BT Global Services has signed a deal with Volante Technologies to boost the capabilities of its Radianz Cloud offering.
US-based Volante offers financial data integration and processing software to 80 companies in 26 countries.
BT said integrating the vendor’s entire suite of applications would enable its financial services customers to improve the reliability of their clearing, settlement and payment transactions processing.
For example, Volante’s software will be used with the Radianz financial messaging platform that banks, brokers and financial exchanges use for conducting transactions.
The operator’s Radianz Cloud product, a connectivity platform designed specifically for financial firms, includes capabilities that lower latency between trades.
Volante Technologies CEO Vijay Oddiraju said: “The combination of Volante Technologies’ software and BT Radianz Messaging services will help firms deal with the diverse, complex and ever-expanding mass of data message formats, standards and protocols generated throughout the life-cycle of every financial transaction.
“This helps to keep customers abreast of developments in the market and removes the burden of updating systems.
BT Global Services saw revenues in the six months to September fall six percent as it continues to be hit by a decline in public sector revenues.
Ashish Gupta, President of UK Corporate and Global Banking & Financial Markets at the operator, said: [This deal] is a great example of what we at BT call a Cloud of Clouds approach — allowing our customers around the world to connect easily and securely to the data centres, applications and data they need, independently of where they are hosted.”