ACI Worldwide Strengthens Strategic Alliance with Microsoft to Deliver Payments Platform in the Cloud
August 05 2021 - 6:02AM
Business Wire
Alliance will accelerate and expand ACI’s cloud
payments offerings in Microsoft Azure as more financial
institutions embrace digital transformation
ACI Worldwide, a leading global provider of real-time payments
and digital payment software solutions, today announced an expanded
multi-year strategic alliance with Microsoft to deliver payments
solutions in the cloud. The alliance will accelerate and expand
ACI’s cloud payments offerings in Microsoft Azure as more financial
institutions (FIs) embrace digital transformation.
With global demand for SaaS-based payment offerings increasing,
ACI and Microsoft will closely collaborate on innovations that
empower FIs to launch new solutions, add new services to their
existing platforms and deliver those new capabilities more quickly
and with greater agility. They will also provide FIs greater
efficiency of operations, scalability, data protection, data
sovereignty and better user experiences—ultimately creating new
revenue streams.
ACI and Microsoft have a successful track record of jointly
helping customers quickly grow and expand into new markets,
including a top 20 global bank, a leading US-based digital bank
with more than 30 million customers and the leading card issuing
and banking-as-a-service software platform in Latin America. These
organizations required cloud-enabled solutions capable of meeting
time-to-market and growth goals, and chose ACI’s cloud payments
offerings deployed in Azure—enabling them to deliver innovative,
market-leading and future-ready payment services to their current
and future customers.
“This alliance between ACI and Microsoft can support banks in
their quest for payments modernization. Recent Aite Group research
among 21 of the top 100 retail banks indicated that payments
modernization is high on the strategic investment agenda of banks,
to meet the increasing competition in the payments value chain.
Based on the survey, Aite Group estimates revenue at risk for
retail banks of 10 to 15 percent of retail bank payments revenue,”
said Ron van Wezel, senior analyst, Aite Group. “Banks see cloud
technology as an important element of payments modernization
initiatives. Cloud technology enables banks to run a more
cost-efficient operating model while providing the agility and
modernity that legacy on-premises models lack. Speed to market and
cost savings are mentioned most often as advantages that cloud
banking can bring to an organization.”
“More of our customers are turning to the cloud to modernize
their mission-critical payment systems, driven by the need to
operate more efficiently as well as a growing need for speed,
agility and innovation in bringing new payment offerings to
market,” said Jeremy Wilmot, chief product officer, ACI Worldwide.
“Cloud modernization is a top strategic priority at ACI, and we are
excited about this expanded alliance with Microsoft—together
delivering and operating an unmatched payments platform and
ultimately helping our customers grow their business by focusing on
differentiation.”
“Throughout the pandemic, ACI Worldwide has been a leader in
keeping the world’s banking industry performing optimally and has
accelerated the growth curve to the cloud to drive innovation, cost
savings, resiliency and new customer experiences,” said Bill
Borden, corporate vice president, Worldwide Financial Services at
Microsoft. “The powerful combination of ACI’s SaaS-based payments
offerings and Microsoft Azure enables financial institutions to
serve their customers more effectively, and we look forward to
expanding our joint efforts in the months to come.”
About ACI Worldwide
ACI Worldwide is a global software company that provides
mission-critical real-time payment solutions to corporations.
Customers use our proven, scalable and secure solutions to process
and manage digital payments, enable omni-commerce payments, present
and process bill payments, and manage fraud and risk. We combine
our global footprint with local presence to drive the real-time
digital transformation of payments and commerce.
© Copyright ACI Worldwide, Inc. 2021 ACI, ACI Worldwide, ACI
Payments, Inc., ACI Pay, Speedpay and all ACI product/solution
names are trademarks or registered trademarks of ACI Worldwide,
Inc., or one of its subsidiaries, in the United States, other
countries or both. Other parties’ trademarks referenced are the
property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210805005039/en/
Media Contacts Dan Ring dan.ring@aciworldwide.com
Nidhi Alberti Nidhi.alberti@aciworldwide.com
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From Mar 2024 to Apr 2024
ACI Worldwide (NASDAQ:ACIW)
Historical Stock Chart
From Apr 2023 to Apr 2024