Amazon Web Services (AWS) has entered into a partnership with Waton Securities International to introduce a secure and compliant one-stop FinTech solution called Broker Cloud.
The new solution is expected to help global brokerage firms and financial institutions in their digital transformation.
FinTech software as a service (SaaS) solutions and brokerage operations are both covered by the Broker Cloud solution.
Waton Securities offers one-stop execution and clearing services to licensed brokerage firms for major stock markets along with asset management solutions.
Besides, the firm provides an integrated one-stop solution for financial institutions, which lack middle/back office infrastructure or IT capabilities to launch their trading platforms and manage brokerage operations digitally.
The new solution, which is supported by FinTech and cloud technological infrastructure, will allow licensed financial institutions across the globe to easily set up their own digital trading and investing platforms, stated Waton Securities.
Furthermore, the licensed financial firms are expected to be able to offer mobile APP and integrated and service solutions to their users through Broker Cloud.
According to Waton Securities CEO Kai Zhou, digital transformation and upgradation of conventional brokerage platforms are inevitable.
The new solution is said to have delivered services to various licensed brokerages and institutions in Hong Kong, Australia, and New Zealand.
Zhou said: “We firmly believe that Waton Securities International, with 33 years of history and service experience in the brokerage industry, partnering with AWS’ strong infrastructure and technology advantages, will empower more global brokerage firms and financial institutions to break through existing barriers and deliver best-in-kind customer services to global users efficiently and effectively, while creating more value-add through tailored digital solutions.”
