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Baton Systems wins “Best New Technology Introduced Over The Last 12 Months – Trading, Risk and Compliance” at the American Financial Technology Awards
– Baton Systems (“Baton”), the global fintech digitally transforming post-trade processing using distributed ledger technology (DLT), is delighted to announce that it has been awarded “Best New Technology Introduced Over The Last 12 Months – Trading, Risk and Compliance” at the American Financial Technology Awards 2022.
The award adds to Baton’s 2022 success having won Best Settlement Initiative for the second year running at the FX Markets e-FX Awards in June, the firm’s DLT win at the April Sell-Side Technology Awards and acknowledgement as one of “The Most Influential Fintech Firms 2022” by the The Financial Technologist in March.
Baton’s latest award recognises the firm’s success in achieving the world’s first interbank riskless settlement outside of CLS with its Core-FX solution. The DLT-powered platform is now being used by leading global financial institutions to transform their entire post-trade operations from trade-matching, through netting to Payment vs Payment (PvP) settlement. In doing so, empowering firms to take control and address the most critical risk, capital and liquidity issues impacting post-trade today.
The American Financial Technology Awards are now in their sixth year and aim to honour excellence in the deployment and management of financial technology. The award was presented during a ceremony that took place on December 2nd 2022.
Commenting on the recent award win, Arjun Jayaram, Founder and CEO of Baton Systems, said: “It’s a privilege to be recognised in this year’s American Financial Technology Awards. The hard work and dedication of our team has been fantastic and this award acknowledges the industry value they are delivering. We strive to deliver transparency and auditability by building new payment rails for the capital markets and are transforming the entire post-trade process making it faster, more efficient and eradicating rising levels of settlement risk. It’s a great way to close what has been an extraordinary year for Baton and we’re very excited about what’s in store for the future.”