Bityard has been granted two crypto financial licenses by the Estonia Financial Supervision Authority (MTR), and will keep focusing on providing safe and reliable crypto trading services to the investors around the world.
Trintech, a leading global provider of integrated Record to Report software solutions for the office of finance, today announced that it has been named a ServiceNow Elite Partner in the ServiceNow Technology Partner Program. As an Elite Partner, Trintech is also announcing a new financial close automation solution, CadencyDirect, available through the ServiceNow Store. CadencyDirect is designed to leverage the Now Platform and is among the first integrations of digital workflows for the office of finance.
CadencyDirect is built on Trintech’s industry-leading Cadency(R) solution that combines all financial close activities into a single, seamless process, including operational matching, intercompany transaction management, balance sheet reconciliations, journal entry management, close task management and compliance. Cadency supports 100s of ERP instances including SAP(R), Oracle(R) and NetSuite(R). Cadency clients include ABB, Albertsons, AON, Carlson Wagonlit Travel, GSK, Ingram Micro, Kroger, Microsoft, Sanofi, Secure Trust Bank, Uber, Volvo AB, and Western & Southern.
“Enterprise organizations are facing complex, new challenges as they work to scale and grow in the current environment,” said Teresa Mackintosh, CEO at Trintech. “A comprehensive digital workflow transformation is vital to their future success, and our partnership with ServiceNow brings together two enterprise powerhouse offerings – Trintech’s CadencyDirect on the ServiceNow platform – to make that transformation achievable.”
The solution also provides existing Trintech customers and prospective customers with an ability to expand into the broader ServiceNow portfolio of solutions.
“As 21st century enterprises accelerate their digital transformation efforts, they understand the need to digitize workflows across every department to drive greater efficiencies and better employee experiences,” said Karel van der Poel, Senior Vice President, Product Incubation at ServiceNow. “For finance organizations, CadencyDirect complements and extends financial operations management so that CFOs and their teams can digitize workflows across the financial close process – reducing complexity and risk, accelerating the overall process, and driving a greater experience for finance teams.”
For more information, please contact either your appropriate ServiceNow or Trintech representative or go to www.trintech.com/CadencyDirect for more information.
Trintech Inc., a pioneer of Financial Corporate Performance Management (FCPM) software, combines unmatched technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company’s cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.
Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands and the Nordics, as well as strategic partners in South Africa, Latin America and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.
Kristina Pereira Tully
Bityard has received the new licenses (virtual currency exchange license and e-wallet licenses), having previously received licenses from the Business Administration of Singapore (ACRA), the United States Financial Supervisory Authority (MSB), and the Australian Transaction Reporting and Analysis Center (AUSTRAC) to stay highly compliant with the regulations of crypto trading.
Estonia is one of the countries that takes the lead in applying the technologies related to blockchain in the world. The blockchain related technology even allows every Estonia citizen to have a digital ID, which makes the life in Estonia become much more convenient. Furthermore, Estonia also followed EU Fifth Anti-Money Laundering Directive (AMLD5) including the implement of strict ID authentication process in crypto investment market.
For any crypto trading service provider in the market, being in compliance with financial regulations is essential for its business. Most crypto exchanges follow the regulations and obtain different financial licenses issued by international authorities. Among many types of different financial licenses, those issued by Estonian Financial Regulatory Authority (MTR) are specifically for cryptocurrency trading and investment.
Bityard aims to create a safe and reliable crypto trading platform for global investors. In November 2020, Bityard has launched crypto spot trading service with Binance, one of the largest crypto exchanges in the world, as its crypto liquidity provider, to bring more than 30 cryptocurrency spot trading options for global investors.
Bityard services currently support many languages including English, Chinese, Russian, Japanese, Korean, Portuguese, Vietnamese, and Indonesian, and will continue to expand its business in order to meet the needs from global market.
Adhering to the product concept of “complex contract simple trade”, Bityard is determined to provide a “highly professional, low threshold” trading environment to investors around the world. In the future, Bityard will keep improving its services and bring a better crypto trading experience to its users.
Bityard is the world’s leading crypto exchange, with Muay Thai superstar Buakaw Banchamek as the brand ambassador, providing customers from more than 150 countries with safe, simple and fast digital currency trading services. Bityard’s copy trade function is designed to make contract trading easier for beginners. In the future, Bityard will continue to improve its products to provide users with better trading services. Bityard official website: www.bityard.com