Modernize financial services with Microsoft and PwC

Technology is revolutionizing the world of banking, insurance and capital markets. To capitalize on this potential, financial services institutions should implement digital solutions in a way that can support successful business outcomes. Amid heightened customer expectations, a fast-changing regulatory environment and an increasing focus on automation, modern institutions require both the agility to adapt and a strong command of financial technologies.

PwC can help financial services institutions leverage Microsoft technology to attract and retain customers and become more agile, cost-effective and risk-resilient. Our end-to-end solutions combine deep industry-leading knowledge in business transformation and financial services with the latest tools from Microsoft, empowering organizations to harness the power of tech to create change.

Navigate industry changes

Financial services institutions are facing an array of challenges. As digital transformation accelerates, organizations are searching for ways to effectively support new technology capabilities that can help them reduce costs, improve services and increase market share.

At the same time, organizations should confirm they are aligning digital-innovation practices with larger business strategies and using technology to remain resilient amid economic instability. Moving from traditional data centers to cloud-based technology requires changes to long-standing processes and a proven framework for successful, organization-wide rollout. Financial services institutions also need the right technology and guidance to manage growing cyber risks, stay current with regulations, safeguard systems and transactions, and protect customer data.

In addition, today’s financial services customers are looking for convenient online banking and other digital services that are personalized to their unique needs and seamlessly integrated into their daily lives. To help deliver on these expectations, the financial services workforce should unlock ways to use automation and artificial intelligence for greater productivity. Industry-leading financial organizations are actively pivoting to help improve experiences and stay competitive — and they’re turning to PwC and Microsoft to help them meet their goals.

Drive value creation in financial services

At PwC, we leverage our understanding of financial services and industry-leading knowledge in business transformation to help deliver end-to-end solutions enabled by Microsoft technology. We can bring a strategic lens to your business needs, activating our transformation teams and engineers to support your organization through every step of Microsoft implementation, whether you’re setting up new payment methods for customers or modernizing the operations of a bank branch.

We work closely with a wide range of sectors — retail and commercial banking; life insurance, annuities, and property and casualty insurance; and private equity and asset management — and we bring this industry-leading to each facet of financial services. Drawing on diverse capabilities and a nuanced understanding of financial services, we’re committed to helping organizations use Microsoft technology in a broader business context to support transformative outcomes.

PwC’s trusted knowledge in risk management can give financial services organizations the insights they need to strengthen cybersecurity and provide the protection that customers and institutions need. We can help you leverage Microsoft’s innovative technology to design better security, including the use of artificial intelligence to help prevent fraudulent transactions. Our deep knowledge of changes in the regulatory landscape supports ongoing compliance and the protection that customers have come to expect.

Discover solutions with Microsoft technology

The financial services industry is creating a bold new future with Microsoft by using a wide range of intuitive and intelligent tools to transform banking, insurance and capital markets. Microsoft cloud-based technology enables modernization across business functions:

Creating exceptional customer experiences through personalization and AI. Microsoft supports data-driven insights for financial services, illuminating opportunities to help improve engagement.

Transforming the way financial services operate with innovative tools for greater productivity and communication. Microsoft empowers workers to collaborate, streamline processes, and automate like never before, improving the workplace experience and helping free up time for high-value tasks.

Reducing risk through the use of advanced analytics and AI, supporting rapid scenario modeling and faster response to cyber threats and financial crime. Drawing on the industry-leading capabilities of the cloud, Microsoft offers the technology financial services organizations should have to protect their data and customers, improve regulatory compliance, and simplify reporting.

Enhancing operations and optimizing system functionality with intelligent approaches to payments, forecasting, data unification and trading. Microsoft supports financial institutions in the cloud with capabilities that can lower costs and accelerate underwriting and claims resolution.

Driving meaningful change in sustainability with analytics that can support efficient sustainability reporting and waste-reducing digital efficiencies.

Enhance capabilities with AI

Generative AI technologies can transform the way financial institutions do business, simplifying complexity and dramatically improving the customer experience. Financial services organizations have long relied on complex legacy systems, which have become costly and difficult to maintain. With Microsoft’s generative AI, financial institutions can finally bridge the gap between new and old systems, and PwC can help you automate data migration, accelerate code development and create documentation to modernize your business.

We can also show you how to take your client service to the next level with generative AI. Explore personalized offerings, such as insurance plans based on individual risk profiles and alerts about coverage changes or premium changes, to help drive greater client engagement and retention.

From data collection and analysis to risk management and fraud detection, PwC and Microsoft solutions bring a human-led, tech-powered approach to your work with generative AI.

Insurance agents, managers, underwriters and brokers are using Microsoft AI technology to innovate, strengthen teams and modernize data analysis. Microsoft Cloud for Financial Services, Microsoft Azure OpenAI Service and Microsoft Copilot help insurance organizations unify customer data, streamline processing and generate business insights with speed and security.

Banking is future-ready with the power of generative AI. Microsoft is helping banks improve their contact centers, summarize data for better financial advising, create pitchbooks and develop code for tomorrow’s financial services software.

Capital markets leaders use Microsoft’s generative AI solutions to create outstanding experiences for colleagues and clients alike. From investment research to forecasting, revenue generation and regulatory compliance, Microsoft’s generative AI is creating new possibilities for the future of capital markets.

Microsoft’s AI technology supports the advanced workflows, personalized customer engagements and data-driven value creation opportunities that drive financial services — and PwC is enabling the strategy and agility to support ongoing innovation.

An innovative future for financial services

Case study: Reinventing operations, client interactions

Financial services firm Northern Trust needed to unify its systems and processes for greater workplace efficiency and more detailed customer relationship management. PwC helped Northern Trust streamline operations and use Microsoft Dynamics 365 to drive growth through automation.

Find out how

Case study: Supporting scalable growth

Triton International, a global container-leasing company, sought a way to support its growing business with scalable financial operations. We used our finance ready capabilities enabled by Microsoft Azure and Microsoft Dynamics 365 to establish a cloud-based foundation for better accounting, processing and strategic financial decision-making.

Learn how we helped modernize finance for Triton International

Contact us

James Farhat

Principal, US Microsoft Alliance, PwC US

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