Tradeteq is collaborating with Microsoft to automate the process of distributing trade finance assets through a new cloud infrastructure to make the process more scalable and efficient.

The collaboration enables the build-out of a market infrastructure which allows financial institutions to efficiently run trade finance distribution workflow processes while complying efficiently with data residency requirements.

Tradeteq will be providing its platform through Microsoft’s Azure cloud platform with access to over 60 regions globally.

It promises to improve access, data resonance and security for institutions utilising Tradeteq’s services. With the data service banks will be able to “hold, maintain and access data with ease”, said the partners.

“With distributing trade finance assets being a long-standing challenge for banks, having improved access to a product that helps overcome the data issues faced from different jurisdictions will be a boon to distribution,” they said.

Tradeteq has also become a partner in Microsoft’s reseller programme, which allows the company to efficiently connect and collaborate with potential new clients.

Christoph Gugelmann, chief executive of Tradeteq, said: “Connectivity is a vital component to improving access for banks in trade finance. By using a cloud-based product, financial institutions can improve their ability to connect, trade and distribute trade finance assets - regardless of their location.”

He added: “Connectivity also extends to our role in the reseller programme, allowing us to be readily available for other banks keen to take advantage of our service.”

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