Microsoft teams with KX Insights for financial services solution
FD Technologies has announced a strategic partnership with Microsoft to expand its reach of KX Insights streaming data analytics platforms to Azure customers.
The alliance will see KX Insights embedded natively onto the Microsoft Azure platform, with KX generating revenue based on consumption.
It will also see Microsoft and KX working together to target new applications and services that ‘will accelerate innovation and growth for financial service organisations.’
The partnership aims to help the capital markets ecosystem including exchanges, buy-side firms and sell-side institutions create high-value insights that help with real-time decision making.
FD Technologies said that enterprises will benefit from its ‘unrivalled’ performance, scalability and security of KX Insight optimised for Microsoft Azure.
With demand for analytics solutions that can efficiently support client needs across both real-time streaming and historic data to enable real-time business-critical decisions increasing, KX Insights and Azure is said to allow customers to store and access data using event processing, analytics and machine learning interfaces on one unified platform.
The platform will be integrated with Microsoft’s cloud ecosystem so that it will work seamlessly with Microsoft devices.
The press release said that KX Insights on Azure will enable customers to boost productivity, allowing for significant cost reductions over legacy systems, and will contribute towards an organisation’s Azure consumption commitment.
“This strategic partnership with Microsoft accelerates our mission to enable organisations to drive value from their real-time data assets,” commented Seamus Keating, CEO of FD Technologies.
He added: “We are excited to partner with Microsoft in developing technology solutions that address the demanding requirements of financial services organisations, particularly in capital markets where KX has a market-leading position. This is a landmark agreement for KX, with significant strategic benefits supporting our growth ambitions.”
Bill Borden, corporate vice-president of worldwide financial services at Microsoft, said: “KX Insights delivers industry leading, real-time streaming analytics solutions that transform how firms derive insights from market data.
“Combining the full range of Microsoft’s Intelligent Cloud capabilities with KX technology and expertise, we look forward to empowering our capital markets and financial services customers with new, compelling solutions for faster decision-making and innovation.”
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