Microsoft will continue to execute on its industry cloud strategy with the announcement that the Cloud for Financial Services will reach GA on November 1.
The offering is aimed at several segments of the financial services sector:
Microsoft will also be launching the offering with a range of industry-focused partners that include global SIs like Avanade, Accenture, Capgemini, and PwC along with ISVs like Finastra and VeriPark. Partners have both contributed to the IP of the industry cloud through its data model and other custom capabilities and by working with pilot customers to deploy and build upon it.
Microsoft revealed its plans to add a financial services cloud to its lineup in February, along with manufacturing and nonprofit.
In today’s announcement, Microsoft corporate vice president of worldwide financial services Bill Borden praised banking and financial services firm Virgin Money UK as an early adopter. The company is “[exploring] the new capabilities to help its customers and employees achieve what is important to them,” Borden wrote.
Microsoft Cloud for Financial Services is the latest in a series of steps to formalize the company’s cloud offering for the industry. There have been efforts in recent years that include the Dynamics 365 Banking Accelerator (among other industry accelerators)
As a cloud-based toolset that spans Azure, Dynamics 365, Power Platform, and Microsoft 365, Cloud for Financial Services will be used in different ways by different financial institutions, and Borden’s announcement sticks with general benefits that will “accelerate innovation.” For those interested in the release, including more specific capabilities and other details, Microsoft is hosting a virtual event on October 26.
As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at [email protected].
Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.
As the editor of MSDynamicsWorld.com, Jason oversees all editorial content on the site and at our events, as well as providing site management and strategy. He can be reached at [email protected].
Prior to co-founding MSDynamicsWorld.com, Jason was a Principal Software Consultant at Parametric Technology Corporation (PTC), where he implemented solutions, trained customers, managed software development, and spent some time in the pre-sales engineering organization. He has also held consulting positions at CSC Consulting and Monitor Group.
