Torstone Technology Awarded Best Middle-Office Solution at FTF News Technology Innovation Awards
London, 8 June 2021 – Torstone Technology, a leading SaaS provider of post-trade securities and derivatives processing, announced today that its flagship cloud-based Middle-Office platform has been recognised as Best Middle-Office Solution at the 2021 FTF News Technology Innovation Awards.
The winner of this category has been chosen from a number of middle-office solution providers that offer IT resource management services, risk management, risk data analytics, client and security master database support, and services for the coding, configuration, and verification of trades. The final list of award winners has been determined by industry peers through an independent voting process.
The annual FTF News Technology Innovation Awards honours the professionals, financial technology vendors, service providers, industry bodies and regulators that have made significant strides and noteworthy achievements in operational excellence during the past year.
Commenting on the win, Brian Collings, CEO of Torstone Technology, said: “It’s an honour that our platform has been voted as the leading Middle-Office solution in a year that has marked a turning point for the entire industry. Now more than ever, it is of utmost importance for firms to invest in automating the middle office, not only because of the issues created by Covid, but also CSDR regulation and the push to T+1. This recognition demonstrates our commitment to develop solutions that can help our global clients reduce costs and increase operational efficiency.”
Torstone’s award-winning Middle-Office engine provides extensive cross-asset functionality allowing holistic operations through to the back office seamlessly. It delivers real-time, multi-asset allocation and confirmation workflow processing from the cloud. Torstone’s focus on automation and straight-through processing means firms’ can focus on the exceptions highlighted in real-time, bringing higher levels of efficiency across the middle office.
Testament to the success of the service is the latest client onboarding, ABG Sundal Collier (ABG), the Nordic investment bank, which extended its use of the Torstone platform to include middle office workflow in addition to Nordic settlement services.
“As we celebrate the Tenth Anniversary of the FTF Awards and the 15th Anniversary of FTF, it has proven to be one of the most competitive to date. Not only did we get more than 220 nominations, but we also had a staggering number of voters from the industry — 20,000+,” said Maureen Lowe, founder, and president, FTF and FTF News.”
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About Torstone Technology www.torstonetechnology.com
Torstone Technology is a leading global SaaS platform for post-trade securities and derivatives processing and risk management. We simplify the complexities of operational and risk workflows by connecting global financial industry expertise with technology innovation to provide comprehensive functionality, business process automation, and world-class client service to financial institutions across the globe.
Combining many decades of investment banking expertise with in-depth global financial market and technology industry knowledge, we offer agile, secure, scalable, and cost-effective solutions. Torstone’s Cloud-based, award-winning technology enables global financial firms to reduce costs, achieve greater operational efficiency, drive revenue growth, and minimize risk.
We are a fast-growing company headquartered in London, with offices in New York, Toronto, Hong Kong, Singapore, and Tokyo.