Finastra and Microsoft have formed a strategic alliance to deliver financial services cloud solutions. As part of the alliance, the Microsoft Azure cloud platform will underpin FusionFabric.cloud as Finastra’s strategic cloud platform. In addition, Finastra will launch a selection of its global payments and retail banking products on Azure over the course of this year.
Finastra says the move means it will be able to deploy intelligent, value-added services to clients more efficiently, including new products and upgrades. This alliance demonstrates the company’s dedication to continuously improving its cloud services and open platform offering. Finastra has already moved its US payments line to Azure, and more business lines will follow over the next 12 months.