FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform
Key facts:
- FIS Modern Banking Platform is now available on the Microsoft Azure cloud.
- Financial institutions in expanded markets such as the UK, Thailand and New Zealand will benefit from the latest advancements in cloud security, monitoring, resiliency and operational analytics through a fully API-enabled core platform that uses artificial intelligence and component-based architecture.
JACKSONVILLE, Fla.–(BUSINESS WIRE)–Financial technology leader FIS® (NYSE: FIS) announced today that the FIS Modern Banking Platform is now available on the Microsoft Azure cloud platform, expanding digital online banking to financial institutions in markets including the United Kingdom, Thailand and New Zealand. The offering combines the latest advancements in cloud security, monitoring, resiliency and operational analytics with a modern, cloud-native core.
The FIS Modern Banking Platform helps banks design, build and deploy new products and services. Through a platform that’s fully API-enabled, FIS’ real-time solution is cloud-native and provides financial institutions with advanced analytics. Modern Banking Platform uses artificial intelligence and component-based architecture and is built to be highly-configurable while providing next-level security for financial institutions and their customers.
Ninety-one percent of financial institutions use cloud services today or plan to soon according to the Cloud Security Alliance,1 a number that has doubled over the previous four years.
“We’re incredibly excited for financial institutions in more countries to experience the Modern Banking Platform that is cloud-native through Microsoft Azure,” said Andrew Beatty, Head of Enterprise Banking at FIS. “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.”
“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,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “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.”
In 2021, Microsoft expanded its payments relationship with Worldpay from FIS in Latin America to allow payment processing in the Americas, Europe and Asia Pacific.
Watch a video and learn more about the FIS Modern Banking Platform.
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).
1 Cloud Usage in the Financial Service Sector
Contacts
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
[email protected]
