Extra tags: data analyticsAI
FIS®, a financial technology company, announced that the FIS Modern Banking Platform is now accessible on the Microsoft Azure cloud platform, allowing financial institutions in markets such as the United Kingdom, Thailand, and New Zealand to offer digital online banking. With a modern, cloud-native core, the product integrates the latest innovations in cloud security, monitoring, resiliency, and operational analytics.
The FIS Modern Banking Platform assists banks in developing, implementing, and managing innovative products and services. FIS's real-time solution is cloud-native and provides advanced analytics to financial institutions through a fully API-enabled platform. The Modern Banking Platform is meant to be extremely adaptable and secure for financial institutions and their clients, using artificial intelligence and component-based architecture.
According to the Cloud Security Alliance, 91% of financial institutions now employ cloud services or aim to do so in the next four years.
“We’re incredibly excited for financial institutions in more countries to experience the Modern Banking Platform that is cloud-native through Microsoft Azure,” said Andrew Beatty, Head of Enterprise Banking at FIS. “Teaming with Microsoft allows us to provide a secure, scalable and compliant SaaS solution in the cloud that helps financial institutions adapt to complex and changing regulations in multiple jurisdictions. Deployment via Azure also provides our clients with elasticity, meaning banks can quickly update their infrastructure to adjust to the volume of business. It’s a solution that allows us to offer the same high level of support and operations that we currently provide with the FIS private cloud.”
“We’re pleased to partner with FIS to help more financial institutions modernise their payments and core banking to meet rising customer expectations and drive new value,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “Running on Microsoft Azure, FIS’ Modern Banking Platform delivers a flexible, data-driven solution to deepen customer relationships and roll out products more quickly, while managing risk effectively.”
