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Deutsche Borse & Microsoft strive for cloud service adoption in EU

Christoph Böhm, Deutsche Börse AG & Sabine Bendiek, Microsoft Germany

Deutsche Borse and Microsoft have announced an agreement regarding a contract for the adoption of cloud services in the financial services industry. The new agreement facilitates the establishment of new contract standards in the EU financial services sector and will be instrumental in the launch of regulated workload on Microsoft cloud services in Europe.

“Cloud is a main driver for innovation and has the potential to reshape the financial services industry. As a key technology, cloud lays the foundation for enabling major initiatives that support Deutsche Börse Group’s Roadmap 2020,” said Christoph Böhm, member of the Executive Board of Deutsche Börse AG. “Together with Microsoft as a strong partner, we are very much looking forward to accelerating cloud adoption, for us as a company and for our clients”.

According to the supplier, the contract addresses regulatory issues such as adherence to national and EU regulations and will enable Deutsche Borse to react dynamically to the changing businesses and consumer demands. Microsoft’s public cloud environment will allow faster implementation of new functionalities, improve efficiency by further automating the provisioning of infrastructure and services, and deploy a state-of-the-art cloud-based office solution.

“As a platform provider, Microsoft is committed to supporting our partner Deutsche Börse in achieving their growth ambitions. This means understanding the market they are in and helping them to overcome the specific challenges of their industry,” said Sabine Bendiek, Managing Director of Microsoft Germany. “This step by Deutsche Börse is an important signal for cloud adoption in the entire financial industry and other industries with regulated workloads. With our joint approach, Deutsche Börse and Microsoft enable all companies in the European financial market to make full use of cloud services.”

Deutsche Börse will use Microsoft cloud services, including the cloud platform Azure as well as Microsoft 365, the cloud offering for office and collaboration tools.

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