Microsoft Cloud for Financial Services will be generally available from November 1

guest · Oct 5, 2021

Microsoft Cloud for Financial Services will be generally available from November 1
October 5, 2021
https://www.neowin.net/news/microso...-will-be-generally-available-from-november-1/

Microsoft has multiple cloud verticals covering various domains including sustainability, non-profit, healthcare, manufacturing, and retail. The company will soon be adding Microsoft Cloud for Financial Services to this list, following a public preview earlier this year.

This new cloud vertical is built on the principles of interoperability, privacy, security, and regulatory compliance, and will enable organizations to innovate while keeping sustainability in mind. All of this is made possible by integrating Microsoft Azure, Microsoft 365, Microsoft Dynamics 365, and Microsoft Power Platform in a unified data model and offering customized capabilities on top for the financial services industry to utilize.
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On the security front, Microsoft Cloud for Financial Services will combat fraud using capabilities such as account protection and purchase protection. Security and regulatory compliance will be facilitated by risk assurance and support, as well as regulatory compliance assessments.
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Microsoft plans to share more details about the Microsoft Cloud for Financial Services in a digital forum on October 26. The vertical will become generally available on November 1.
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Microsoft: Microsoft Cloud for Financial Services: Accelerating innovation for sustainable growth

In talking with our customers every day, financial services organizations have increased focus on how to accelerate their digital agendas to better serve their clients and empower employees, while at the same time continuing to reduce the costs of running their businesses.
This has put a strong emphasis on the use of cloud technologies and services, time to value, and cost reduction all in parallel.

We are proud to share that Virgin Money UK is among the first to explore the new capabilities to help its customers and employees achieve what is important to them. Virgin Money UK is part of a group of institutions partnering with us in preview to help shape future capabilities to come.
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guest · Nov 1, 2021

Microsoft Cloud for Financial Services is now generally available
November 1, 2021
https://www.windowscentral.com/microsoft-cloud-financial-services-now-generally-available

What you need to know

Microsoft Cloud for Financial Services entered general availability on November 1, 2021.

It offers tools and means of combatting financial crime, managing data, and boosting employee productivity.

The cloud add-on runs for $20,000 per tenant, per month.

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Microsoft Cloud for Financial Services hits general availability today, November 1, 2021, meaning interested organizations can sign on for the price of $20,000 a month per tenant.

The Microsoft Cloud for Financial Services is generally available in English and is deployable within the United States and the United Kingdom. Microsoft has a blog post discussing the partner opportunities the add-on allows for.
This is one of the many services Microsoft offers as part of its ever-expanding cloud portfolio.
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Microsoft: Partner opportunities with Microsoft Cloud for Financial Services

Introducing the Microsoft Cloud for Financial Services offering
I am thrilled to be sharing more about the partner opportunities available with the Microsoft Cloud for Financial Services, generally available on Nov 1. This industry-specific cloud introduces new capabilities that add to our existing public cloud offerings and in combination truly unlock the power and value of the Microsoft Cloud to help innovate for responsible and sustainable growth.
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guest · Nov 5, 2021

UK's sixth biggest bank forms partnership with Microsoft
November 5, 2021
https://www.neowin.net/news/uks-sixth-biggest-bank-forms-partnership-with-microsoft/

Microsoft has announced that it has formed a strategic partnership with Virgin Money UK, the sixth biggest bank in the United Kingdom. It said that they’ve agreed to work on a cloud-based platform that will make Virgin Money UK more agile and productive.

Virgin Media UK, which boasts six million customers, will move on-premise workloads to Microsoft’s Azure platform. It hopes it can use Microsoft’s tools and services to implement a more straightforward IT infrastructure that’s easier to scale to support future growth, efficiency and improve software development times.
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Commenting on the announcement, David Duffy, Chief Executive of Virgin Money UK, said:

“This partnership with Microsoft is an important element of our digital first strategy. The partnership will drive efficiencies by simplifying our existing IT infrastructure and enable faster development times to help us grow, while empowering our colleagues to build a market-leading digital customer experience at scale.”

The announcement by the two companies comes just a month after Microsoft said it was working with Virgin Money UK, among others, on Microsoft Cloud for Financial Services, a cloud offering tailored to banks and other financial institutions.
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Microsoft: Virgin Money UK and Microsoft agree strategic partnership to transform banking

Microsoft and Virgin Money UK have agreed a strategic partnership that will see the bank launch a cloud-based platform to drive agility and productivity throughout the business and create a unique colleague and customer experience.

By enhancing and modernising its current digital platform, Virgin Money can retain business critical aspects of its infrastructure, while adding key workstreams around inclusive design, sustainability and data analysis and insights.
Virgin Money will also use Microsoft’s data analytics tools, to give frontline employees a better view of customers and empower them to offer more personal and tailored financial experiences.
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In October, it was announced that Virgin Money was one of the first companies in the world to work with Microsoft on the new Cloud for Financial Services. The industry-specific cloud has a foundation of privacy, security and regulatory compliance across Microsoft and its partner ecosystem, enables interoperability and innovation, and supports retail banks as they enhance customer and employee experiences and drive loyalty and customer growth.
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