Microsoft CEO Satya Nadella spoke at the FinTech Ideas Festival

At the FinTech Ideas Festival yesterday, Microsoft CEO Satya Nadella joined some of the technology’s most respected forward-thinkers to meet financial services industry leaders in San Francisco to explore how technologies like the cloud, artificial intelligence and blockchain are driving industry-wide digital transformation, and bringing with them profound change and significant benefits. Microsoft also highlighted few financial organizations which take advantage of Microsoft tools and services.

• MetLife is using Microsoft Azure to run complex actuarial simulation models, delivering high-quality actuarial insights with incredible speed to decision makers around the globe, resulting in an improved customer experience and business decision making process, with an expected 45-55 percent savings on infrastructure costs.
• Emirates National Bank of Dubai is reinventing its customer relationship management with Azure Machine Learning and Microsoft Dynamics 365 to intelligently mine and predict how to spend time with customers, and target next-best actions and offers, resulting in a 15-point conversion rate of customers to new services.
• Bank of America Merrill Lynch is working with Microsoft Treasury to use Azure Blockchain as a Service to transform and automate the processes for standby letters of credit, reducing process time from 5-7 days to 5-7 minutes, taking the error rate down to zero percent and significantly reducing the cost to pennies on the dollar.

Learn more about this event here.