ACI and Microsoft will also work together to enable FIs to launch new solutions, expanded services in existing platforms and deliver new capabilities with speed. Credit: Simon from Pixabay.

ACI Worldwide has expanded a multi-year strategic partnership with Microsoft to deliver payments solutions in the cloud.

The tie-up will accelerate ACI’s cloud payments offerings in Microsoft Azure as more financial institutions (FIs) shift towards digital transformation.

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ACI and Microsoft will also work together to enable FIs to launch new solutions, expanded services in existing platforms and deliver new capabilities with speed.

They also intend to offer enhanced operations, scalability, data protection, data sovereignty and better user experiences to FIs, enabling them to create new revenue streams.

ACI Worldwide chief product officer Jeremy Wilmot said: “More of our customers are turning to the cloud to modernise 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.

“Cloud modernisation 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.”

ACI’s cloud payments offerings deployed in Azure allows FIs to deliver payment services to their customers in line with their time-to-market and growth goals.

Microsoft Worldwide Financial Services corporate vice president Bill Borden said: “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.

“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.”

Last November, ACI started offering Fraud Management solution as a fully certified private offering via the Microsoft Azure Marketplace.