Latest news with #MicrosoftAzureCloud
Yahoo
11-06-2025
- Business
- Yahoo
Marginalen Bank completes migration to Mambu's cloud banking solution
Mambu, a core cloud banking platform, in collaboration with Avenga, a system integrator, has completed the migration of Marginalen Bank from its legacy core banking system to Mambu's platform. This transition, which took 13 months, enables the bank to enhance its offerings for both consumer and business deposits while adopting a modern banking framework. The migration to Mambu's API-driven core banking platform, supported by Microsoft Azure Cloud, has allowed Marginalen Bank to replace outdated systems. This shift is expected to improve the bank's agility, scalability, and cost-effectiveness. The new cloud-native architecture facilitates the rapid launch of financial products, ensuring compliance with Nordic financial regulations. Avenga banking and financial services SVP Peter Stros said: 'Successfully migrating a bank's core system in just 13 months is a highly complex process, requiring deep expertise in cloud-native architectures, regulatory frameworks, and seamless integration across a bank's ecosystem.' Avenga's involvement was key in the project, overseeing the decommissioning of the legacy core banking system and establishing a fully integrated, cloud-first architecture. The initiative included comprehensive data migration and integration across various components of the bank's ecosystem, such as Data Warehousing (DWH), Core Banking System (CBS), microservices, and local third-party providers. Marginalen Bank chief financial officer Bo Andersson said: 'Our goal has always been to simplify our customers' everyday financial lives, and to do so, we need a strong, scalable infrastructure. 'Mambu's composable banking approach perfectly complements Marginalen's technology strategy. We've been able to seamlessly migrate to the modern core and future-proof our technology.' Marginalen Bank is now part of a growing number of Scandinavian financial institutions utilising Mambu's SaaS cloud banking platform. Other banks in this group include Nordiska, based in Stockholm, and Denmark's Kompasbank. Established in 2010 after acquiring Citibank's Swedish consumer bank, Marginalen Bank provides a diverse range of financial services for individuals and businesses. In February this year, Ibercaja Banco partnered with Mambu to launch a new consumer finance entity, set to roll out in phases starting early this year. "Marginalen Bank completes migration to Mambu's cloud banking solution" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Korea Herald
26-03-2025
- Business
- Korea Herald
LG CNS showcases AI innovations at Microsoft's Seoul event
LG CNS said Wednesday it showcased groundbreaking generative artificial intelligence applications across various industries at the Microsoft AI Tour in Seoul earlier in the day. At its showroom, the IT solutions provider showcased solutions that leverage Microsoft Copilot to enhance workplace efficiency. The company also introduced consulting programs and shared case studies of its AI-driven intelligent search services of manufacturing enterprises using Microsoft Azure Cloud. The Azure-based intelligent search service enables employees to input queries during work processes, with generative AI analyzing product design manuals and past cases to deliver the most optimal responses. Among the showcased services powered by Microsoft 365 Copilot were tools for scheduling and meeting minutes management, proposal and market analysis report generation, and manual and training material development. To strengthen collaboration with Microsoft, LG CNS recently established the MS Launch Center, a dedicated task force comprising Azure Cloud architects and AI and application experts. Additionally, the two firms jointly operate the Innovation Journey Workshop program, which supports enterprises in exploring generative AI adoption through prototype development and preimplementation validation. "By deepening our collaboration with Microsoft, we will continue to discover new technologies and services that drive customer value innovation. Our goal is to position ourselves as an AI transformation specialist, delivering the fastest and most relevant AI solutions,' said Kim Tae-hoon, head of the AI cloud business division at LG CNS. Meanwhile, Microsoft's AI Tour spans 60 cities worldwide, offering key insights and technological advancements in AI innovation. The Seoul event focused on business transformation through AI and strategies for sustainable value creation.
