Euroclear has announced a 7-year partnership with Microsoft (NASDAQ:MSFT) to transform Euroclear clients’ experience and drive new opportunities for growth.
The partnership strengthens Euroclear’s business ecosystem and technology infrastructure by leveraging Microsoft’s tech, expertise and cloud services.
This will enhance Euroclear’s ability to create value for market participants and unlock opportunities at the “core of the capital markets ecosystem.”
Microsoft will support Euroclear’s strategic objectives in key growth areas like funds and client experience as well as its long-term vision to “evolve into a Digital and Data-Enabled Financial Market Infrastructure.”
By joining forces with Microsoft, Euroclear will be pioneering innovative digital and data-centric initiatives, which will foster collaboration with other industry participants to create “shared solutions based on standardised and compatible technologies that bring the best value to industry service providers but also to issuers and investors.”
Valérie Urbain, CEO of Euroclear, said:
“Technology is rapidly transforming financial market infrastructures. Harnessing the latest developments in cloud, AI and analytics is a critical enabler of Euroclear’s strategy and a driver of innovation, new business and resilience. Microsoft’s technology leadership and understanding of financial markets make it an ideal strategic partner for the next stage in our journey. This mutually beneficial relationship greatly accelerates our ambitions and should bring us much closer to clients.”
Ralph Haupter, President, EMEA at Microsoft said:
“Together, we are enabling a shift from traditional sequential workflows to an ecosystem-centric capital markets model. This transformation will empower financial institutions to reimagine how they interact, analyse data, and deliver insights to end users, driving efficiency and innovation across the industry.”
The adoption of Microsoft’s technologies like cloud (which in turn is a platform for scalable transformation) and generative AI will “streamline platform development and operations.”
The use of Microsoft’s flexible cloud capacity and automated solutions for rapid “disaster recovery and business continuity will further improve Euroclear’s resilience and security.”
The partnership’s focus has been established and “will gradually evolve to co-develop additional digital and data initiatives and scale modernization efforts.”
The initial scope for 2025 will focus on:
- Developing a financial data sharing ecosystem: Designing a secure platform to enable collaboration and data sharing, leveraging Microsoft’s secure identity, confidential data sharing and cross-collaboration capabilities.
- Transforming Euroclear’s global offering, Euroclear FundsPlace: Enhancing the customer experience with AI-driven insights, streamlined operations, and increased efficiencies for market participants.
- Modernising customer engagement: Establishing a unified platform to enhance Euroclear’s customer interactions and streamline operations across all customer-facing business lines.
- Strengthening market infrastructure: Building next-generation, secure financial infrastructure with built-in compliance, security, and reliability to support mission-critical workloads.
The partnership is reportedly supported by senior executives from both sides, representing both IT and business perspectives, “to ensure the successful development of the partnership and the delivery of value for our clients and ecosystem partners.”
As noted in the update, Euroclear group is the financial industry’s provider of post trade services.
Guided by its purpose, Euroclear innovates in order to bring efficiency and connections to financial markets for “sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds.”
As a capital market infrastructure, Euroclear is committed to “delivering risk-mitigation, automation and efficiency at scale for its global client franchise.”
