This offering combines APIs, security and compliance for banks and other financial institutions. According to Microsoft, retail banks use this cloud service to create a 360-degree view of the customer with greater insight to determine the next best action. 

A feature called Loan Manager makes it possible to close loans faster by streamlining workflows and increasing transparency through automation. 

Loan Manager helps banks automate lending processes, foster internal collaboration and facilitate omnichannel communications with customers enhancing organization and employee productivity, unlock value creation, reduce risk, and enhance customer experience.

Microsoft announced that a public preview of this cloud will start in March and that ABN AMRO and Manulife are already using some of the functionality.

To get started on your digital transformation journey right away, download this infographic and learn how the cloud is driving digital transformation in financial services. 

Download the infographic

#DigitalTransformation

Source: Microsoft