on&nbsp;<a href=\"https:\/\/appsource.microsoft.com\/en-us\/product\/dynamics-365\/msfsi.bankingcommondatamodel?tab=Overview\">AppSource<\/a>&nbsp;bringing additional use cases for retail banking.<\/li>\n<li><strong>Microsoft is&nbsp;the f<\/strong><strong>irst<\/strong><strong> cloud p<\/strong><strong>rovider&nbsp;<\/strong><strong>to r<\/strong><strong>eceive<\/strong><strong> a c<\/strong><strong>omprehensive<\/strong><strong> cloud a<\/strong><strong>ssessment<\/strong><strong>&nbsp;from&nbsp;<\/strong><strong>TruSight<\/strong>, an industry-backed, best-practices third-party assessment utility.&nbsp;<a href=\"https:\/\/trusightsolutions.com\/pr\/trusight-engages-with-microsoft-to-complete-comprehensive-risk-assessment-of-microsofts-cloud-services.pdf\">Today,&nbsp;TruSight&nbsp;delivered a comprehensive on-site assessment of Microsoft\u2019s Cloud Computing environment<\/a>, including Microsoft Azure, Microsoft 365, and Microsoft Dynamics 365. The&nbsp;assessment was conducted using&nbsp;TruSight\u2019s&nbsp;stringent best-practices assessment methodology. The new&nbsp;TruSight&nbsp;report gives financial services organizations a high-quality assessment of Microsoft\u2019s cloud services based on standardized, industry-designed control assessment methodology.&nbsp;TruSight&nbsp;and its third-party assessment utility was created by leading banking institutions for the collective benefit of all financial services participants. The utility gives financial institutions the ability to access assessments on the most widely used third&nbsp;parties across financial services, rather than having to individually conduct assessments. Microsoft is the first of the major cloud providers to complete the assessment, which covered 27 control domains such as information technology, cybersecurity, business resiliency, privacy, physical security and risk management.&nbsp;Visit the&nbsp;<a href=\"https:\/\/aka.ms\/TruSight-Compliance\">Microsoft Trust Center<\/a>&nbsp;to learn more.<\/li>\n<\/ul>\n<p><strong>Microsoft customers share their success stories&nbsp;<\/strong><\/p>\n<p>Microsoft is&nbsp;focused on empowering financial services organizations to&nbsp;achieve more. That requires being focused on trust, and always enabling our customers \u2013 through innovation, and security and compliance investments, as well as industry leading cloud scale.&nbsp;We&nbsp;continue to&nbsp;put our customers at the center of everything we do&nbsp;by sharing their inspired stories&nbsp;from our customers\u2019 success since last year\u2019s Sibos.&nbsp;We see momentum increasing worldwide as our customers tell&nbsp;their&nbsp;transformation&nbsp;stories \u2013&nbsp;answering the questions about&nbsp;how they overcame obstacles, pitfalls to avoid, keys to success,&nbsp;why cloud&nbsp;or&nbsp;AI,&nbsp;and&nbsp;why Microsoft. Here are just a few of their stories:<\/p>\n<ul>\n<li><a href=\"https:\/\/customers.microsoft.com\/en-us\/story\/737066-agtb-banking-azure-dynamics365-united-arab-emirates\"><strong>Anglo-Gulf Trade Bank<\/strong>, world\u2019s first trade finance bank, hosted entirely on Microsoft cloud<\/a><\/li>\n<li><a href=\"https:\/\/www.bnymellon.com\/us\/en\/newsroom\/news\/press-releases\/bny-mellon-swift-and-microsoft-turn-cloud-based-messaging-concept-into-reality-during-sibos-2019-conference-09-24-2019-newsid-13.jsp\"><b><span data-contrast=\"none\">Bank of New York Mellon<\/span><\/b><\/a><span data-contrast=\"auto\">, SWIFT and Microsoft turn cloud-based messaging concept into reality during Sibos 2019 Conference&nbsp;<\/span><\/li>\n<li><a href=\"https:\/\/azure.microsoft.com\/en-us\/blog\/microsoft-azure-available-from-new-cloud-regions-in-germany\/\"><strong>Deutsche Bank<\/strong>, Deutsche Telekom, SAP, and others trust Microsoft for their digital transformations<\/a><\/li>\n<li><a