Saxo Bank head in the Cloud
April 24, 2018

Microsoft and Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank's entire technology stack on the Microsoft Cloud.

Financial services are at a transformational tipping point, they note. It is key for financial organizations to harness data and cloud services as a strategic asset, shifting from hindsight to foresight closely hinged on security, privacy and regulatory compliance. With the partnership, Saxo Bank says it aims to be at the forefront of cloud-based solutions in the financial industry.

Saxo Bank is a financial technology (fintech) specialist focused on multi-asset trading and investment, servicing clients in more than 170 countries with access to investments in global capital markets and headquartered in Copenhagen, Denmark.

Saxo Bank delivers "Banking-as-a-service" allowing other banks and brokers to leverage Saxo Bank's technology and global capital markets access. Expecting the number and scale of partnerships to grow significantly, Saxo Bank has decided to leverage the Microsoft Cloud to ensure scalability, flexibility and security in the digital infrastructure.

"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.

"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 digitization and support our ambitious growth plans", said Kim Fournais, founder and Chief Executive Officer, Saxo Bank.

 





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Microsoft and Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank's entire technology stack on the Microsoft Cloud.

Financial services are at a transformational tipping point, they note. It is key for financial organizations to harness data and cloud services as a strategic asset, shifting from hindsight to foresight closely hinged on security, privacy and regulatory compliance. With the partnership, Saxo Bank says it aims to be at the forefront of cloud-based solutions in the financial industry.

Saxo Bank is a financial technology (fintech) specialist focused on multi-asset trading and investment, servicing clients in more than 170 countries with access to investments in global capital markets and headquartered in Copenhagen, Denmark.

Saxo Bank delivers "Banking-as-a-service" allowing other banks and brokers to leverage Saxo Bank's technology and global capital markets access. Expecting the number and scale of partnerships to grow significantly, Saxo Bank has decided to leverage the Microsoft Cloud to ensure scalability, flexibility and security in the digital infrastructure.

"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.

"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 digitization and support our ambitious growth plans", said Kim Fournais, founder and Chief Executive Officer, Saxo Bank.

 



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