Microsoft and Infosys together to offer Finacle on Azure

Microsoft has confirmed an expansion to its paternship with Infosys. As part of this collaboration, the Finacle suite of solutions will be available on Microsoft Azure. This offering will allow banks to utilize Finacle along with the robust capabilities of Azure, enabling them to operate at lower costs and with greater agility.

Michael Reh, senior vice-president and global head, Finacle, Infosys, said, “The adoption of cloud in the banking sector has been relatively slow due to rising concerns about security, reliability and compliance. Banks are seeking opportunities to flexibly design their cloud deployment strategies so that they can cater to the increasing load of transactions from digital natives, while reducing technology management costs. Finacle on Azure will offer significant flexibility to banks to design their cloud approach. With Azure running on a network of Microsoft-managed data centers across 19 regions and Finacle’s experience of delivering solutions across 84 countries, banks across the globe can enjoy the benefits of this partnership.”

Through this partnership, banks of all sizes across the globe can leverage Finacle on the cloud. It will help Finacle’s clients reduce infrastructure and technology management costs, and gain flexibility to scale operations rapidly.

Banks can design their journey to the cloud with a variety of flexible deployment options. They can also choose to use Azure as a production environment or for development and testing purposes. They can also leverage hybrid models to process peak loads by utilizing “cloud bursting” techniques, while continuing to run routine operations on an in-house environment.

Banks can now pay only for the resources consumed, thereby reducing their capital and operational expenditure. With cloud deployments, banks can also leverage new innovations from Finacle on an ongoing basis, and minimize the costs and efforts of implementation.

Karen Cone, general manager, Worldwide Financial Services, Microsoft , said, “The cloud in financial services is game-changing in providing the industry with unprecedented opportunities to operate at lower costs with greater agility. Microsoft is, therefore, delighted to announce an extension to its partnership with Infosys. With the Finacle suite of solutions on Azure, we will support financial institutions in opening doors to a new era of agility and innovation in a security-enhanced environment, while impactfully shrinking their IT infrastructure costs.”