TradeIt to Work with IBM Cloud for Financial Services Using Blockchain
TradeIt Integrates With IBM Cloud for Financial Services
TradeIt has announced that it is working with IBM to help developers bring portfolio and order management tools to their end users. Tradeit is an integrated application programming interface (API) platform linking investors to online brokers.
Understanding that consumers are increasingly using apps and social networks to propel their business and manage personal finances, TradeIt’s integration into the IBM Cloud for Financial Services will allow app developers to access the best in class API solution for apps that are safe and secure for the end-user.
Nathan Richardson, TradeIt Co-Founder and CEO, said APIs are the answer to the growing problem of ensuring the privacy of consumers’ financial data, particularly due to screen-scraping.
Not only do APIs offer a more tailored solution where you essentially get only what you need, they create a huge potential for innovation.
Nathan added that their partnerships with companies like IBM and top brokers allow developers secure integration for both mobile and web platforms, in-turn giving all stakeholders the necessary peace of mind.
TradeIt provides a simple and concise interface to join app developers and financial institutions with stakeholders’ diverse retail portfolios. Investors can initiate a trade from any given quote page or finance destinations such as Yahoo! Finance, and then be taken to their select broker screen to sign-in, view their synced account, and execute the order in a secure manner.
The IBM Cloud for Financial Services is an API marketplace that brings together FinTech and financial services institutions to rapidly build the finance apps of the future. Built on the IBM Cloud™, developers can share innovative applications, APIs, data and content on a secure, cloud platform designed for banks, financial market institutions, and insurance companies. More than 100,000 individual and enterprise developers from the financial services industry already turn to IBM monthly for insight and support.
Developers using TradeIt through IBM Cloud for Financial Services are able to use the TradingTicket and PortfolioView products to synchronize data and trading with almost all U.S. brokers, within minutes in a protected manner. Supporting all order types and asset classes, stakeholders are able to access a truly revolutionary method for online wealth management with the ability to complete multi-brokerage orders while safeguarding materially sensitive information.