Korea Herald
26-03-2025
- Business
- Korea Herald
LG CNS showcases AI innovations at Microsoft's Seoul event
LG CNS said Wednesday it showcased groundbreaking generative artificial intelligence applications across various industries at the Microsoft AI Tour in Seoul earlier in the day. At its showroom, the IT solutions provider showcased solutions that leverage Microsoft Copilot to enhance workplace efficiency. The company also introduced consulting programs and shared case studies of its AI-driven intelligent search services of manufacturing enterprises using Microsoft Azure Cloud. The Azure-based intelligent search service enables employees to input queries during work processes, with generative AI analyzing product design manuals and past cases to deliver the most optimal responses. Among the showcased services powered by Microsoft 365 Copilot were tools for scheduling and meeting minutes management, proposal and market analysis report generation, and manual and training material development. To strengthen collaboration with Microsoft, LG CNS recently established the MS Launch Center, a dedicated task force comprising Azure Cloud architects and AI and application experts. Additionally, the two firms jointly operate the Innovation Journey Workshop program, which supports enterprises in exploring generative AI adoption through prototype development and preimplementation validation. "By deepening our collaboration with Microsoft, we will continue to discover new technologies and services that drive customer value innovation. Our goal is to position ourselves as an AI transformation specialist, delivering the fastest and most relevant AI solutions,' said Kim Tae-hoon, head of the AI cloud business division at LG CNS. Meanwhile, Microsoft's AI Tour spans 60 cities worldwide, offering key insights and technological advancements in AI innovation. The Seoul event focused on business transformation through AI and strategies for sustainable value creation.
Yahoo
11-03-2025
- Business
- Yahoo
North Dakota Retirement and Investment Office Successfully Goes Live with Sagitec's Modernized Pension Administration System
The successful go-live of Neospin™ delivers a modern pension administration system with enhanced capabilities for North Dakota's Teachers' Fund for Retirement ST. PAUL, Minn., March 11, 2025 (GLOBE NEWSWIRE) -- The North Dakota Retirement and Investment Office (RIO) in partnership with Sagitec, a leader in pension administration software solutions, successfully launched a modernized Pension Administration System (PAS) for the state's Teachers' Fund for Retirement (TFFR). This marks a significant milestone in a pension modernization project, which sought to enhance platform efficiency, security, and service for TFFR's more than 25,000 active, inactive, and retired members. TFFR's legacy solution was first deployed in 2005 as a client-server application. RIO pursued a PAS modernization project to better support and maintain key activities, such as payroll reporting, contributions accounting, benefits calculations, tax processing, reporting, and integration capabilities. Neospin™, Sagitec's pension administration platform, provides TFFR with a full implementation of a modern, scalable solution that automates processes, improves data accuracy, and enhances the member and employer experience. 'The successful launch of our new pension administration system is a significant milestone for North Dakota's Teachers' Fund for Retirement, reinforcing our commitment to delivering exceptional service to our members and business partners,' said Chad Roberts, RIO's Deputy Executive Director / Chief Retirement Officer. 'With Neospin, our retirement services division can now provide faster, more secure, and more personalized service while improving efficiency across our operations.' This new PAS features upgraded member and employer self-service portals, enhancing security and streamlining workflows for administrators and members. Neospin improves efficiency by automating processes and ensuring compliance through robust internal controls. It eliminates the need for custom application maintenance, reducing long-term costs and mitigating risks by ensuring data accuracy, security, and compliance with regulatory standards. 'The successful go-live marks an important step in the modernizing pension administration project,' said Subodh Murthi, Pension Managing Director at Sagitec. 'This implementation delivers enhanced efficiency, security, and member engagement, ensuring that the Teachers' Fund for Retirement can seamlessly serve North Dakota's educators now and in the future. We are proud to partner with the North Dakota Retirement and Investment Office to deliver a scalable, future-ready solution.' With the successful go-live of Neospin in February 2025, TFFR transitioned to a modern pension administration system hosted on Microsoft Azure Cloud. This solution ensures that RIO can continue to meet the needs of TFFR's members effectively today and tomorrow. About Sagitec Solutions Sagitec is a leading software platform and solutions provider specializing in serving customers focused on solving complex, business-rule-driven problems. Sagitec provides evolutionary enterprise-grade solutions powered by their core platform, for pension administration, labor and employment, managed healthcare, and other industry organizations that want to accelerate excellence. With deep industry and domain experience in software implementation and systems integration, Sagitec is a partner that clients have trusted for over 20 years to drive their vision into action and value. Visit for more information. Media Inquiries:mediainquiry@
