Euroclear partners with Microsoft for digital transformation

Today marked the announcement of a significant strategic partnership between Euroclear and Microsoft (NASDAQ:MSFT), set to last for seven years. This collaboration is aimed at transforming the client experience for Euroclear and fostering new growth opportunities.

Euroclear is set to enhance its business ecosystem and technology infrastructure by utilizing Microsoft’s advanced technology, expertise, and cloud services. This move is intended to bolster Euroclear’s capacity to generate value for all participants in the capital markets ecosystem and unlock new opportunities, particularly in areas such as funds and client experience.

The partnership is expected to drive innovation through digital and data-centric initiatives, promoting collaboration within the industry to create shared solutions that benefit service providers, issuers, and investors. These initiatives will be based on standardized and compatible technologies designed to deliver optimal value.

Valérie Urbain, CEO of Euroclear, emphasized the critical role of technology, such as cloud, AI, and analytics, as key enablers of Euroclear’s strategy and innovation drivers. She expressed confidence in Microsoft’s technology leadership and financial market acumen, making them an ideal partner for Euroclear’s next development phase.

Ralph Haupter, President of EMEA at Microsoft, highlighted the combination of Euroclear’s extensive financial ecosystem and the trusted scalability of Microsoft Cloud services, including Azure and Teams. He noted that this partnership would facilitate a shift from traditional workflows to an ecosystem-centric model, enhancing efficiency and innovation across the capital markets.

The partnership will leverage Microsoft’s cloud technologies and generative AI to streamline Euroclear’s platform development and operations, while also enhancing the company’s resilience and security through flexible cloud capacity and automated disaster recovery solutions.

Initial efforts will focus on several key areas by 2025, including the development of a financial data sharing ecosystem, transformation of Euroclear’s global offering through Euroclear FundsPlace, modernization of customer engagement, and strengthening of market infrastructure.

Senior executives from both Euroclear and Microsoft, representing IT and business sectors, are sponsoring the partnership to ensure its success and the delivery of value to clients and ecosystem partners.

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