Financial institutions (FIs) are increasingly seeing that moving to the cloud is the most viable way to keep pace with the rapidly evolving financial industry and its ecosystem. It’s estimated that 83% of enterprise workloads will be in the cloud by 2020. Despite this trend, many FIs are still concerned about compliance and the security of moving their workloads to a cloud platform.
It’s no surprise financial institutions are cautious to make this shift—they’re hit by security incidents 300 times more frequently than businesses in other industries. But the cloud has come a long way over the years. With Microsoft Azure, banks can now improve their workflows using leading-edge technology such as artificial intelligence (AI) on the world’s most secure and compliant cloud platform. At Sibos 2018 Microsoft will help FIs learn how Azure empowers intelligent banking.
Azure, the most secure and compliant cloud for FIs
For many consumers, Microsoft is known as the go-to technology provider for everyday productivity tools such as Windows and Office 365. But Microsoft also provides a compliant, scalable, and resilient cloud platform to securely store and manage data, run applications, and deliver content.
With flexible hybrid options and a global footprint of 54 cloud infrastructure regions around the world, Azure’s core capabilities help banks reduce costs, improve business agility and gain a competitive edge. Microsoft works closely with global customers, regulators, standards bodies, and legislators to improve services and meet regulatory compliance needs in a transparent, trusted manner. With over 120,000 new Azure customer subscriptions per month, 95% of Fortune 500 companies trust their business on the Microsoft cloud.
Using Azure, banks and insurers are implementing cybersecurity, blockchain and payments solutions powered by data and AI. Mastercard recently rolled out Mastercard Track, a new B2B global trade platform, built on Azure to streamline customer services and remove manual paper processes like procure-to-payment. TD Bank relies on Azure to safely store sensitive financial data and generate insights for advisors and customers. Azure’s advanced capabilities empower them to effectively manage over 100 million digital records daily. UBS deployed Azure to drive its risk-management platform, saving 40% in infrastructure costs. Financial institutions around the world recognize Azure as the leading platform to develop new services, ensure compliance, manage risk, and combat financial crime. With Azure, FIs enhance their customer experience and seamlessly integrate enterprise solutions.
Microsoft and its partners are committed to empowering banks’ business needs with a secure and compliant cloud.
Learn about transformative cloud capabilities at Sibos 2018
Microsoft will be hosting several executive luncheons to discuss how cutting-edge cloud technologies like AI are helping FIs stay competitive and compliant across their intelligent banking transformation. To attend these luncheons, make sure to RSVP here.
- Payments and AI: Modernizing bank operations
Join Peter Hazou, Director of WW FSI, to learn how AI and cognitive services solutions from Microsoft help drive innovation for financial institutions. This session will also feature Microsoft’s intelligent automation partners Avanade, Accenture, and Blue Prism.
- Cybersecurity & Banks: Keeping the hackers out
Eric Lam, Director for Asia, Enterprise Cybersecurity Group, will be discussing how cybersecurity continues to be one of the most problematic threats to banks. In this luncheon, you’ll learn how Azure protects bank’s data with predictive and proactive capabilities.
- Ethics in AI: innovation, bias and social responsibility
Microsoft Digital CTO, Norm Judah, will share Microsoft’s perspective on designing AI with ethics in mind, with a keen focus on fairness, accountability and transparency—critical elements to AI adoption in the financial services industry.
We also invite you to attend the open theatre session on Thursday, where JT Rose will be speaking on the powerful role of blockchain in banking.
Join Microsoft Azure Blockchain expert, JT Rose, in this open session with our partners TradeIX and R3 to learn how blockchain is transforming trade finance, commercial insurance, regulatory compliance, claims processing, and B2B contract processing.
When: Thursday, 10/23 at 12:00 PM
To learn more about how Microsoft and our partners are working together to innovate, come find me at Stand A30! You can also set up a one-to-one meeting with Microsoft executives, other thought leaders, and industry experts to hone in on your area of interest. For more information about Azure for financial services go here.
See you in Sydney!