Emirates NDB updates to Calypso 15 for treasury ops
Emirates NBD, a financial institution in the Middle East, has partnered with Calypso Technology to implement the Calypso treasury platform.
Calypso brings on its version 15 for treasury
This is part of Emirates NBD’s multi-year digital transformation plan. It has made an AED 1.5 billion ($410 million) investment towards digitising operations, products and services for its corporate clients and retail customers.
“Aligned with this objective, we are very pleased to have completed the implementation of Calypso Version 15, a fully centralised, upgraded treasury enterprise solution in place for all international markets, that also delivers full resilience, availability and real-time monitoring,” says Abdulla Qassem, group chief operating officer, Emirates NBD.
As an existing Calypso client, the upgrade to version 15 is Emirates NBD’s desire to “continue keeping pace with the increasingly sophisticated needs of its client-base”.
Centralisation and consolidation were key goals for the upgrade, ensuring that all products and functions were available in one single core system.
Calypso’s new Front Office Workstation (FOWS) allows Emirates NBD traders to monitor their cross-asset positions and P&L in real time. With Calypso’s capital reporting framework, Emirates NBD seeks to meet Basel 3’s upcoming capital reporting requirements.
Emirates NBD’s four-year digital transformation is now half-way complete, with an expected end-date of 2020.
Launched in 2016, the transformation project includes an upgrade of Emirates NBD’s capabilities across IT systems, architecture and infrastructure, information security and data.
