Technology Record - Issue 34: Autumn 2024

110 FEATURE We asked selected Microsoft partners how Microsoft-powered solutions are helping financial services firms to upgrade their systems and use data more effectively Partner perspectives “Microsoft technology-powered solutions can help financial institutions struggling with the increasing volume, variety and velocity of data and enable them to upgrade their systems to use data more effectively. Microsoft offers a comprehensive portfolio of cloud, data and AI solutions to modernise data infrastructure, enable data-driven insights and decision-making, and accelerate innovation and transformation. Azure provides scalable cloud infrastructure for data storage and real-time processing, enabling better risk management and personalised customer experiences. Power BI facilitates comprehensive data visualisation and insights, enhancing decision-making. Azure Machine Learning helps to build, train and deploy machine learning models, and automate and optimise workflows. Azure Cognitive Services helps to add capabilities like vision, speech and language to applications.” Mariya George CEO and Co-Founder Cleareye.ai “By integrating Azure AI Document Intelligence and Copilot with Conpend Trade AI’s proprietary models, Conpend has empowered financial institutions to analyse large volumes of trade finance documents in real-time with enhanced accuracy. This improves decisionmaking and risk management, bringing Conpend closer to achieving straightthrough processing for trade finance. The collaboration between Microsoft and Conpend enables customers to detect fraud, ensure compliance and optimise operations. Trade AI also streamlines regulatory compliance and automates routine tasks, allowing firms to focus on strategic initiatives. Leveraging Microsoft’s AI enhances accuracy, profitability, and competitiveness while maintaining security and compliance.” Marc Smith CEO and Founder, Conpend Photo: Adobe Stock/Summit Art Creations

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