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: Best practices for compliance with EU Market Abuse Regulation

EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation, technology and culture, financial institutions continue to struggle to stay on the right side of the...

BLOG

Investment Firms Embrace Generative AI: A Boon for Monitoring and Compliance

By Osvaldo Berrios, SME, Compliance, NICE Actimize. The financial services industry is undergoing a transformative shift, with artificial intelligence (AI) playing a central role. Investment firms are starting to explore the potential of Generative AI (GenAI) to enhance their business dealings, particularly in the areas of monitoring, surveillance and regulatory compliance. Monitoring and Surveillance One...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...