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Microsoft touts cloud as UBS moves risk platform to Azure

Published 04/26/2017, 06:00 PM
Updated 04/26/2017, 06:00 PM
© Reuters.  Microsoft touts cloud as UBS moves risk platform to Azure
  • Microsoft (NASDAQ:MSFT) says that top wealth manager UBS has moved its risk management platform to the Azure cloud.
  • Key to drawing a financial services giant, Microsoft says, was its focus on regulatory compliance. More than 80% of the world's largest banks, and more than 75% of global systemically important financial institutions, use Azure for cloud service.
  • CIOs expect to shift 21% of applications to a public cloud this year, and 46% by 2020, according to a report from Morgan Stanley (NYSE:MS).
  • Maersk and Geico are also using the Azure cloud for the first time, and Hershey Co. has expanded its presence there, Microsoft said.
  • The risk platform is the "first step," Microsoft says, as "UBS is actively partnering with Microsoft for opportunities to move more business applications to the Azure cloud."
  • Now read: Microsoft: An Office Education


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