They have entered into a three-year partnership
Microsoft and Standard Chartered Bank have collaborated to accelerate the bank’s digital transformation through a cloud-first strategy.
Using Azure, the companies will co-innovate in open banking and real-time payments to help the bank provide new solutions for clients.
Standard Chartered expects its core banking and trading systems along with new digital ventures to be cloud-based by 2025, subject to regulatory approvals. The bank will adopt a cloud-first principle for all new software developments and major enhancements as well.
We’ve reported that Huawei has launched a Digital Payment Cloud Solution to help digital payment service operators build super app centered payment ecosystems.