Microsoft was recently at Sibos, an event facilitated and organized by SWIFT, for the SWIFT community, which creates the stimulus for learning, collaborating, developing new business, defining future strategies and taking collective action that shapes the future of the Financial Services industry. At the event, we caught up with Al-Noor Ramji, Executive Vice President and General Manager for Microsoft partner Misys.
Misys, an application software and services company, has formed a new strategic alliance with Microsoft to deliver the former’s banking and capital markets applications via the Windows Azure cloud platform.
Misys said cloud computing, and specifically Windows Azure, enables banks to move from a capital intensive cost model to one which is based on the consumption of technology.
The scale of the Azure platform allows high volume workloads such as end-of-day processing to be consumed on demand.
The company said that its offering is built on BankFusion technology, which makes it possible to run the offering in the cloud.
Misys EVP and general manager Al-Noor Ramji said by making their offerings available in the cloud, they are enabling their clients to benefit from increased agility with lower TCO and risk, while simultaneously providing them with unprecedented speed and flexibility with access to the latest solutions.
At the event, Al-Noor Ramji took some time out to discuss the role of the CIO as a business leader, innovator, and enabler of growth. This discussion was timely given Steve Ballmer’s announcement of the Global Alliance with Misys to extend financial services applications to the Cloud.
See the video here: http://www.microsoft.com/servers/missioncritical/CIOBlogs.aspx