The dialogue of digitalisation is incomplete without mention of mobile and/or tablet applications that a private bank can offer its clients. Yet, many private banks are still in the early stages of such development, with rudimentary functionalities yet to come online in a holistic, tangible manner. Few of these interfaces, in Asia at least, are ready for a high net worth client base.
Indeed, based on Asian Private Banker’s Tech Survey 2015, only 50% of private banks polled offered mobile apps for clients in Asia.
TradingScreen meanwhile has delivered a solution through its SaaS (solution as a service) platform to create TradeNext, an app which is available as an HTML5 infrastructure and extends to the global multi asset offering of many private banks in the region. It is suited to the desktop and mobile and by imbuing it with trading capabilities, TradingScreen has also ensured that TradeNext transcends the basic functionalities of an app. The company has a growing presence in Asia with offices in Singapore, Australia and Hong Kong.
The development also played a role in TradingScreen’s partnership with Singapore Exchange (SGX) in a project that went live in November 2015. TradingScreen created a trading platform for the first OTC liquidity venue dedicated to Asian bonds. TradeNext was deployed to both buy and sell side firms as a complete ecosystem was fleshed out at users’ fingertips.
As an independent provider of electronic trading solutions, TradingScreen also offers a front-office integrated solution including an order management system (OMS) and an execution management system (EMS) for orders/messages at dealing desks of private banks.
With its knowledge of front- and back-office tools, the technology vendor is well positioned to roll out its mobile/tablet app TradeNext, and is in our opinion the region’s Best Mobile/Tablet App Developer in 2015.