FD Technologies has announced a strategic partnership with Microsoft, to expand the reach of its KX Insights streaming data analytics platform to Azure customers
Additionally, FD Technologies-owned KX has agreed to work with Microsoft to target new applications and services that will accelerate innovation and growth for financial service organisations.
With demand for for analytics that can support client needs across both real-time streaming and historic data growing, KX Insights on Azure will allow customers to store and access data using event processing, analytics and machine learning interfaces on one unified platform.
The deal represents a first-of-its kind native integration of a third-party streaming analytics solution on Azure, helping to boost productivity while reducing costs over legacy systems.
KX research shows that 90% of organisations plan to increase investment in real-time analytics.
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“This strategic partnership with Microsoft accelerates our mission to enable organisations to drive value from their real-time data assets,” said Seamus Keating, CEO of FD Technologies.
“Enterprises will benefit from the unrivalled performance, scalability and security of KX Insights optimised for Microsoft Azure.
“In addition, we are excited to partner with Microsoft in developing technology solutions that address the demanding requirements of financial services organisations, particularly in capital markets where KX has a market-leading position. This is a landmark agreement for KX, with significant strategic benefits supporting our growth ambitions.”
Bill Borden, corporate vice-president of worldwide financial services at Microsoft, commented: “KX Insights delivers industry leading, real-time streaming analytics solutions that transform how firms derive insights from market data.
“Combining the full range of Microsoft’s Intelligent Cloud capabilities with KX technology and expertise, we look forward to empowering our capital markets and financial services customers with new, compelling solutions for faster decision-making and innovation.”