Microsoft’s Branch Into Financial Technology
Financial Technology, or ‘Fintech’, is one of the biggest sub-sectors of the tech industry – in the last decade, it has transformed the way financial services are accessed by consumers, and provided by financial institutions. Initially, Fintech emerged as a class of technology that was primarily employed at the back-end of financial institutions; however there has been an avalanche of consumer-facing Fintech services in recent years – products aimed at helping end-users manage their finances more easily and independently.
Now, Microsoft is starting their own foray into financial technology, with Microsoft Cloud for Financial Services. We spoke with TechQuarters, one of the most trusted IT Support Companies that are partnered with Microsoft, about what Microsoft Cloud for Financial Services is.
“Microsoft Cloud for Financial Services is a full infrastructure solution for Financial Institutions,” said TechQuarters. “It offers the same security, compliance, and trust standards that all Financial Institutions must achieve; but it goes further by leveraging the unique capabilities of Microsoft’s Modern Workplace solutions.”
For those who are unaware, the Microsoft Modern Workplace comprises a range of Cloud-based services. To start with, you have Microsoft 365, the suite of products and services most people will be familiar with – Office, Outlook, SharePoint, Teams, etc. Then you have Microsoft Azure – which offers over 100 different Cloud computing services.
“The IT Support Central London businesses needs often includes helping upgrade their IT infrastructure with Cloud-based technologies,” said TechQuarters. “Microsoft 365 and Azure are frequently the first port of call for businesses wanting to digitally transform their organisation.”
Additionally, the Microsoft Modern Workplace includes Dynamics 365, which is Microsoft’s platform for enterprise resource planning (ERP) and customer relationship management (CRM) – both of which are hugely important in the Financial Sector. Finally, the Microsoft Modern Workplace includes the Power Platform – this is Microsoft’s platform for business process automation, app development, and business intelligence.
With Microsoft Cloud for Financial Service, all of the products in the Modern Workplace will be integrated in new and exciting ways to provide the perfect digital ecosystem for Financial Institutions to meet the challenges of their sector.
So, what are the implications for Microsoft Cloud for Financial Services? We asked TechQuarters how they felt this will change and benefit the world of Financial Services.
“The Microsoft Modern Workplace is one of the finest ranges of business technology any organisation can utilize,” said TechQuarters. “As part of their Partner Ecosystem, we have seen first hand the rate of innovation, and the service and support that Microsoft business customers get.”
Microsoft delivers IT Support and Managed Services for their users through the global Microsoft Partner Network – which ensures that Microsoft business customer will always receive an excellent standard of support from a provider that is local to them.
“We have Microsoft Experts that deliver the same expertise that can be found internally at Microsoft,” said TechQuarters. “Financial Institutions that choose to migrate to Microsoft Cloud for Financial Services will be guaranteed a level of service that is recognised internationally.”