Today’s post was written by Ron Markezich, corporate vice president for Microsoft.
Exciting news for global financial services providers in highly regulated countries looking to modernize their business operations with a move to the cloud: Deutsche Börse Group (DBG) is taking a thought leadership approach to digital transformation by moving to Office 365 to digitally transform the way they work. Based in Frankfurt, DBG is a leading stock exchange in Germany and one of the largest exchange organizations worldwide, with offices in more than 20 locations.
To drive business agility in a digital world, DBG chose Microsoft Office 365 as the foundation for a digital transformation to enhance their ability to grow with the demands of the market, and make their employees more productive.
According to Frank Fischer, chief security officer and head of security of Deutsche Börse Group:
“Microsoft satisfied DBG’s concerns about how it controls access to data and change management of automated processes, and did so through a deep examination of the features, such as Customer Lockbox and the capabilities of Office 365. We were also impressed by Microsoft’s transparency, audit measures, regulatory compliance support and overall willingness to meet our needs—performed as part of Microsoft’s Financial Services Compliance Program.”
Microsoft’s innovative approach to helping our customers move to the Microsoft Cloud, while also meeting their regulatory obligations, including our Financial Services Compliance Program, gave DBG confidence in this move. Following our work with DBG, and by adapting our contract terms, Microsoft is in a great position to address industry regulations for all global financial services customers. Germany is one of the most sophisticated regulatory systems in Europe, and having Microsoft Cloud customers in Germany shows how robust Office 365 is in meeting financial regulatory obligations.