novobanco integrates Nasdaq Calypso into capital market operations
15 January 2025 Portugal
Image: Nasdaq
Portuguese independent domestic bank, novobanco, has extended its partnership with Nasdaq Calypso to support its entire capital market operations.
After nearly two decades of using the solution for back-office processes, including trade settlement, the bank will now incorporate its risk and front-office functionality to support its treasury infrastructure.
Through this move, novobanco aims to enhance its operational efficiency and agility, as well as support its evolving business needs.
Nuno Duarte, head of treasury and finance at novobanco, says: 鈥淏y streamlining our infrastructure and enhancing the efficiency of our operations, we are better positioned to deliver a more personal, customer-centric experience to our clients, while supporting sustainable growth.鈥�
Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management, and post-trade processing.
Gil Guillaumey, senior vice president of capital markets technology at Nasdaq, comments: 鈥淓uropean banks are on an extraordinary modernisation journey and the decision to consolidate novobanco鈥檚 capital markets infrastructure underscores the bank's commitment to innovation and superior client services.
鈥淭hrough this partnership, novobanco gains the flexibility and scalability required to meet new industry standards, navigate regulatory changes, and capitalise on new growth opportunities.鈥�
After nearly two decades of using the solution for back-office processes, including trade settlement, the bank will now incorporate its risk and front-office functionality to support its treasury infrastructure.
Through this move, novobanco aims to enhance its operational efficiency and agility, as well as support its evolving business needs.
Nuno Duarte, head of treasury and finance at novobanco, says: 鈥淏y streamlining our infrastructure and enhancing the efficiency of our operations, we are better positioned to deliver a more personal, customer-centric experience to our clients, while supporting sustainable growth.鈥�
Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management, and post-trade processing.
Gil Guillaumey, senior vice president of capital markets technology at Nasdaq, comments: 鈥淓uropean banks are on an extraordinary modernisation journey and the decision to consolidate novobanco鈥檚 capital markets infrastructure underscores the bank's commitment to innovation and superior client services.
鈥淭hrough this partnership, novobanco gains the flexibility and scalability required to meet new industry standards, navigate regulatory changes, and capitalise on new growth opportunities.鈥�
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