Company focuses on offering solutions to financial institutions that want to operate on the cloud PIX
One of the main providers of technology and innovation for the financial sector in Brazil, Sinqia announces a partnership with Microsoft for the development of solutions aimed at the new financial scenario in the country proposed by Open Finance, a concept that foresees the opening of the financial system so that several players offer products and services in the segment. The project has as its initial offer the proposal of Azure cloud solutions to allow financial institutions to operate in the new system of instant payments (PIX).
The company's Innovation Director, Leo Monte explains that Open Finance will bring an extremely fertile environment for new business opportunities and this project comes to develop solutions with a focus on this new ecosystem. “Sinqia has been investing heavily in research to deliver innovation to the market. We are working on the development of an ecosystem of services to add to the new functionalities that will be developed after the implementation of Open Finance and we arrived together with a partner the size of these opportunities ”, he comments.
“Sinqia and Microsoft are partners that share a strong strategic value based on innovation and differentiation in financial services. The partnership has already borne many fruits with Sinqia's Core Banking in the public cloud of Microsoft Azure and now we combine our best resources to develop the most complete Sinqia Instant Payments solution in Azure, delivering low latency, resilience, security and analytical insights with high computing power, fundamental factors in the new universe of open innovation in open finance ”, says Fabio Mittelstaedt, Financial Services Industry Leader for Brazil and Latin America at Microsoft.
Since 2020, Sinqia has offered a cloud solution that allows financial institutions to operate on the instant payment system (PIX). With a project based on the Microsoft Azure cloud, companies guarantee a secure platform, cutting-edge technology and specialists to support institutions in this new modality that promises to transform the means of payment in the country. The company was the first major technology company in this market to receive approval from the Central Bank for PSTI's offer.
With Open Finance, the idea is to further expand these solutions, offering services to both financial institutions and other players that will have the opportunity to operate in the open financial market, such as retail companies. This is one of Sinqia's first joint initiatives with Microsoft within a joint roadmap of joint technological innovations that aims to accompany and support the digital transformation of the Brazilian financial services market in the coming years.
