Summary: Microsoft revealed details of how some financial service customers are using Azure, and also disclosed that State Bank of India and Emirates NBD are Office 365 customers.
UBS: Powering its risk management platform with Azure is claimed to have sped up calculation times by 100%, saved 40% in infrastructure costs and gained ‘nearly infinite’ scale within minutes.
Société Générale: Using Azure high-performance compute (HPC) capabilities to power a critical front-office function, the credit value adjustment (CVA) intraday calculation.
Crédito Agricola: Using Azure for open banking capabilities such as API management gateway, security and identity, as well as analytics and insights.
TD Bank: Using Azure and data platform services for customer service.
Sumitomo Mitsui Banking Corporation: Using Azure and Office 365, as well as Microsoft Cognitive Toolkit and AI services for an interactive automatic response system for customer services.
Singapore: The Monetary Authority of Singapore and the Association of Banks in Singapore are using Azure to explore the use of blockchain for clearing and settlement of payments and securities.
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