Perhaps no one has a keener understanding of the need for mission-critical applications than the attendees of Sibos, one the world’s largest gatherings of financial services executives, being held this year in Toronto. In fact, Microsoft has a significant presence at Sibos, where we’re showcasing our long-term commitment to support mission-critical operations in the financial services industry.
We’re joining our community of partners to highlight how, together, we’re delivering exceptional business value in enabling customers to deploy and manage mission-critical solutions on our platforms. We have a number of partners with exciting demonstrations in our booth, including CashFac, Profitstars, Luup, Peterevans, Temenos, OpenText and, Cloud Trading Technologies operating in the areas of payments, cash management and securities.
For example, we have announced that our platform powers mission-critical operations in the financial services industry worldwide. A growing number of our financial services customers – including Skandinavisk Data Center (SDC), Saxo Bank, and Nationwide Building Society -- are benefiting from significant gains in agility, operational efficiency and cost savings by moving to the high-performance Windows Server operating system and SQL Server database.
Our customers have not only reduced the cost of running their core processes but also realized substantial benefits by making these core processes part of a dynamic IT infrastructure that enables them to understand and serve customers better, bring new products to market more quickly, continuously improve operations, and collaborate with an evolving set of partners in their global value chains.
To further demonstrate our market leadership in financial services, we also have announced our successful collaboration with Bank of America Merrill Lynch, Citi and SWIFT in setting a higher standard regarding how corporate treasuries connect to banks. The use of the common standard opens up tremendous benefits for all parties involved. For example, the reduction in current shortcomings such as maintaining multiple customized pipes, fewer processing errors thanks to consistent formatting standards, and the flexibility to support extended, more complex messages versus the fixed format of yesterday means that both my team and our banking partners are spending less time on maintenance and more on higher value add analysis leading to higher impact and deeper relationships.
As a result, our treasury and other corporations worldwide can achieve a number of major benefits, including operational efficiencies and risk mitigation, cost savings, significant risk reduction and improved efficiency and productivity on a highly cost-effective and agile platform on which they can build a future generation of mission-critical capabilities.
As these announcements and our presence at Sibos this year show, our mission is to enable the success of our financial industry customers by working with partners to deliver industry solutions that attract and retain customers, improve profitability and accelerate business growth.
Our customers are testament to our commitment to delivering a solid foundation for mission-critical workloads, with the dependability, performance and flexibility required to achieve sustainablecompetitive advantage in today’s financial services industry.
For more information, please visit: www.sibos.com