June’s live Cloud Wars Expo event featured dozens of industry leaders allowing the Acceleration Economy team access to the inner workings of the greatest growth market the world has ever known.
In this News Desk interview, Principal Analyst Aaron Back welcomes Microsoft Senior Director of Product Strategy Lindsay Berg for a discussion on applying Microsoft cloud infrastructure to the highly regulated financial services industry.
Highlights
00:01 — Aaron introduces today’s guest, Microsoft’s Lindsay Berg, to discuss the challenges financial services are presently facing.
01:40 — The task of modernization and digital transformation can feel monumental to regulated industries. Regulation makes businesses hesitant to make any changes.
02:17 — Berg explains how modern purpose-built cloud solutions revolve around the question: How am I going to see value?
03:45 — Aiding banks with their backend mortgage workflow was among the first of Microsoft’s purpose-built solutions. Promising to streamline general workflows doesn’t inspire as much confidence as demonstrating industry knowledge through specific applications.
05:50 — The Microsoft cloud for sustainability will better help customers track data. There aren’t yet clear global standards, rules, and regulations guiding sustainability.
07:33 — Managing risk will prove difficult for insurance companies moving forward. How will risk assessment change with more widely available climate data?
08:48 — Highly sensitive data requires a detailed plan to handle cyber threats. Financial services customers are generally more data-oriented and informed in regards to data security and risk assessment. Berg explains Microsoft Sentinel.
10:50 — The Microsoft Power Platform enables tech and citizen developers to engineer secure applications that meet the standards of the financial services industry.
12:34 — Building on Azure guarantees a high measure of security among a large pool of collaborating developers.
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