About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Saxo Bank Japan Migrates from Legacy Ledger to Torstone Cloud Solution

Subscribe to our newsletter

Saxo Bank Japan is replacing its legal ledger legacy system with Torstone Technology’s Inferno cloud-based solution and has gone live with the first phase of migration.

The bank is making the replacement to support regulatory reporting on the cloud for existing and new equity business. Using Inferno, Saxo Bank Japan is able to reduce operational risk and ensure quick and efficient post-trade reporting processes while achieving compliance with Japan’s regulatory requirements.

Francisco Izawa, CEO at Saxo Bank Japan, says: “By replacing our legal ledger with Inferno, Torstone has provided a foundation to help the bank grow its new equity business while meeting changing regulatory requirements. We look forward to benefitting from greater operational efficiencies in our post-trade reporting processes and eventually adding additional Inferno features in future phases.”

Inferno’s cloud-based infrastructure is modular, facilitating Saxo Bank Japan’s phased migration to a complete middle and back-office solution. It is also scalable and offers continuous upgrades, allowing Torstone to respond to the bank’s changing operational obligations.

Brian Collings, CEO at Torstone, noted the deal as an example of the company’s ‘trusted position in the Japanese market’.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...

BLOG

DTIF Partners DLC Distributed Ledger Consulting to Add Crypto Risk Metrics to Digital Token Identifiers

The Digital Token Identifier Foundation (DTIF), created by Etrading Software to provide ISO standard identifiers for digital assets based on open data principles, has reached agreement with DLC Distributed Ledger Consulting to display a crypto risk metrics score on Digital Token Identifiers (DTIs) for commonly traded tokens. The metric score, combined with the DTI standard,...

EVENT

TradingTech Summit London

Now in its 13th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...