Last month Standard Bank announced that it will cut around 1 200 jobs and close 91 branches nationally in order to make new digitisation changes.
In light of that this week the financial services provider confirmed that it has partnered with Microsoft to help transform the bank’s technology estate and internal corporate functions, with the view to enable it to accelerate its digital transformation journey while improving its employee experience.
According to IT News Africa, the new partnership agreement will add to other projects the companies are already working together on, which Microsoft is already providing infrastructure, software, and platform services for, as well as cloud services.
“Standard Bank is embracing digital transformation and the opportunities it presents. They realise that investment in digital transformation is also about investing in your organisational culture, ensuring that employees can succeed in fast changing world,” explained EVP and Microsoft global sales, marketing and operations, Jean-Phillippe Courtois.
IT News Africa adds that the partnership forms part of Standard Bank’s multi-cloud approach and will strengthen its long-term relationship with Microsoft. The latter will be giving the financial services provider access to its cloud expertise across its array of teams and business which will intern allow the learnings from Microsoft’s own transformation journey and its strong culture of collaboration, the company explains
“By providing these services, Microsoft is supporting Standard Bank Group in our digital transformation, helping to better leverage data to empower employees, create operational efficiencies, optimise our processes and transform our services and products to serve our clients with consistent excellence,” added group CEO of Standard Bank, Sim Tshabalala.
[Source – IT News Africa]