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[ad_1] Bill Borden, corporate vice president of worldwide financial services at Microsoft Tech giant Microsoft plans to launch a new cloud-computing offering targeting the financial-services market on Nov. 1 as part of an effort to further bolster its fast-expanding cloud business. The secondary market may want to take note. The Microsoft Cloud for Financial Services has been operating in a preview mode since March, with lenders like Navy Federal Credit Union and Virgin Money UK among the first financial institutions to take it for a test drive, according to a company blog. But Microsoft already has an impressive array of financial services companies as clients in the cloud-computing space, including Morgan Stanley, Standard Chartered Bank, BNY Mellon, Franklin Templeton and Fannie Mae. “Microsoft’s Azure [cloud-computing product] has been steadily gaining market traction for quite some time now, but Amazon’s cloud computing arm, Amazon Web Services, leads the cloud-computing space, which is a major headwind,” states a recent research report by Zacks Investment Research. “… [Microsoft’s] Intelligent Cloud segment, which includes server, and enterprise products and services, contributed 37.6% to total revenues. The segment reported revenues of $17.375 billion, up 30% year over year [for the company’s fourth quarter ended June 30].” Amazon, too, has a cloud segment dedicated to the financial services industry. Still, Microsoft’s pending entry into that market with industry-dedicated cloud offerings promises to ratchet up the competition for clients who are seeking out digital and automation services in a fast-evolving market.  Microsoft also has lined up a host of partners that will be offering services and products through the financial-services cloud platform. Among them are accounting and consulting giants KPMG, EY and PwC as well as a host of independent software service and product providers — such as digital-lending platform Mortgage365, financial-software solutions platform Finastra and the financial-data solutions fintech BaseCap Analystics. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post What Microsoft’s new cloud platform means for mortgage appeared first on HousingWire. [ad_2] Source link

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[ad_1] With Dravid, the current head of National Cricket Academy applying, the job for the Cricket Advisory Committee becomes easier as there aren’t any big names in fray who can match the batting great’s stature. [ad_2] Source link

[ad_1] This is part two of a two-part series on joint ventures in the housing industry. To read the first part of this series, go here. On a sunny, serene fall afternoon, the Chicago neighborhood of Ravenswood featured quiet socializing on outdoor brewery patios, cyclists of all ages, and, hidden alongside the elevated train tracks, the headquarters of mortgage lender Guaranteed Rate. Founded in 2000 by its current CEO, Victor Ciardelli, Guaranteed Rate has Chicago brand recognition after it paid $2 million a year to rename where the White Sox play baseball. The lender’s headquarters features a side entrance that headquarters three more companies: Guaranteed Rate Affinity, Proper Rate, which is the Guaranteed Rate/@properties joint venture, and OriginPoint, the forthcoming Guaranteed Rate/Compass JV. Ciardelli has put together a literal side door of joint ventures, to the annoyance of his competitors. “It’s not like we just announced a deal with Guaranteed Rate like everybody’s got to have a Guaranteed Rate kind of thing,” said eXp CEO Glenn Sanford during an August earnings call discussing the partnership with Kind Lending. “This is actually something much more strategic.” This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Lawsuits, red tape & interest rates: Do mortgage JVs have staying power? appeared first on HousingWire. [ad_2] Source link

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[ad_1] General Electric Earnings Beat, Revenue Misses In Q3 [ad_2] Source link