Taskize and Microsoft Teams integrate to allow users to extend workflow internally 


Taskize, the leading provider of inter-company workflow to the financial services industry, today announced that it is integrating with Microsoft (MS) Teams to allow its users to have closer proximity to their colleagues, without any loss of workflow. 

The global web-based network, which includes global investment banks, brokers, asset managers, hedge funds, CSDs, custodians and CCPs, allows member firms to manage operational issues across counterparties and internally within the organisation. The integration means that Taskize users can collaborate with their internal colleagues who that use MS Teams, eliminating the need to leave their platform of choice and copy information between tools. 

When a back-office colleague raises a Taskize Bubble in the platform, the query appears as an MS Teams message for their colleague. Each issue appears as a separate item in the Teams Channel and all changes are reflected in real-time, so both Teams and Taskize users are kept up to date with the progress of the issue and benefit from the workflow features offered by Taskize. This enables firms to improve audit trials, resolve issues more efficiently, and enhance internal communication.  

With firms seeking faster and more efficient resolution of settlement and margin disputes as the move to T+1 edges closer following the SEC’s announcement of a May 2024 deadline, the need for accurate and seamless internal workflow has never been more important. 

Phil Slavin, CEO of Taskize, said: “Now, more than ever with the T+1 deadline set in stone, financial institutions are looking for ways to improve their settlement efficiency. Yet, the current collaboration between colleagues is not fit for purpose. With this integration, we’re bridging the gap between back and front office staff to allow them to remain on their platform of choice, all while resolving post-trade issues more efficiently.”  

“This is a significant integration and is testament to the appeal of Taskize in harmonising core processing systems and messaging services.”, adds Kishan Bharwad, Head of Product at Taskize, “It is innovations like this that enabled us to reach a milestone last year of over 500 financial firms – and this growth will continue as more and more firms realise the operational gains of inter-company workflow.”