Last week at SIBOS 2010 in Amsterdam, Misys announced a new strategic alliance with Microsoft that will deliver Misys’ banking and capital markets applications via the Windows Azure platform.  

As Steve Ballmer, chief executive officer of Microsoft, notes in a video interview discussing the announcement, this collaboration is significant because, “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… both companies have received significant interest from banks looking to reduce complexity and operational risks by running their banking systems in the cloud.”

You can read the announcement and watch Steve’s video interview here.

Misys Chief Executive Mike Lawrie believes this is an innovative step forward for the financial services industry. His filmed comments can be viewed here.

Tweet