Misys and Microsoft Collaborate to Extend Financial Services Applications to the Cloud

Misys, a global application software and services company, has announced a new strategic alliance with Microsoft Corp. to deliver Misys' banking and capital markets applications via the Windows Azure cloud platform. This collaboration enables financial institutions to maximize the return on their IT investment and deliver innovative services to their customers more rapidly.

Key Takeaways:

• The alliance between Misys and Microsoft will provide financial institutions with the choice and flexibility they need to maximize the return on their IT investment and deliver innovative services to their customers more rapidly.
• The collaboration will deliver Misys' banking and capital markets applications via the Windows Azure cloud platform, enabling banks to move from a capital-intensive cost model to one based on the consumption of technology.
• Financial institutions will no longer need to over-order computing resources, as the Azure platform allows high-volume workloads such as end-of-day processing to be consumed on demand.
• Misys and Microsoft have successfully deployed instances of the Misys BankFusion Universal Banking solution to the Windows Azure platform.
• Both companies have received significant interest from banks looking to reduce complexity and operational risks by running their banking systems in the cloud.
• The collaboration enables banks to concentrate on the business of banking, while reducing costs and operational risks.
• The initiative will bring a unique value proposition to the sector, combining enterprise cloud computing expertise with industry-leading solutions from Misys.
• Financial institutions must seek to improve operations while managing costs closely, and the emerging approaches in cloud computing offer opportunities to leverage scale and compete effectively.

Statistics:

• Over 1,200 customers worldwide, including all of the world's top 50 banks, currently use Misys' solutions.
• Misys employs around 3,500 people who serve customers in more than 120 countries.
• The Azure platform allows high-volume workloads such as end-of-day processing to be consumed on demand.
• Financial institutions typically depend on a multitude of applications and systems that are expensive to operate, with complex data centre and support structures.
• Cloud computing, and specifically Windows Azure, enables banks to move from a capital-intensive cost model to one based on the consumption of technology.

Sources:

• PRNewswire-AsiaNet: "Misys Collaborates With Microsoft to Extend Financial Services Applications to the Cloud on the Windows Azure Platform"
• Microsoft Corp.
• Misys plc
• TowerGroup
• Rodney Nelsestuen, Senior Research Director, TowerGroup
• Mike Lawrie, Chief Executive of Misys