Australia’s sixth largest financial institution, Financial institution of Queensland Group (BOQ) and Microsoft have right this moment introduced a five-year strategic partnership to speed up the corporate’s cloud-first digital transformation.
The partnership will assist the financial institution to simplify its digital panorama, present extra fashionable and personalised banking companies for patrons, and gasoline additional innovation.
As a part of the settlement Microsoft will grow to be BOQ Group’s most well-liked cloud supplier with the financial institution progressively transitioning its expertise infrastructure and functions to Microsoft Azure by 2025. For BOQ, the transfer to a single cloud surroundings will assist to drive efficiencies and allow better use of automation and different cloud-native capabilities to enhance buyer expertise and expediate time to marketplace for the event of latest options.
As well as, BOQ will grow to be the primary Microsoft Cloud for Monetary Providers buyer in Australia and New Zealand and the 2 firms will check and co-design speciality merchandise for the Australian and New Zealand market.
Microsoft Cloud for Monetary Providers will probably be a key element for realising BOQ’s purpose of delivering extra personalised and intuitive data-driven experiences for its prospects throughout its channels.
Whereas the monetary establishment is presently a number one consumer of Microsoft Azure, Azure information and AI, Microsoft Dynamics 365, Microsoft Energy Platform and Microsoft 365 in Australia, this partnership will broaden that relationship to speed up supply of outcomes offering buyer, and worker worth.
The strategic partnership is constructed on three strategic drivers: establishing foundational capabilities and efficiencies by Azure Cloud, delivering intuitive banking companies utilizing Monetary Providers Cloud, and driving a tradition of innovation.
A crew of Microsoft international and regional executives, supported by US and regionally primarily based engineering groups will associate with BOQ all through its digital transformation.
The 2 firms have been working collectively since 2019, when BOQ deployed Dynamics 365 to optimise its buyer expertise. Microsoft additionally helped strengthen the banking group’s expertise functionality inside its branches and throughout the broader workforce in 2020 by BOQ’s inner Banker X program.
As a part of Banker X, BOQ commenced transitioning its workers to the Microsoft Workplace 365 suite, migrating to a contemporary, managed working working system, and launched new Microsoft Floor and different private computing units throughout its workforce, supporting the most recent capabilities in hybrid working.
Management feedback
BOQ Managing Director and Chief Govt Officer George Frazis joined Microsoft Govt Vice President and Chief Business Officer Judson Althoff in Sydney just lately.
“Our goal is to construct social capital with our prospects and the group, and partnerships are important to attaining this. We’re excited to have such a robust associate in Microsoft to help us in constructing the digital financial institution of the longer term,” Frazis stated.
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