Huddlestock subsidiary Visigon has entered a partnership with T-Systems Nordic, a Deutsche Telekom subsidiary. The aim is a European cloud solution for Visigon's capital markets and treasury systems, with data stored within the EU.
Photo: Jens Woeste, interim CEO of Visigon AB
Huddlestock Fintech AS says its subsidiary Visigon has entered a partnership with T-Systems Nordic to explore a strategic infrastructure agreement. Visigon is the Nordic advisory company within the Huddlestock Group with expertise in capital markets and treasury technology, while T-Systems Nordic is part of Deutsche Telekom. The parties are working towards a binding agreement.
Under the planned agreement, T-Systems Cloud is intended to form the new base infrastructure for Visigon Cloud. The service covers end-to-end hosting and management of Nasdaq Calypso X-Asset Front-to-Back, a trading and treasury management system, as well as hosting of Visigon Impact, the company's investment advisory and reporting solution. The aim is to offer financial institutions a fully European-hosted solution in which data is processed and stored within the EU.
Huddlestock says the partnership responds to growing regulatory and operational demand among European financial institutions for treasury infrastructure that meets EU data sovereignty requirements. By combining Calypso's institutional-grade functionality with T-Systems Nordic's pan-European data centre footprint, the company believes it can offer a differentiated alternative in the European treasury technology market.
"Recent geopolitical developments have brought the importance of sovereign infrastructure into sharper focus for financial institutions. By combining Visigon's capital markets expertise with T-Systems' sovereign infrastructure, we give clients a strong foundation to modernise their operations and adopt AI with confidence," says Jens Woeste, interim CEO of Visigon AB.
"We see growing demand for sovereign cloud and AI solutions, and our partnership with Visigon brings these capabilities to capital markets clients with security, resilience and sustainability in focus," says Mikael Falk, director of business development and strategic sales at T-Systems Nordic.
The parties are now working towards a binding agreement, and Huddlestock says it will provide further updates as the partnership progresses.
"This is one of our first steps towards a more shared direction and commercial force across several product lines, marking our presence as a scalable and proven financial services provider within the European space," says Ramtin Matin, interim CEO of Huddlestock Group.
Sources: Huddlestock Fintech, Visigon
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