Torstone wins Best Use of Cloud category at Risk Awards
London, 22 February 2022 – Torstone Technology, a leading global SaaS platform for post-trade securities and derivatives processing and risk management, today announced that it has won the Best Use of Cloud category at the Risk Awards for its Torstone Risk platform.
The Torstone Risk Platform provides a centralised ‘single source of truth’ for all risk data within a firm, making it easier and faster for risk teams to analyse and act on risk exposures in real time, as well as automating the collection, cleansing and management of both input and output risk data.
Torstone Risk was recognised by the judging panel for allowing clients to simply access sophisticated risk models and powerful data services across asset classes through the cloud. Torstone was also commended for delivering greater data transparency, analytics, hybrid pricing interoperability and real time risk to clients through the cloud-based platform.
Brian Collings, CEO for Torstone Technology, said: “The cloud is an incredibly powerful tool which is transforming financial services technology. Winning such a prestigious industry award for Torstone Risk is a fantastic acknowledgement of our risk management credentials, using cutting edge data, analytics and modelling to help clients manage and mitigate risk. Looking ahead, we intend to build on this success as we look to expand in the space and develop our market-leading platform.”
The Risk Awards recognise the most innovative technologies and market participants in the global risk space and are judged by an expert panel which includes technology users, analysts and members of the Risk.net editorial team.
The win follows a series of accolades for Torstone, including recognition at the IBSi FinTech Innovation Awards, Harrington Star’s Top 1% Workplace Awards and in the Chartis RiskTech100® 2022.
– Ends –
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.