Torstone wins Cloud Innovation category at Fintech Innovation Awards
London, 11 January 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 Most Innovative Cloud Deployment: Most Agile & Adaptable category at the IBSi FinTech Innovation Awards, for its work with investment banking and global wealth management client, Stifel Europe.
Torstone was recognised by the judging panel for helping Stifel Europe to consolidate and automate its post-trade operations in real-time across asset classes through the Torstone cloud platform, to support its rapid growth while cutting costs, offering greater flexibility and simplifying workflow. Torstone was also commended for the smooth and efficient remote implementation of its cloud-based solution during the pandemic, which would have been impossible with an on-premises solution.
Brian Collings, CEO for Torstone Technology, said: “We are deeply proud of our collaboration with Stifel Europe, deploying our cloud-based platform to deliver the firm an automated and consolidated post-trade solution to support its rapid growth. The recognition of the judges at the Fintech Innovation Awards truly demonstrates the innovation and hard work delivered by the Torstone team, working through the pandemic to remotely deliver a cutting-edge solution.”
The third annual Fintech Innovation Awards recognise the most significant advancements in fintech, with over 190 participants from 48 countries competing for this year’s awards. The win follows a series of awards for Torstone, including recognition at the Harrington Star Top 1% Workplace Awards and being listed as a rising star in the Chartis RiskTech100® 2022.
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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.