The move will ensure scalability, flexibility and security in the bank’s digital infrastructure
Elly Yates-Roberts |
Danish investment firm and fintech specialist Saxo Bank is to run its entire technology stack on the Microsoft Cloud.
The move will enable Saxo Bank to ensure scalability, flexibility and security in its digital infrastructure – a fundamental part of its growth strategy.
“The future of financial services is cloud based, and by partnering with Microsoft we take part in shaping this future,” said Kim Fournais, founder and CEO of Saxo Bank. “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 digitisation and support our ambitious growth plans.”
A trusted platform is the foundation for running financial services in the cloud, and organisations such as Saxo Bank that continuously develop to stay at the forefront of technology will become the digital leaders of the future.
“We are excited to help Saxo Bank shape the future of trading and investment on our cloud platform,” said Judson Althoff, executive vice president, Worldwide Commercial Business, Microsoft. “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.”