Back in February, Microsoft expanded its vertical cloud offerings with three more services. One of them was Microsoft Cloud for Financial Services. Since then, the platform has been in preview. However, starting from November 1, 2021, the cloud add-on is now generally available to organizations.
And the cost for tapping into Microsoft Cloud for Financial Services? Well, a cool $20,000 each month for each tenant.
For that kind of outlay, it is essential that the cloud solution offers a lot to organizations. Microsoft points out the vertical cloud platform provide financial insights, data management tools, and actionable insights into how to use data to build solutions.
Furthermore, the offering also helps to increase productivity and help organizations better understand customers. As a Microsoft Cloud platform, it also comes with the company's security features.
“The power of Microsoft Cloud for Financial Services doesn't stop with our first-party technologies and solutions—our partners play a central role to its success and scalability. Partners and their solutions are already deeply integrated across the banking, insurance, and capital markets.”
As it moves to general availability, Microsoft Cloud for Financial Services is currently limited to clients in the United States and United Kingdom, and only in English. Unfortunately, Microsoft does not say when it expects to expand availability.
Vertical Cloud Expansion
Microsoft's vertical cloud portfolio is growing. The company revealed Microsoft Cloud for Manufacturing and Microsoft Cloud for Nonprofits alongside the Financial Services offering. It all started with the launch of Microsoft Cloud for Healthcare and in January Microsoft Cloud for Retail was announced.
Last month, Microsoft added the new Microsoft Cloud for Sustainability to the list. The new Software as a System (SaaS) solution creates a central data store for enterprises to see where they can make sustainability gains.
Tip of the day: Did you know you can also use OneDrive to save folders and files in the cloud which are located outside the main OneDrive-folder. Check out our step-by-step tutorial to use this practical method also for your Windows 10-PC.