Microsoft Azure Cloud Platform to Host FIS’ Modern Banking Platform

Microsoft Azure Cloud Platform to Host FIS’ Modern Banking Platform
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FIS, a leader in financial technology has declared the availability of the FIS Modern Banking Platform on the Microsoft Azure cloud platform, for increasing digital online banking in markets of the UK, Thailand, and New Zealand. This will include the recent developments in cloud security monitoring, operational analytics, and resiliency along with an advanced, cloud-native core.

Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft, commented, “We’re pleased to partner with FIS to help more financial institutions modernize their payments and core banking to meet rising customer expectations and drive new value. 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.”

The FIS Modern Banking Platform enables banks to create and implement new products and services. Using an automated API-enabled platform, FIS’s real-time solution is cloud-native and offers financial organizations with sophisticated analytics. This platform employs artificial intelligence and component-based infrastructure and is developed to be extremely configurable whilst offering next-level security for financial organizations and their consumers.

Andrew Beatty, Head of Enterprise Banking, FIS, stated, “We’re incredibly excited for financial institutions in more countries to experience the Modern Banking Platform that is cloud-native through Microsoft Azure. 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.”


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