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PwC collaborates with Microsoft to launch state-of-the-art digital banking solution

08 Nov 2021

As part of its ongoing alliance with Microsoft, PwC is pleased to unveil a state-of-the-art digital banking solution, developed and architected specifically for the newly launched Microsoft Cloud for Financial Services - designed to empower financial institutions to innovate, adapt and modernise.

This new solution combines PwC’s deep digital banking expertise with Microsoft’s leading technology - to provide businesses with the tools to deploy fresh solutions to customers at pace. 

The globally available solution underpinned by Microsoft Cloud for Financial Services is highly modular and draws on the latest cloud-native service components. It combines Fintech innovation with proven applications and technologies from the Microsoft ecosystem and scalable and resilient enterprise infrastructure.

This new offering allows our clients to launch more personalized experiences for their customers from onboarding to fulfillment, increasing client engagement through real time customer-focused data and insights.

Organizations looking to address the current complexity in their business and deliver new and innovative customer journeys, whilst enabling a step change in costs and time to market, can turn to this digital banking collaboration to equip them with the tools they need to thrive.

PwC’s Digital Banking Transformation practice operates holistically across strategy, customer experience, technology, security, governance and risk, with extensive experience of launching innovative banking platforms in the market. PwC’s assets and proven delivery approach enables us to meet and service the full spectrum of digital banking strategies, supporting continuous and agile innovation 

Julien Courbe, Chief Client Officer at PwC US, said: 

“In today’s complex financial services environment, one size will not fit all. Helping our clients get transformation right for change that sticks is core to what PwC does. With Microsoft Cloud for Financial Services, we are now uniquely positioned to help our clients unlock the promise of the cloud to deliver sustainable growth, agility, and lasting innovation.”

John Lyons, Global Digital Banking Platforms Leader at PwC UK, said:

“PwC and Microsoft are empowering banks to build powerful new platforms that enable technology and business model simplification by leveraging state of the art digital solutions. PwC brings a multi-disciplinary approach to reimagine the customer proposition, business model and underlying technology architecture in a safe and compliant way, allowing our teams to work with clients to shape the future of banking with confidence.

“Our latest collaboration with Microsoft marks a landmark in our ‘asset-backed business consulting’ strategy, giving our teams a cutting-edge digital banking solution that improves the speed, consistency and agility of service delivery for our clients.”

Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft,  said: 

“Microsoft Cloud for Financial Services provides a platform for our customers and partners to accelerate innovation and drive sustainable growth. This exciting collaboration with PwC breaks new ground, combining the right capabilities and expertise to help financial institutions speed time to value and address the most urgent challenges facing the industry today.”

PwC and Microsoft are already working with clients to implement the new digital banking solution and are open to conversations with business leaders interested in the solution. For more information, please contact John Lyons.

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 156 countries with over 295,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at PwC.

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Diana Yeboah

Manager, media relations, PwC United Kingdom

Tel: +44 (0)7483 422914

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