FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform

Rhea-AI Summary

FIS has launched its Modern Banking Platform on Microsoft Azure, facilitating digital banking expansion in the UK, Thailand, and New Zealand. This cloud-native platform enhances cloud security, resiliency, and operational analytics via AI technology, allowing financial institutions to improve product offerings. With 91% of financial entities adopting cloud services, this move aligns with growing market demands.

Andrew Beatty from FIS highlighted the benefits of a scalable SaaS solution, and Bill Borden from Microsoft emphasized modernization to meet rising customer expectations.

Positive

• Launch of FIS Modern Banking Platform on Microsoft Azure expands accessibility.
• Enhancements in cloud security, monitoring, and operational analytics strengthen service offerings.
• AI integration improves product design and deployment efficiency.

Negative

• None.

Key facts:

• FIS Modern Banking Platform is now available on the Microsoft Azure cloud.
• Financial institutions in expanded markets such as the UK, Thailand and New Zealand will benefit from the latest advancements in cloud security, monitoring, resiliency and operational analytics through a fully API-enabled core platform that uses artificial intelligence and component-based architecture.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Financial technology leader FIS^® (NYSE: FIS) announced today that the FIS Modern Banking Platform is now available on the Microsoft Azure cloud platform, expanding digital online banking to financial institutions in markets including the United Kingdom, Thailand and New Zealand. The offering combines the latest advancements in cloud security, monitoring, resiliency and operational analytics with a modern, cloud-native core.

The FIS Modern Banking Platform helps banks design, build and deploy new products and services. Through a platform that’s fully API-enabled, FIS’ real-time solution is cloud-native and provides financial institutions with advanced analytics. Modern Banking Platform uses artificial intelligence and component-based architecture and is built to be highly-configurable while providing next-level security for financial institutions and their customers.

Ninety-one percent of financial institutions use cloud services today or plan to soon according to the Cloud Security Alliance,¹ a number that has doubled over the previous four years.

“We’re incredibly excited for financial institutions in more countries to experience the Modern Banking Platform that is cloud-native through Microsoft Azure,” said Andrew Beatty, Head of Enterprise Banking at FIS. “Teaming with Microsoft allows us to provide a secure, scalable and compliant SaaS solution in the cloud that helps financial institutions adapt to complex and changing regulations in multiple jurisdictions. Deployment via Azure also provides our clients with elasticity, meaning banks can quickly update their infrastructure to adjust to the volume of business. It’s a solution that allows us to offer the same high level of support and operations that we currently provide with the FIS private cloud.”

“We’re pleased to partner with FIS to help more financial institutions modernize their payments and core banking to meet rising customer expectations and drive new value,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft. “Running on Microsoft Azure, FIS’ Modern Banking Platform delivers a flexible, data-driven solution to deepen customer relationships and roll out products more quickly, while managing risk effectively.”

In 2021, Microsoft expanded its payments relationship with Worldpay from FIS in Latin America to allow payment processing in the Americas, Europe and Asia Pacific.

Watch a video and learn more about the FIS Modern Banking Platform.

About FIS

FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500^® and the Standard & Poor’s 500^® Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn and Twitter (@FISGlobal).

¹ Cloud Usage in the Financial Service Sector

View source version on businesswire.com: https://www.businesswire.com/news/home/20220419005105/en/

Kim Snider, 904.438.6278

Senior Vice President

FIS Global Marketing and Communications

kim.snider@fisglobal.com

Source: Fidelity National Information Services

FAQ

What is the significance of the FIS Modern Banking Platform launch?

The launch on Microsoft Azure enhances the accessibility of digital banking services for financial institutions in the UK, Thailand, and New Zealand.

How does FIS's partnership with Microsoft benefit financial institutions?

It provides a secure, scalable SaaS solution that helps adapt to changing regulations and enhances cloud security and operational analytics.

What percentage of financial institutions are using cloud services?

According to the Cloud Security Alliance, 91% of financial institutions currently use or plan to use cloud services.

What are the main features of the FIS Modern Banking Platform?

The platform is cloud-native, fully API-enabled, and incorporates AI for advanced analytics, improving product development for financial institutions.