Move will help banking customers compete and grow with data-based insights and more
Finastra has made its Fusion Phoenix core banking platform available on the Microsoft Azure cloud. The move will help the firm’s banking customers compete and grow through data-based insights, accelerated time to market and a scalable cloud environment.
“Now, new and existing customers of our open, modern core can choose to access it via Microsoft's enterprise-ready, trusted Azure cloud platform,” said Vincent Pugliese, general manager of US retail at Finastra. “Institutions can consume rather than own and run core applications, freeing up IT resources to focus on competitiveness and growth.”
Finastra is building upon its Azure-hosted services, which already include Fusion MortgagebotLOS, Fusion uOpen, Fusion Global PAYplus, Fusion Essence and FusionFabric.cloud. According to Finastra, its partnership with Microsoft aims of provide customers with the highest standards of security, resiliency, performance and operating excellence.
“The future of banking technology is in the cloud,” said Bill Borden, corporate vice president of worldwide financial services at Microsoft. “As financial institutions push to digitally transform their businesses to successfully compete, the cloud is unlocking and accelerating new opportunities to optimise operations, empower employees, transform products, and deliver the differentiated customer experiences that drive competitive advantage.”
US institutions the Commerce National Bank & Trust of Winter Park and Commencement Bank of Tacoma are the first to access Finastra’s solution via the public cloud.