Finastra has placed a suite of its payment solutions on the Microsoft Azure cloud. The partnership extends Finastra’s cloud-based lending solution launched on the platform in 2016.

The deal means that the vendor will be able to “optimise existing business processes and functions” and “expedite development”.

“This collaboration allows us to change how we deliver software to our customers and partners in a fundamental way,” said Nadeem Syed, CEO, Finastra.

“It will enable us to bring new products to market faster and more frequently, with stability and with the highest levels of data security for which Microsoft is known. It also allows us to take a significant step forward in the creation of a platform for innovation and collaboration in financial services.”

Janet Lewis, vice president of worldwide financial services at Microsoft, added: “It is inspiring to work with leaders like Finastra who are helping to benefit our mutual customers in the financial services industry. By using the Microsoft Azure cloud platform, Finastra will optimise its payments solutions and ultimately better serve its customers – all while ensuring its specific security, privacy and compliance needs are met.”

by Alex Hamilton
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