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SunTec Xelerates with Microsoft Azure, creates a new IT vision for the Financial Services industry

SunTec, whose technology powers financial services and is delivered to over 300 million consumers worldwide, today announced the successful validation, verification and deployment of the Xelerate on Demand Service (XoDS) on Microsoft Azure.

Banks using Cloud services can now deploy Xelerate exclusively on Microsoft Azure, thus taking advantage of TCO and application development tools. SunTec is partnering with Microsoft, to put banks firmly at the forefront of their customers’ financial management options. Banks can completely move infrastructure into the Azure cloud and be assured their data will be protected round the clock. 

The key benefits of using Xelerate on Microsoft Azure are:

Customer value redefined – XoDS delivers one complete view of each individual customer. XoDS can be quickly deployed and be connected with third-party technologies with very less downtime. 

IT evolves into profit centers - XoDS significantly reduces a bank’s Total Cost of Ownership (TCO) on the IT infrastructure by paying for what they use. Computing resources are measured at a granular level, allowing users to pay only for the workloads they use. This means resources can be reallocated to build new services based on customer demands. 

Truly powerful computing – Microsoft Azure gives banks more computing power to use compared with internal datacenters. More compute enables more scope to use emerging technologies such as Chatbots and Containers. XoDS helps banks scale up as computing needs increase and then scale down again as demands decrease. 

Nanda Kumar, SunTec Founder and CEO, said: “Now every bank we work with can choose to use Microsoft Azure. The XoDS service delivered with Microsoft can be launched in just a few weeks and allows banks the chance to experiment with IT as well as test new technologies requested by their customers. The team at SunTec is delighted with the introduction of XoDS and our new partner Microsoft, world’s leading provider of cloud services. Our vision is to lead our Financial Services customers on their journey to deliver world-class customer experiences and this partnership will definitely help us in doing so.” 

Talking about the collaboration, Rajiv Sodhi, Commercial Partner Leader, Microsoft India, said “We are extremely happy to partner with SunTec, as they prepare to take a giant step in enabling the financial services industry to become more productive. The successful deployment of Xelerate on Demand Service (XoDS) on Microsoft Azure will not only help organisations optimise processes, but also become compliant while minimising IT costs and drive growth.”