SUNTEC XELERATES WITH MICROSOFT AZURE, CREATES A NEW IT VISION FOR THE FINANCIAL SERVICES INDUSTRY

Banks on the Public Cloud now have freedom to deliver world-class value for customers

SunTec, whose technology powers the financial services and is delivered to over 300 million consumers worldwide, today announced the successful validation, verification and deployment of the Xelerate on Demand Service (XoDS) on Microsoft Azure. The verification process began in March 2017 and completed in July 2017.

Banks using Public Cloud services can now deploy the Xelerate on Microsoft Azure, thus taking advantage of increased compute power and application development tools. SunTec is partnering with leading Public Cloud vendors to put banks firmly at the forefront of their customers’ financial management options. Banks can completely move infrastructure into the Public Cloud and be assured their data will be protected around the clock.

The key benefits of using XoDS are:

Customer value redefined – XoDS delivers one complete view of each individual customer. XoDS can be quickly deployed and be connected with third-party technologies such as Machine Learning in a very short time.

IT evolves into profit centres – XoDS significantly reduces a bank’s Total Cost of Ownership (TCO) on the IT infrastructure by paying for what they use. Computing resources are measured at a granular level, allowing users to pay only for the workloads they use. This means resources can be reallocated to build new services based on customer demands.

Truly powerful computing – Microsoft Azure gives banks more computing power to use compared with internal datacenters. More compute enables more scope to use emerging technologies such as Chatbots and Containers. XoDS helps banks scale up as computing needs increase and then scale down again as demands decrease.

Nanda Kumar, SunTec Founder and CEO, said: “We want every bank to have the freedom to use any Public Cloud that they want. The XoDS service delivered with Microsoft allows banks the chance to experiment with IT and test new technologies requested by their customers. The team at SunTec is delighted with the introduction of XoDS and our new partner Microsoft. Our vision is to lead our Financial Services customers on their journey to deliver world-class customer experiences.”

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