{"id":115636,"date":"2020-07-20T13:00:21","date_gmt":"2020-07-20T13:00:21","guid":{"rendered":"https:\/\/news.microsoft.com\/?p=438230"},"modified":"2020-07-20T13:00:21","modified_gmt":"2020-07-20T13:00:21","slug":"finastra-and-microsoft-announce-a-multiyear-global-strategic-agreement-to-accelerate-transformation-of-financial-services","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/07\/20\/finastra-and-microsoft-announce-a-multiyear-global-strategic-agreement-to-accelerate-transformation-of-financial-services\/","title":{"rendered":"Finastra and Microsoft announce a multiyear global strategic agreement to accelerate transformation of financial services"},"content":{"rendered":"<h3><i>Alliance supports demand for cloud solutions, aiming to compress years of innovation into months for 8,500 banking and financial institutions worldwide<\/i><\/h3>\n<div class=\"video-container responsive-youtube oembed-container\"><button class=\"cookie-consent-btn cookie-consent-btn--image\"><img decoding=\"async\" src=\"https:\/\/www.sickgaming.net\/blog\/wp-content\/uploads\/2020\/07\/finastra-and-microsoft-announce-a-multiyear-global-strategic-agreement-to-accelerate-transformation-of-financial-services.jpg\"><\/button><\/div>\n<p><strong>LONDON and REDMOND, Wash. \u2014 July 20, 2020 \u2014 <\/strong><a href=\"http:\/\/www.finastra.com\/\">Finastra<\/a> and Microsoft Corp. on Monday announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services.<\/p>\n<p>\u201cThis is a truly exciting step change in the relationship between our two companies,\u201d said Simon Paris, CEO, Finastra. \u201cWe believe the future of finance is open. Together with Microsoft, we can provide people, businesses and communities with the solutions and services that fit around their needs and lives, unlocking the power and potential of finance for everyone. As the pandemic has brought the future forward with regard to digitization, our vision to transform the world of financial services aligns closely with Microsoft\u2019s ambitions, and I believe that together we can help accelerate this digital shift.\u201d<\/p>\n<p>This move marks a commitment and builds on the 3,000 banks and financial institutions already supported by both companies across payments, lending, treasury and retail banking on Azure. The agreement, paired with the unparalleled disruption of the industry, will reimagine the way banks and credit unions use technology and how we all think about sustainable, open finance. Using Microsoft platforms has already enabled Finastra to accelerate its product road maps to bring even more of its mission-critical solutions to the cloud for its 8,500 customers, alongside advancements in data, AI and open banking.<\/p>\n<p>\u201cFinastra\u2019s open developer platform, built on Microsoft Azure, is leading the way in accelerating collaboration and innovation in financial services. By helping with capabilities such as e-signatory and e-notary, Finastra is able to quickly extend those solutions for more customers,\u201d said Scott Guthrie, executive vice president, Cloud + AI, Microsoft. \u201cWe\u2019re thrilled to be working with Finastra to transform the future of financial services by accelerating its move to the cloud. Together we will fuel the digital transformation of financial services, and by delivering on operational efficiencies and reducing risk, we will help increase productivity and enable deeper client engagement.\u201d<\/p>\n<p>Along with the strategic partner relationship, Finastra\u2019s <a href=\"http:\/\/www.fusionfabric.cloud\/\">FusionFabric.cloud<\/a> open innovation platform will continue to encourage co-innovation of next-generation financial services applications. Powered by Microsoft Azure, it allows developers unprecedented access to build on top of Finastra\u2019s core systems for faster incubation of high-value applications at scale.<\/p>\n<p>Microsoft Azure, the Power Platform and Office 365 are also helping Finastra to transform its own business and optimize operations. With a focus on creating a workplace of the future, these technologies are supporting smart working, delivering greater collaboration and driving a \u201cdigital-first\u201d mindset among employees. The Microsoft Workplace Analytics capabilities \u2014 with deeper insight gained from data \u2014 are also enabling faster, definitive decision-making.<\/p>\n<p><strong>About Finastra <\/strong><\/p>\n<p>Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world\u2019s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at <a href=\"https:\/\/www.finastra.com\/\">finastra.com<\/a>.<\/p>\n<p><strong>About Microsoft<\/strong><\/p>\n<p>Microsoft (Nasdaq \u201cMSFT\u201d @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.<\/p>\n<p><strong>For more information, press only:<\/strong><\/p>\n<p>Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rrt@weworldwide.com<\/p>\n<p>Caroline Duff, Finastra Global Head of PR, +44 (0)20 3320 5892, <a href=\"mailto:caroline.duff@finastra.com\">caroline.duff@finastra.com<\/a><\/p>\n<p><em>Note to editors:<\/em>&nbsp;For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at&nbsp;<a href=\"https:\/\/news.microsoft.com\/\">http:\/\/news.microsoft.com<\/a>. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists&nbsp;and analysts may contact Microsoft\u2019s Rapid Response Team or other appropriate contacts listed at&nbsp;<a href=\"https:\/\/news.microsoft.com\/microsoft-public-relations-contacts\/\">https:\/\/news.microsoft.com\/microsoft-public-relations-contacts<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alliance supports demand for cloud solutions, aiming to compress years of innovation into months for 8,500 banking and financial institutions worldwide LONDON and REDMOND, Wash. \u2014 July 20, 2020 \u2014 Finastra and Microsoft Corp. on Monday announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services. \u201cThis is a truly [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":115637,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[54,304,112],"class_list":["post-115636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-microsoft-news","tag-azure","tag-financial-services","tag-press-releases"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/115636","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=115636"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/115636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/115637"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=115636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=115636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=115636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}