As part of the agreement, Microsoft Azure will underpin FusionFabric cloud as Finastra’s cloud platform and launch a selection of its global payments and retail banking products on Azure over the course of 2018.
Finastra has been offering services for a number of years and will continue to help customers deploy solutions on-premises, in a hosted environment, and in the cloud – depending on customer preference. Finastra has already moved its US payments line to Azure.
Microsoft is seeing a strong cloud adoption from the financial services industry, with more than 80% of the large banks and more than 85% of the global systemically important financial institutions using Azure.
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