Technology Record - Issue 26: Autumn 2022

25 Banks invest in Microsoft's financial services solutions Large banks have turned to Microsoft’s services to improve their digital platforms, payment functionalities and connectivity. Italian bank Nexi partnered with Microsoft to use the Microsoft Azure cloud platform to offer digital payments to small and medium-sized enterprises (SMEs) in Europe. Nexi will then use Azure to further digitise its data centres and platforms such as PayTech, whilst maintaining high standards of cybersecurity and data protection. The integration of payment functionalities onto the cloud will enable independent software vendors to better operate in the markets of interest. British multinational bank Barclays has deployed Microsoft Teams for more than 120,000 colleagues and service partners to improve global connectivity. The deployment is part of the bank’s efforts to better connect employees across its business units, as well as to enhance its data retention, search and retrieval capabilities, which are available within Microsoft Purview. In the UK, The Co-operative Bank has opted to migrate its treasury infrastructure to Microsoft partner Finastra’s Kondor cloud services to digitise its processes, enhance its integrated ecosystems and increase the opportunity for collaboration with other UK-based organisations. Kondor, which is available via Microsoft Azure and integrated within workflow applications CloudMargin and eflow, will provide the bank with a modern, scalable and cost-effective system to automate reporting and other processes. Photo: Microsoft Alshaya Group partners with Optimizely and Conversion Alshaya Group, a brand franchise operator, will use Optimizely’s experimentation platform to enhance its digital touchpoints and improve customer experiences. Optimizely will carry out the project in collaboration with its partner Conversion, a conversion rate optimisation company. Alysha’s e-commerce online portfolio includes over 100 live experiences and it is now focusing on increasing customer engagement and conversion. To achieve this goal, it will implement the Optimizely platform in its fashion and footwear, health and beauty, and home furniture businesses. CASE STUDY

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