{"id":2558,"date":"2021-10-26T16:40:01","date_gmt":"2021-10-26T16:40:01","guid":{"rendered":"https:\/\/frankbuysphilly.com\/what-microsofts-new-cloud-platform-means-for-mortgage\/"},"modified":"2021-10-26T16:40:01","modified_gmt":"2021-10-26T16:40:01","slug":"what-microsofts-new-cloud-platform-means-for-mortgage","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/what-microsofts-new-cloud-platform-means-for-mortgage\/","title":{"rendered":"What Microsoft\u2019s new cloud platform means for mortgage"},"content":{"rendered":"


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\"HW-Bill-Borden\"
Bill Borden, corporate vice president of worldwide financial services at Microsoft<\/figcaption><\/figure>\n<\/div>\n

Tech giant Microsoft<\/strong> plans to launch a new cloud-computing offering targeting the financial-services market on Nov. 1 as part of an effort to further bolster its fast-expanding cloud business. The secondary market<\/a> may want to take note.<\/p>\n

The Microsoft Cloud for Financial Services<\/a> has been operating in a preview mode since March, with lenders like Navy Federal Credit Union<\/strong> and Virgin Money UK<\/strong> among the first financial institutions to take it for a test drive, according to a company blog<\/a>. But Microsoft already has an impressive array of financial services companies as clients in the cloud-computing space, including Morgan Stanley<\/strong><\/a>, Standard Chartered Bank<\/strong><\/a>, BNY Mellon<\/strong><\/a>, Franklin Templeton<\/strong><\/a> and Fannie Mae<\/strong>.<\/a><\/p>\n

\u201cMicrosoft\u2019s Azure [cloud-computing product] has been steadily gaining market traction for quite some time now, but Amazon<\/strong>\u2019s cloud computing arm, Amazon Web Services, leads the cloud-computing space, which is a major headwind,\u201d states a recent research report by Zacks Investment Research<\/strong>. \u201c\u2026 [Microsoft\u2019s] Intelligent Cloud segment, which includes server, and enterprise products and services, contributed 37.6% to total revenues. The segment reported revenues of $17.375 billion, up 30% year over year [for the company\u2019s fourth quarter ended June 30<\/a>].\u201d<\/p>\n

Amazon, too, has a cloud segment dedicated to the financial services industry. Still, Microsoft\u2019s pending entry into that market with industry-dedicated cloud offerings promises to ratchet up the competition for clients who are seeking out digital and automation services in a fast-evolving market. <\/p>\n

Microsoft also has lined up a host of partners that will be offering services and products through the financial-services cloud platform. Among them are<\/a> accounting and consulting giants KPMG<\/strong>, EY<\/strong> and PwC<\/strong> as well as a host of independent software service and product providers \u2014 such as digital-lending platform Mortgage365<\/strong><\/a>, financial-software solutions platform Finastra<\/a><\/strong> and the financial-data solutions fintech BaseCap Analystics<\/a>.<\/p>\n

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    The post What Microsoft’s new cloud platform means for mortgage<\/a> appeared first on HousingWire<\/a>.<\/p>\n


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    Bill Borden, corporate vice president of worldwide financial services at Microsoft Tech giant Microsoft plans to launch a new cloud-computing offering targeting the financial-services market on Nov. 1 as part of an effort to further bolster its fast-expanding cloud business. The secondary market may want to take note. The Microsoft Cloud for Financial Services has […]<\/p>\n","protected":false},"author":2,"featured_media":2559,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,1],"tags":[],"_links":{"self":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/2558"}],"collection":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/comments?post=2558"}],"version-history":[{"count":0,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/posts\/2558\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media\/2559"}],"wp:attachment":[{"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/media?parent=2558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/categories?post=2558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frankbuysphilly.com\/wp-json\/wp\/v2\/tags?post=2558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}