{"id":111352,"date":"2023-09-05T08:00:00","date_gmt":"2023-09-05T15:00:00","guid":{"rendered":""},"modified":"2023-10-05T06:20:33","modified_gmt":"2023-10-05T13:20:33","slug":"microsoft-at-sibos-2023-showcasing-microsoft-cloud-for-financial-services","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/industry\/blog\/financial-services\/2023\/09\/05\/microsoft-at-sibos-2023-showcasing-microsoft-cloud-for-financial-services\/","title":{"rendered":"Microsoft at Sibos 2023: Showcasing Microsoft Cloud for Financial Services"},"content":{"rendered":"\n

For financial services professionals who attended the Sibos 2023 conference<\/a> on September 18 to 21, 2023, in Toronto, Microsoft was delighted to showcase innovation in AI, share our insights and learning, and highlight the progress of our partners and customers. Some attendees may have found it hard to believe that it has not even been two years since Microsoft Cloud for Financial Services arrived in the marketplace. We\u2019ve come a long way in a short time.<\/p>\n\n\n\n

From the start, financial services organizations responded positively to our cloud offering, which is designed to help them unlock business value and deepen customer relationships. Built on the broad and integrated capabilities of the Microsoft Cloud, we provide a unique set of industry-specific solutions, components, and AI models that are optimized to ease interoperability and unify data. Solutions built on our cloud have helped financial services organizations improve employee productivity, operational efficiency, and customer experience, all while maintaining security and compliance.<\/p>\n\n\n\n

Customer interest soared after November 2022, when the era of generative AI<\/a> began with OpenAI\u2019s release of ChatGPT and, soon after, the availability of Azure OpenAI Service<\/a>. And in the past six months, many of our customers have taken promising early steps to start harnessing the power of generative AI to transform their operations and value propositions. This will be central to our participation at Sibos.<\/p>\n\n\n\n

Microsoft at Sibos: A focus on payments in the era of AI<\/h2>\n\n\n\n

Sibos is a key event that brings together industry executives, decision makers, and thought leaders to debate and collaborate on areas such as payments, securities, cash management, and trade. The theme at this year\u2019s event, \u201cCollaborative finance in a fragmented world,\u201d resonates with the work we\u2019re doing across the industry, as it touches on inclusion, risk management, sustainability, and the balance of technology and trust.<\/p>\n\n\n\n

Our focus at Sibos was the future of payments in the era of AI. Beyond a complete set of sessions and presentations from experts across our business, we will demonstrate how the latest AI innovations of the Microsoft Cloud<\/a>, together with solutions from our global partner community, can help commercial and corporate banking customers build new solutions and find new efficiencies.<\/p>\n\n\n\n

Among our innovations, we demonstrated an integrated copilot experience for asset management as a new user journey across analytics, workplace services, and data intelligence. We also illustrated the power of AI with new workflow approaches that leverage Microsoft Teams, Microsoft Power BI, and our data solutions.<\/p>\n\n\n\n

Partner innovation is central to our cloud<\/h2>\n\n\n\n

We were especially proud to showcase the contributions of our growing Microsoft partner ecosystem at Sibos. Our global partners comprise a unique community of leading technology providers who help banks, capital markets firms, insurance providers, investment firms, and other organizations efficiently engage as an ecosystem to create products and services, solve specific business problems, and achieve their business goals.<\/p>\n\n\n\n

Our strategic partners build solutions on Microsoft Cloud for Financial Services that accelerate the delivery of value to customers. We partner with independent software vendors (ISVs) such as ASC Technologies<\/a>, Backbase<\/a>, Finastra<\/a>, LSEG<\/a>, Moody’s<\/a>, and Symphony AI<\/a>, as well as global systems integrators (GSIs) like Accenture\/Avanade<\/a>, EY<\/a>, and PwC<\/a>, to create, implement, and enhance solutions that are tailored to the unique needs and requirements of financial services organizations.<\/p>\n\n\n\n

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“Our LSEG-Microsoft partnership will innovate in a way that will have a significant impact, disrupt the status quo, and make a real difference to the way our financial services customers discover data, create models, make informed decisions, and create unique insights.\u201d<\/em><\/p>\n\u2014Satvinder Singh, Group Head of Data and Analytics, LSEG.<\/cite><\/blockquote>\n\n\n\n

During the conference, there were exciting announcements regarding generative AI investments from Intellect Design<\/a> and Trade Ledger<\/a> that will provide deeper insights into our joint efforts.<\/p>\n\n\n\n

Microsoft at Sibos 2023<\/h2>\n\n\n\n