Microsoft selected as trusted cloud platform to provide secure, reliable access to Finastra payments solutions
The strategic move to work with Microsoft Azure enables Finastra to optimize existing business processes and functions, while expediting development with stability and sophistication. In today’s ever changing business landscape, banks are seeking innovative solutions that evolve with their needs while also fulfilling the ability to scale at a lower overall cost. The migration of payments solutions to Azure will accelerate Finastra’s ability to easily and effectively deploy value-added services onto its platforms and continue to meet customer demands.
Commenting on the development, Gareth Lodge, Senior Analyst at Celent, said, “Generally in the market both payment hubs and cloud have come of age – and this announcement will mean even greater benefits, with the two coming together here. Modern technology, running on modern architecture, gives not only means for greater performance at much lower running costs, but also the potential for new business models altogether, for all involved.”
Janet Lewis, Vice President of Worldwide Financial Services at Microsoft, said, “It is inspiring to work with leaders like Finastra who are helping to benefit our mutual customers in the financial services industry. By using the Microsoft Azure cloud platform, Finastra will optimize its payments solutions and ultimately better serve its customers – all while ensuring its specific security, privacy and compliance needs are met.”
Finastra unlocks the potential of people and businesses in finance, creating a platform for open innovation. Formed in 2017 by the combination of Misys and D+H, we provide the broadest portfolio of financial services software in the world today—spanning retail banking, transaction banking, lending, and treasury and capital markets. Our solutions enable customers to deploy mission critical technology on premises or in the cloud. Our scale and geographical reach means that we can serve customers effectively, regardless of their size or geographic location—from global financial institutions, to community banks and credit unions. Through our open, secure and reliable solutions, customers are empowered to accelerate growth, optimize cost, mitigate risk and continually evolve to meet the changing needs of their customers. 48 of the world’s top 50 banks use Finastra technology.
Please visit www.finastra.com.
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