Microsoft and Saxo Bank have partnered to run Saxo Bank’s technology stack on the Microsoft Cloud.
As part of the partnership, Saxo Bank aims to be at the forefront of cloud-based solutions in the financial industry, leveraging Microsoft Cloud to ensure scalability, flexibility and security in the digital infrastructure.
Saxo Bank focuses on multi-asset trading and investment. Headquartered in Copenhagen, Denmark and delivering ‘banking-as-a-service’, Saxo Bank allows other banks and brokers to leverage its technology and global capital markets access.
Kim Fournais, founder and CEO of Saxo Bank, commented: “The future of financial services is cloud based and by partnering with Microsoft we take part in shaping this future. Saxo Bank was a fintech long before the term was created, and it is a natural step for us to also pioneer cloud-based solutions in financial services.”
He added: “By leveraging the Microsoft Cloud, we can spend more time on developing technology and less time on running it, allowing us to continue to stay at the forefront of client focused digitisation and support our ambitious growth plans.”
“We are proud to break new ground together with Microsoft and look forward to be working with key stakeholders such as regulators to ensure that cloud solutions continue to evolve and support the high regulatory standards that define the financial industry.”
Judson Althoff, executive vice president of worldwide commercial business at Microsoft, said: “We are excited to help Saxo Bank shape the future of trading and investment on our cloud platform. Saxo Bank is at the forefront of fintech and our partnership will enable financial service organisations to securely harness data to better serve their clients.”
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