FinTechAutomationBTL Interbit platform moves to next stage

BTL Interbit platform moves to next stage

The Canadian technology developer is expanding the initiative after a successful 12-week pilot with energy majors.

Canadian technology developer BTL Group is moving towards a go-to production phase on its Interbit platform, after successful completing its European energy trading pilot with BP, Eni Trading & Shipping and Wien Energie.

The 12-week pilot involved building out an energy trading confirmation solution on the platform, which was successful in all eight test scenarios for streamlining many trading and back office processes across the energy trade lifecycle.

BTL is now extending invitations to other energy companies to join the six-month go-to production phase, where the company and participants would work to launch a live, commercial version of the energy trading solution. By running Interbit in parallel with each company’s existing systems, this phase would seek to take the completed pilot forward, with the aim to integrate Interbit and its energy trading solution into live environments.

The pilot also enabled participants to assess other areas of their business in which they can use the platform, and BTL is now actively working with several to explore applications of Interbit across additional business units.

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