The new model of Microsoft’s centralized branding solutions now covers financial services, manufacturing, and non-profit industries.
Each cloud offerings incorporates Microsoft tools and capabilities, including a market-specific data model, industry standards support, and products using Microsoft 365, Dynamic 365, Power Platform, Azure Services, and security solutions.
Microsoft Cloud for Financial Services
- Microsoft Cloud for Financial Services: It promotes industry standards and multi-layered coverage for protection and enforcement. It provides retail banks with tools to strengthen customer relations and defend against fraud. In March 2021, a new lender loan manager is expected and aims to simplify and clear loan closings.
- Microsoft Cloud for Manufacturing: In June 2021, it will publish a preview and endorse “key processes and specifications.” The offering includes automation, IoT, machine learning, and AI-related software and services from Microsoft. According to Microsoft VP Çagan Arkan, the OSC Foundation and the digital Twins Consortium also support ‘industry-specific standards and communities.’
Microsoft Cloud for Nonprofit: It will go into public preview in June 2021, following a slew of recent announcements such as the Dynamics 365 Fundraising and Engagement solution, a Charitable Management Toolkit, and the Dynamics 365 Nonprofit Accelerator. Another method, Volunteer Participation, and Management will be introduced to this offering in June and available in public preview.
Onboarding, servicing, and support
Digital networks have created anticipation of a smooth commitment to a worldwide health crisis, hoping that new goods and services can quickly adapt to new circumstances.
For instance, ABN AMRO is already beginning to improve customer experiences via digital channels. Microsoft Teams are used to improve the site and online client’s experience, enabling the clients and consulting applications in the teams setting to be accessible on a single stage for video banking, document sharing, and digital signature.
The new Microsoft Cloud for Financial Services will help you create customized user experiences, for example:
- Customer onboarding
- Banking customer engagement
- Loan Manager
Financial services institutions must be agile, data-centric, and modernization of old systems must be competitive in today’s climatic situation. This modernization will also help drive new products and services to better support data-centred needs and the users’ experience in a very competitive market, where Nonbanks are also expanding their Fintech innovation. Microsoft Cloud for Financial Services will help you modernize older batch-based core systems so that they run flexibly and in real-time, using the data-driven formats, and embrace new models like open banking and regulatory requirements using your APIs.
Since the nature of fraud and financial crime is always shifting, it’s crucial to find outliers earlier rather than later to adapt to emerging criminal topologies and protect financial institutions and their customers. Furthermore, several banks continuously update their portfolios to mitigate risk, including reducing operating risk and compliance with regulatory requirements. Financial services companies that excel at data processing would be well on their way to better risk management, which they can leverage as a competitive advantage.
In this area, you can get the abilities:
- Financial crime protection
- Risk analytics
How can DFSM help?
The prices may vary as the need of the cloud; however, you can always get consultancy and implementation advice from the DFSM. Our team is a certified Microsoft partner still there to ensure that you choose and implement the right solutions within your organization.