Microsoft and UCB Stock Brokerage Ltd recently announced a strategic partnership with the aim of running UCB Stock Brokerage’s entire technology stack on Microsoft Azure.
With the partnership, UCB Stock Brokerage aims to lead at the forefront of technology developments in the financial industry, read a press release received on Tuesday.
“Cloud computing is an enabler for financial institutions to modernise their infrastructure and systems, to gain the agility they need to respond to competitive pressures, regulatory environments, and customer demand,” said UCB Stock Brokerage Ltd Managing Director & CEO Mohammed Rahmat Pasha.
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“To realise our digital ambitions, UCB Stock Brokerage has chosen Microsoft as a strategic partner and this partnership marks a major milestone for the brokerage in adopting a cloud-first approach,” he added.
UCB Stock Brokerage is one of the largest stockbrokers in Bangladesh and is currently ranked #1 among all the brokers in the Dhaka Stock Exchange. Expecting the number and scale of partnerships to grow significantly, UCB Stock Brokerage has decided to leverage the Microsoft Cloud to ensure scalability, flexibility, and security in the digital infrastructure.
“We are excited to help UCB Stock Brokerage shape the future of trading and investment on our cloud platform,” Microsoft Bangladesh Managing Director Md Yousup Faruqu.
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UCB Stock Brokerage worked with Microsoft partner Tech One Global to implement a solution roadmap that would fit its needs. Tech One Global has been a leading Microsoft partner for over 18 years focusing on content services and modern workplace solutions using Microsoft technologies.
“Our team is grateful for the opportunity to work closely with Microsoft as a key partner for organisations like UCB Stock Brokerage,” said Tech One Global Bangladesh General Manager Thamilselvi Jayaraman.
“The future of financial services is cloud based, and by partnering with Microsoft we take part in shaping this future in Bangladesh,” said UCB Stock Brokerage Head of IT, Innovation Lab & Digital Services Mohd Taneem Hasan.
