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ING links into specialist financial services cloud platform

ING links into specialist financial services cloud platform

Another sign of an industry specific cloud

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Potential investors are being offered a cloud service with ING Bank.

ING is offering its brokerage, cash management, custodian and other investor services, at least at first in Russia, via BT's Radianz Cloud community, which serves a variety of industries.

The BT Radianz financial community of 15,400 member locations globally will now be offered "a fast, nimble and secure connection" to ING Bank, giving them direct market access to local stock exchanges Moscow Interbank Currency Exchange (MICEX) and Russian Trading Systems (RTS). They will be able to access pre-trade risk monitoring, high-speed order entry, co-location, trade multiple asset classes and ING custodian and cash management services.

Tom Regent, president of BT global banking and financial markets, said: "Foreign investors are increasingly interested in Russia as a growth market so adding ING's investor services to the BT Radianz Cloud opens yet another gateway for them to access Russian markets."

Stanislav Yarushevichus, deputy head of financial markets and head of trading at ING, said: "As it supports the world's largest secure networked financial services community BT Radianz Cloud is the ideal eco-system for ING Bank to offer our services to a larger pool of global investors interested in trading on Russian markets."

BT's specialist team of local experts, based in Moscow, serve the needs of local and foreign multinational clients from the financial services industry and other sectors.

In other industry-specific cloud news, a casino cloud has been built in the US, in a further sign of the trend towards industry-tailored software-as-a-service solutions. International Game Technology (IGT) is using the AppLogic cloud computing platform from CA Technologies to deliver its casino software through the cloud.

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