Tradeteq partners with Microsoft cloud for asset distribution

Tradeteq is collaborating with Microsoft to automate the process of distributing trade finance assets through a new cloud infrastructure to make the process more scalable and efficient.

The collaboration enables the build-out of a market infrastructure which allows financial institutions to efficiently run trade finance distribution workflow processes while complying efficiently with data residency requirements.

Tradeteq will be providing its platform through Microsoft’s Azure cloud platform with access to over 60 regions globally.

It promises to improve access, data resonance and security for institutions utilising Tradeteq’s services. With the data service banks will be able to “hold, maintain and access data with ease”, said the partners.

“With distributing trade finance assets being a long-standing challenge for banks, having improved access to a product that helps overcome the data issues faced from different jurisdictions will be a boon to distribution,” they said.

Tradeteq has also become a partner in Microsoft’s reseller programme, which allows the company to efficiently connect and collaborate with potential new clients.

Christoph Gugelmann, chief executive of Tradeteq, said: “Connectivity is a vital component to improving access for banks in trade finance. By using a cloud-based product, financial institutions can improve their ability to connect, trade and distribute trade finance assets - regardless of their location.”

He added: “Connectivity also extends to our role in the reseller programme, allowing us to be readily available for other banks keen to take advantage of our service.”

    Share Story:

Recent Stories

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.

Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.

This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.