href=\"https:\/\/deutsche-boerse.com\/dbg-en\/media\/press-releases\/Deutsche-B-rse-and-Microsoft-reach-a-significant-milestone-for-cloud-adoption-in-the-financial-services-industry-1540058\"><strong>Deutsche&nbsp;B\u00f6rse <\/strong>and Microsoft reach a significant milestone for cloud adoption in the financial services industry<\/a><\/li>\n<li><a href=\"https:\/\/azure.microsoft.com\/en-us\/blog\/how-hsbc-built-its-payme-for-business-app-on-microsoft-azure\/\"><strong>HSBC:&nbsp;<\/strong>How HSBC built its&nbsp;PayMe&nbsp;for Business app on Microsoft Azure<strong>:<\/strong>Bank-grade security, super-fast transactions, and analytics<\/a><\/li>\n<li><a href=\"https:\/\/news.microsoft.com\/2019\/05\/02\/j-p-morgan-and-microsoft-announce-strategic-partnership-to-drive-enterprise-adoption-of-quorum\/\"><strong>J.P. Morgan <\/strong>and Microsoft announce strategic partnership to drive enterprise adoption of Quorum<\/a><\/li>\n<li><a href=\"https:\/\/customers.microsoft.com\/en-us\/story\/738233-national-bank-of-canada-banking-microsoft365\"><strong>National Bank of Canada&nbsp;<\/strong>empowers and engages workforce, elevates customer and employee experience<\/a><\/li>\n<li><a href=\"https:\/\/newsroom.statestreet.com\/press-release\/corporate\/charles-river-chooses-microsoft-azure-microsoft-power-bi-and-microsoft-teams\"><strong>State Street&nbsp;<\/strong>chooses Microsoft Azure, Microsoft Power BI, and Microsoft Teams for Enterprise Investment Management Solution<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=rmy1LHW6mbw&amp;feature=youtu.be\"><strong>TD Bank<\/strong> delivers legendary customer experiences with Microsoft<\/a><\/li>\n<li><a href=\"https:\/\/news.microsoft.com\/de-ch\/2019\/08\/28\/the-microsoft-cloud-switzerland-is-up-and-running\/\"><strong>UBS Group<\/strong> uses Microsoft Azure cloud to modernize critical business apps, leverage digital channels, and rethink how global workforce collaborates<\/a><\/li>\n<\/ul>\n<p><strong>Microsoft&nbsp;partner&nbsp;news&nbsp;<\/strong><\/p>\n<p>At Sibos 2019, we\u2019re excited to showcase our partners\u2019 progress in helping our mutual customers with their technology needs. Microsoft is the only cloud provider with a mature partner program and has the largest&nbsp;partner ecosystem in the market with more than 68,000 partners worldwide. Our partners are equipped and prepared to work with financial services organizations of all sizes across all their needs.<\/p>\n<p>We\u2019re&nbsp;featuring the following partner&nbsp;successes&nbsp;and&nbsp;collaboration&nbsp;efforts:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a transformative time for the financial services industry. In the fast-changing, tech-driven world banks now live in,&nbsp;they recognize&nbsp;that technology can play a role in helping them meet both&nbsp;their customers\u2019 expectations&nbsp;and challenging&nbsp;regulatory requirements. Coming to Microsoft from that world myself just two weeks ago, I\u2019m now leading the team responsible for&nbsp;helping our&nbsp;customers&nbsp;do just that&nbsp;\u2013 regardless [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":100697,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[304,50],"class_list":["post-100696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-microsoft-news","tag-financial-services","tag-recent-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/100696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=100696"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/100696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/100697"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=100696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=100696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=100696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}