Finzsoft Solutions Limited and IBM announced a five-year cloud agreement to move Finzsoft's core and vertical banking applications, including its Sovereign application, to the IBM cloud. The agreement to host Finzsoft applications in the IBM cloud at IBM data centres in Auckland and Wellington will enable Finzsoft to offer solutions-as-a-service to clients as the company expands across the Asia Pacific region. Finzsoft provides mission-critical financial software and solutions to banks and financial institutions.

Moving to a cloud-based offering will speed up the deployment of its solutions, reduce costs and provide security and resiliency to its customers. The cloud-based model enables Finzsoft to meet the growing demands amongst its client base for operating models that deliver agility, availability and stability. Under the new agreement, Finzsoft will leverage IBM Cloud Managed Infrastructure Services for New Zealand as well as infrastructure from SoftLayer, an IBM company, enabling the company to take advantage of IBM's global network of enterprise-grade data centres.