Leonteq Forms Strategic Collaboration With Google Cloud

//Leonteq Forms Strategic Collaboration With Google Cloud

Leonteq Forms Strategic Collaboration With Google Cloud

Leonteq AG  today announced a new collaboration with Google Cloud to support its platform scalability by extending its infrastructure to the cloud. Furthermore, Leonteq will adopt Site Reliability Engineering (SRE) which aims to deliver scalable and highly reliable software systems.

As part of its ongoing business transformation, Leonteq has entered into a collaboration with Google Cloud to augment its distributed (grid) computation capacities using infrastructure from Google Cloud.

Google Cloud offers Leonteq additional flexibility and performance at scale for its core grid computation processes, creating benefits throughout all business functions.

This initiative is part of the key strategic initiatives announced in mid-2018 to transform its business model with a focus on delivering enhanced scalability and further growth, achieving optimized capital usage, and completely renewing the investment experience for clients and partners based on a fully digitalised approach.

By leveraging Google Cloud infrastructure, Leonteq is able to increase its computation power by elasticising its grid capacity from two on-site data centres into the cloud, and thus meet the higher computation demand that accompanies business growth and increased demand for the pricing and trading of structured investment products from its clients and white-labelling partners.

This will particularly benefit the expansion of new modules and features on Leonteq’s digital marketplace (LynQs), the newly designed AMC gateway client portal as well as Leonteq’s Smart Hedging Issuance Platform (SHIP) as the latter moves to become fully operational by mid-2020. Leonteq’s issuance partners will additionally experience enhanced business continuity management, faster platform rollouts, and improved regulatory and risk management.

As Leonteq moves to expand its core processes into the cloud, it will also work closely with Google Cloud to implement Site Reliability Engineering (SRE), a practice that treats infrastructure and operational aspects as if they were software issues. With Google Cloud’s guidance, Leonteq will further improve its platform performance to ensure highest quality service. As a leading marketplace for structured investment solutions, Leonteq has made extensive investments in its digital marketplace LynQs and its structured products offering platform, and views implementing SRE practices as a natural step in remaining at the forefront of technological developments.

Lukas Ruflin

Lukas Ruflin

Lukas Ruflin, Chief Executive Officer at Leonteq stated:

“As we continue transforming our business model towards a higher degree of scalability by innovating our technology platform, it is of high importance that we work with a company also pushing the boundaries of what is and what is not possible. We are excited to be working closely with Google Cloud to bring our core computations to the cloud as well as to adopt the SRE method within our product organisation.”

Christian Sciullo

Christian Sciullo

Christian Sciullo, Country Director Google Cloud Switzerland & Austria, added:

“We are pleased to welcome Leonteq aboard Google Cloud and to partner with one of Switzerland’s most innovative players in the financial services industry to enhance their distributed computation capacities through our Google Cloud infrastructure. We look forward to contributing to the success of Leonteq’s innovative offering for structured products by providing flexibility and performance at scale through our cloud technology that will benefit their business functions altogether.”

 

Featured image credit: Freepik

The post Leonteq Forms Strategic Collaboration With Google Cloud appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.


Quelle: Bitcoin News

By | 2020-07-02T10:01:28+01:00 Juli 2nd, 2020|News|Kommentare deaktiviert für Leonteq Forms Strategic Collaboration With Google Cloud

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