Misys and Microsoft Launch Financial Services Applications in the Cloud
Misys, an application software and services company, and Microsoft have teamed up to deliver Misys’ banking and capital markets applications via the Windows Azure cloud platform. The technical collaboration with Microsoft will provide financial institutions with the choice and flexibility they need to maximise the return on their IT investment and deliver innovative services to their customers more rapidly.
Misys and Microsoft have successfully deployed instances of the Misys BankFusion Universal Banking solution to the Windows Azure platform. The Misys solution is built on state-of-the-art technology, which adheres to a rigorous set of standards but is unconstrained by proprietary infrastructure, which makes it possible to run the solution in the cloud. Both companies have received significant interest from banks looking to reduce complexity and operational risks by running their banking systems in the cloud.
“The combination of BankFusion, the most advanced financial services platform on the market today, and the innovative Windows Azure cloud computing infrastructure is world-beating,” said Al-Noor Ramji, executive vice president (EVP) and general manager, Misys. “New banking solutions must reduce operational costs. By making our solutions available in the cloud, we are enabling our clients to benefit from increased agility with lower TCO [total cost of ownership] and risk, while simultaneously providing them with unprecedented speed and flexibility with access to the latest solutions. The initiative lets banks concentrate once again on the business of banking.”