Morgan Stanley is moving some of its major workloads to Microsoft Corp.âs Azure cloud platform as part of a move to speed up the modernization of its information technology environment. It is also working with Azure to roll out a new cloud feature that executives of the two companies stated will benefit its clients and eventually the highly regulated financial services industry.The partnership, which builds on several technology projects that started roughly two years ago, was revealed jointly on Wednesday. Morgan Stanley stated that it would move some compute-intensive applications on the cloud, such as risk systems that perform billions of calculations. The bank will also move client-facing applications to Azure and data and analytics workloads where they can store petabytes of data on the cloud. dailyEngineers at the two companies plan to roll out new features to improve the time it takes to get products to market and to allow teams at Morgan Stanley to innovate faster, stated Rob Rooney, the bankâs head of technology, operations, and firm durability. âThe cloud is central to that,â As stated by Mr. Rooney.
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