KANSAS CITY, Mo.--(BUSINESS WIRE)--
UMB Healthcare Services, a division of UMB Bank and a leading provider
of health care payment solutions, is launching its cloud-based Health
Savings Account (HSA) applications on Microsoft Azure. As a result,
companies can create more efficient and accessible services and
applications to help their customers manage their health care accounts.
Azure provides global scale, extensive compliance certification
portfolio and enterprise-grade security to enable users in
highly-regulated industries to quickly build, deploy and manage
applications. Adoption of cloud-based technology in health care and
financial services is increasing worldwide due to its speed, scale and
economic benefits. By moving its apps to Azure, UMB is helping push the
industry forward.
“We are so excited to bring this innovative technology offering to our
clients through our partnership with Microsoft,” said Begonya Klumb, CEO
of UMB Healthcare Services. “With Microsoft Azure, we will be able to
offer more efficient access to innovative applications that will
ultimately improve the client experience in the months and years ahead.”
Along with allowing users to access multiple systems at once and
speeding up processing times, Azure will also allow UMB to build new
applications rapidly and conduct scale and performance tests through the
platform or on-site. Additionally, companies will be able to easily
monitor the health and availability of applications. End users and
customers are expected to benefit from higher uptimes, improved
performance during enrollment periods and higher quality technical
customer service.
“UMB is committed to investing in industry-leading technology,” said
Matthew Coffelt, SVP and CIO at UMB Healthcare Services. “Through this
partnership, UMB will continue to bring technical innovation and new
solutions to our clients."
UMB Healthcare Services will be transitioning to Azure throughout 2017.
UMB Healthcare Services is one of the top HSA custodians in the nation
with 826,000 HSAs and $1.6 billion in HSA deposits and investment
assets, as of Sept. 30, 2016. According to the 2016 Devenir Midyear HSA
Market Statistics & Trends report, UMB holds 5 percent market share and
ranks sixth in the industry by number of HSAs and seventh by HSA
deposits and investment assets.
About UMB:
UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial
holding company headquartered in Kansas City, Mo., offering complete
banking services, payment solutions, asset servicing and institutional
investment management to customers. UMB operates banking and wealth
management centers throughout Missouri, Illinois, Colorado, Kansas,
Oklahoma, Nebraska, Arizona and Texas, as well as two national
specialty-lending businesses. Subsidiaries of the holding company
include companies that offer services to mutual funds and
alternative-investment entities and registered investment advisors that
offer equity and fixed income strategies to institutions and individual
investors. For more information, visit umb.com,
umbfinancial.com,
blog.umb.com
or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank
and LinkedIn at linkedin.com/company/umb-bank.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005725/en/
UMB Financial Corporation
Kristin Kovach, 816.423.6131
kkovach@crossroads.us
Source: UMB Financial Corporation