Microsoft Corp and Morgan Stanely on Wednesday announced cloud partnership aimed to accelerate digital transformation in financial services. The partnership is intended to focus on developing application infrastructure, accelerating the firm’s cloud and multi cloud strategy and enhance developer experience with cloud-native services.
The companies have planned to unlock the opportunities that Microsoft’s cloud provides with a specific view toward the challenges of financial services and enabling Morgan Stanley to modernise its IT environment to enhance experiences for clients, employee and developers. Morgan Stanley and Microsoft intend to collaborate engineering power of their joint teams to solve challenges with regulated financial services. The latter is said to provide scalable solutions to empower the firm to mange data tasks, growing risk and mean for real-time analytics. It will also provide secure and compliant plaftform data privacy to Morgan Stanley.
“As we co-develop to shape the future of the cloud, Morgan Stanley will share its deep domain knowledge and engineering expertise to address the complexities of a global regulated financial industry and help Microsoft enhance its cloud offering to stay at the forefront of client-centric innovation,” said Rob Rooney, head of technology, operations and firm resilience, Morgan Stanley.
The companies said the scope of the partnership will extend beyond the cloud, will also shape the broader Microsoft product offering and create additional collaboration opportunities in the financial services industry. Among other aspects, the teams will jointly work on enhancing subsequent adoption of Microsoft GitHub, enabling Morgan Stanley to leverage a comprehensive, fully integrated cloud SaaS-based development environment and DevOps toolchain.