Tradeteq, the global hub for trade finance distribution, has today announced its collaboration with Microsoft.
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 flexible cloud platform Azure with access to over 60 regions globally.
Through utilising Tradeteq’s cloud service, banks will be able to hold, maintain and access data with ease. This will improve access, data resonance and security for institutions utilising Tradeteq’s services. With distributing trade finance assets being a longstanding 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.
Tradeteq has also become a partner in Microsoft’s reseller program, which allows the company to efficiently connect and collaborate with potential new clients.
Christoph Gugelmann, CEO of Tradeteq comments, “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. 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.”