If things follow plan, “Microsoft will support Euroclear’s strategic ambition in key growth areas like funds and client experience as well as its long-term vision to evolve into a Digital and Data-Enabled Financial Market Infrastructure”.

“Harnessing the latest developments in cloud, AI and analytics is a critical enabler of Euroclear’s strategy and a driver of innovation and new business without compromising resilience,” says Euroclear CEO Valérie Urbain in her firm’s news release. Microsoft EMEA president Ralph Haupter sees the collaboration “enabling a shift from traditional sequential workflows to an ecosystem-centric capital markets model”.

The infrastructure-to-tech provider setup parallels collaborations of Deutsche Börse Group with Google, and Nasdaq with Amazon Web Services.

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Immediate action points include efforts to develop “a financial data sharing ecosystem”, plugging AI-driven insights into Euroclear’s FundsPlace offering, setting up a unified platform for customer interaction, and strengthening the financial infrastructure in terms of compliance, security and reliability.