- To accelerate Morgan Stanley's digital transformation, the firm partnered up with Microsoft.
- This initiative will enable Morgan Stanley to boost the modernization of its IT environment.
- The collaboration mainly focuses on developing and co-designing new application infrastructure.
- They will also enhance the employee and developer experience by building innovative solutions, with cloud-native services, for faster implementation of apps.
Morgan Stanley and Microsoft announced an interesting cloud partnership earlier today, that is mainly aimed at accelerating the firm’s digital transformation, as well as the future of innovation in the financial services industry.
The two giants will build a collaboration to unlock the opportunities that Microsoft’s cloud provides, with a more concentrated and niche view toward the challenges of financial services.
This initiative will therefore enable Morgan Stanley to boost the modernization of its IT environment, in order to enhance client, employee, and developer experiences.
Microsoft will help boost cyber security
As we all know, the financial services industry is in a constant battle to satisfy evolving customer needs, as well as dynamic markets, a complex regulatory landscape, and especially increasing cyber threats.
This partnership could also be the result of the increased number of malicious cyberattacks that have been registered lately, attributed to the Nobelium hacker group.
Achieving such feats, of course, requires secure and upgradable solutions that can empower businesses, and clients altogether, to better manage complex data tasks and growing risks.
Big innovation plans for the future
So, basically, with these two companies joining forces, the engineering power of Microsoft Azure, along with Morgan Stanley’s Technology teams, important changes and solutions are bound to quickly arise.
Microsoft will help Morgan Stanley with a secure and compliant platform. with data privacy at the center. that will fuel the firm’s cloud transformation and scale across natively integrated platforms to dramatically improve developer experience to drive innovation.
During the period in which the two companies will collaborate, the main goals that whey will be focusing on are:
- Developing and co-designing new application infrastructure meeting the key requirements for financial services and informing product innovations including for Microsoft Cloud for Financial Services, bringing together common data models, cross-cloud connectors, workflows, APIs, and financial industry-specific components and standards.
- Accelerating Morgan Stanley’s digital transformation aligned with the firm’s cloud- first and multi-cloud strategy, resulting in a modern, more flexible and scalable environment with the transition of workloads onto Microsoft Azure; improved employee experience with Microsoft 365 and collaboration tools; higher developer effectiveness and innovation power with cloud-native services; and better service, insights and connectivity to clients.
- Enhancing the employee and developer experience by building innovative solutions with cloud-native services for faster implementation of apps. The companies’ engineers will also collaborate on requirements and capabilities across the latest technology to drive client- and business-centric innovation in financial services in faster and more flexible ways by leveraging Morgan Stanley’s deep engineering and domain expertise.
This is an interesting outcome of the needs that big companies are having in this ever-hazardous online era.
Not totally unexpected, but all in all a logical solution for Morgan Stanley, considering Microsoft is a world-class tech company, and an obvious choice when it comes to these matters.
What is your opinion on this partnership’s potential? Tell us all about it in the comments section below.