Finzsoft Solutions announced Thursday a five-year cloud agreement to move its core and vertical banking applications to the IBM cloud, including its Sovereign application.
The agreement to host Finzsoft core and vertical banking applications in the IBM cloud data centers in Auckland and Wellington means Finzsoft won’t be constrained by location, and will be able to offer solutions as-a-service wherever their clients do business – giving Finzsoft the freedom to offer its solutions to banks and financial institutions throughout the Asia Pacific region.
Finzsoft provides mission-critical financial software and solutions to banks and financial institutions.
Finzsoft says moving to a cloud-based offering will speed up the deployment of its solutions, reduce costs and provide security and resiliency to its customers. The cloud-based model will allow it to meet the growing demands amongst its client base for operating models that deliver agility, availability and stability.
Under the new agreement, Finzsoft will leverage IBM Cloud Managed Infrastructure Services for New Zealand as well as infrastructure from SoftLayer, an IBM company, enabling the company to take advantage of IBM’s global network of enterprise-grade data centers.
Andrew Holliday, Finzsoft managing director, says "IBM's reputation as a global tier one IT provider was key to our decision to enter into this agreement. Working with IBM will give our clients confidence that we are offering our solutions through a robust and secure cloud environment, something which is extremely important to tier one banks and finance companies”.
“Having the IBM brand behind us will strengthen our business proposals to our clients and enable a continued focus on the development and delivery of transformational and scalable solutions for our clients," said.
Hollidays says the focus on digital, mobility, online banking and granular customer data means Finzsoft’s customers want greater flexibility and more personalised and integrated solutions. This agile, on-demand and real time access to solutions as-a-service through the IBM cloud will also help transform how its customers approach core banking refreshes and upgrades.
Robert Varker, IBM Integrated Technology Services business unit executive says the rapid transformation of the banking industry is being driven strongly by digital technologies.
“Finzsoft chose IBM for very clear reasons – security, enterprise-grade capabilities, global network and our ability to be a transformation partner. Working with Finzsoft to deliver these leading applications as-a-service demonstrates that IBM is a leading provider of cloud services with a compelling value proposition to enterprises”.