Buy-Side Technology Awards 2013: Best Cloud Provider to the Buy Side—Microsoft
![microsoft-cloud-bstawards2013 microsoft-cloud-bstawards2013](/sites/default/files/styles/landscape_750_463/public/import/IMG/549/275549/microsoft-cloud-bstawards2013-580x358.jpg.webp?itok=4YE5UQmo)
To accomplish this feat, they’ve turned to partnerships with respected vendors with a buy-side focus, including Equipos, Numerix and Xenomorph. Bruce McKee, financial services industry lead for Microsoft UK, says these pairings are necessary to provide specific value for financial functions.
“You have to run risk management on it, or run some kind of service on it that gives value back, otherwise it’s just a bunch of infrastructure with no particular inherent value,” McKee says. “Anything that’s running over our cloud platform has some kind of application focus to it, whether it’s for a website, risk management, or delivery for clients’ service.”
Microsoft has invested $18 billion into its Azure-based infrastructure, with nine major datacenters currently live and another five under construction.
“Everyone thinks the cloud is a big, amorphous thing where the data just flies around everywhere—that’s really not the case,” McKee says. “Azure is as much about concrete and cabling as it is about anything else. You can see the investment that’s been made.”
Microsoft boasts a deployment saving of 80 percent, in addition to high-volume, data-centric processing, with Equipos (see page 51), one of its partners, churning out 1 million reports in a 12-hour period in the cloud.
This is the second year that this award has been handed out, with Microsoft toppling defending recipient BT for this year’s top honor.
Microsoft Reaction:
“This award reflects the investments Microsoft has made in Azure and our commitment to delivering agile, secure and cost-effective solutions to financial services firms around the globe. Azure enables buy-side firms to focus on their core business, rather than dedicating time and resources to maintaining complex, resource-heavy IT infrastructures. We are delighted that over the past year, by working directly with clients and the regulators in the main financial services jurisdictions, Microsoft has been able to overcome the concerns clients previously had about entrusting their valuable data to a public cloud service. Buy-side firms can now adopt Azure and gain the benefits of cloud computing, namely the flexibility and scale, at a very low cost. This is going to serve clients well as they look to enhance their client service and risk management capabilities while reducing costs within their business.”
—Bruce McKee, UK industry lead for financial services, Microsoft
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Waters Rankings 2024: Best cloud infrastructure provider—IPC Systems
Product/service: Connexus Cloud
Waters Rankings 2024: Best buy-side order management system (OMS) provider—SS&C Technologies
Product/service: Eze OMS
Waters Rankings 2024: Best reconciliation management provider—Duco
Product/service: Duco platform
Waters Rankings 2024: All the winners and why they won
WatersTechnology readers voted to determine the winners in 35 technology and data categories comprising this year’s virtual Waters Rankings.
Waters Rankings 2024: Best reference data provider—Association of National Numbering Agencies (ANNA)
Product/service: ANNA Service Bureau (ASB)
Waters Rankings 2024: Best corporate actions solution provider—SIX
Product/service: Global Corporate Actions service