Saxo Bank Japan is set to use Torstone Technology’s Inferno to enhance regulatory reporting.
Inferno will replace Saxo Bank Japan’s legal ledger legacy system to support regulatory reporting on the cloud for its existing and new equity business.
The first phase of the migration to Inferno has already gone live.
Brian Collings, CEO of Torstone said: “The launch of the first phase of Saxo Bank Japan’s migration to Inferno is a credit to our local team of experts and shows our trusted position in the Japanese market. We look forward to continuing to strengthen our presence in Japan by supporting Saxo Bank with its regulatory requirements through our fully cloud-hosted solution.”
Francisco Izawa, CEO of Saxo Bank Japan, added: “By replacing our legal ledger with Inferno, Torstone has provided a foundation to help Saxo Bank grow our 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.”
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