Microsoft is looking for a share of the financial services industry's wallets, talking up new features and a"compliance" program for its industry cloud in the run-up to next week's Ignite 2022 show.
The goal is to"equip every financial organization with the digital capability required to succeed in today's challenging economic and regulatory environments," Bill Borden, corporate vice president of worldwide financial services at Microsoft, wrote in aBorden pointed to an IDC survey of CEOs released this year that found 41.1 percent of those in the financial services industry are pushing to speed up the delivery of digital financial services as well as the shift to the cloud.
The financial services-focused cloud is part of Microsoft's growing list of Industry Cloud offerings, which kicked off in 2020 with the launch of Microsoft Cloud for Healthcare.The global cloud infrastructure provider space is very lucrative, with spending in the second quarter grow to almost. Microsoft remains in the number two spot with about 22 percent of the market, behind AWS at 34 percent. Microsoft is looking to grow enterprise adoption of Azure as one way to close the gap.
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