Calypso adds ‘bank-in-a-box’ for capital markets
Treasury and capital markets software specialist Calypso Technology has developed “an industrialised blueprint for reducing complexity and cost in banks”. The Calypso Bank-in-a-Box was developed in collaboration with a group of global banks to consolidate and document their processes and systems in the face of market and regulatory changes.
The system is a complete, auditable target operating model for capital markets with pre-configured business processes and operating manuals. A key feature is the documented operating model and standardised business workflows easing the ongoing cost and compliance challenges.
“The need to consolidate our technology stack was clear, but the solution was not so obvious,” said Jan-Peter Larsson, global head of markets at Swedbank. “Bank-in-a-Box eliminates redundant processes, standardizes business workflows and provides compliance with our operational risk mandate. We have more time to focus on our customers.”