Business Desk :
Microsoft and UCB Stock Brokerage Ltd announced a strategic partnership with the aim of running UCB Stock Brokerage’s entire technology stack on Microsoft Azure.
Companies in the financial services industry often take a conservative approach to technology because they manage and must protect sensitive customer information. UCB Stock Brokerage takes that responsibility seriously. But it also understands that technological innovation can enable better customer service and increased operational efficiency without sacrificing data safety. With the partnership, UCB Stock Brokerage aims to lead at the forefront of technology developments in the financial industry. “Cloud computing is an enabler for financial institutions to modernize their infrastructure and systems, to gain the agility they need to respond to competitive pressures, regulatory environments, and customer demand,” said Mohammed Rahmat Pasha, Managing Director & CEO, UCB Stock Brokerage Ltd. “To realize 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.” 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. With its strong compliance and top-notch research, corporate access, and execution services, the company is playing a key role in bringing large foreign portfolio investment in Bangladesh from the United States, Europe, and Asia. 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.
