From Simply Running the Bank to Driving Strategic Growth: a Global Success StoryFrom Simply Running the Bank to Driving Strategic Growth: a Global Success Story
Introduction
Our client is one of the largest financial services companies in the world, working with 96 of the top FORTUNE 100 companies in the United States, and providing services for over 90 million customers in 60 countries.
The Challenge
For collateral management, our client chose the Nasdaq Calypso Collateral, Margin & Securities Finance Solution.
Having started with another vendor, they soon turned to Exadel to help them move beyond ‘running the bank’ (RTB) activities to implementing far-reaching ‘change the bank’ (CTB) initiatives.
Our client is one of the largest financial services companies in the world, working with 96 of the top FORTUNE 100 companies in the United States, and providing services for over 90 million customers in 60 countries.
Transforming Their Operations
The Exadel team worked closely with the Calypso Technology software provider to ensure continuity and provide full support.Our team expanded the client’s operational capacity for innovation, introducing a strategic roadmap to implement incremental business changes.
Expanded Risk Coverage and Regulatory Compliance
Compliance with new regulations like ISDA SIMM, UKL, and MSFTA across jurisdictions.
Enhanced Liquidity
An option for rehypothecation of collateral.
Efficient Transactions
Adopting a Cross Border Straight Through Processing SWIFT solution for faster, secure bond transfers across countries.
Risk Reduction
Adding new custodians to minimize the risk of theft or loss of securities.
Improved Funding Methods
Faster transactions and secure funding from a wider range of investors.
Diverse Investments
Inclusion of different securities, markets, and central depositories.
Risk Management
Setting limits to avoid collateral concentration in any one market, asset type, or currency.
Streamlined Operations
Rollout of region-specific legal entities in Calypso and the ability to model legal contracts for daily operations.
Enhanced Reporting
Improved reporting capabilities, including cash management and risk reports.
Application Integration
Real-time integration with Acadia, as well as links with TriOptima, Murex, Numerix, TurboSwift, and others.
Smooth Upgrades
Seamless upgrades of Calypso (versions 14 to 16, and 16 to 17).
Automation Testing
Continuous platform evaluation and integration of new brokers, products, and processes as part of the DevOps framework.
Key Outcomes
Increased Efficiency
Reflected in an improved BAU backlog delivery rate.
Process Automation
Reduced time to production.
Enhanced Quality
Continuous testing of pipeline development led to improved deliverables.
Better Planning
Integration of agile, skilled management into the client’s SaFe process.
Faster Decision-Making
Implementing internal/external reports and integrations.
Revenue Growth
Improving prospects by unlocking new markets and funding methods.
Regulatory Compliance
Ensuring compliance across multiple jurisdictions and risk types.
Risk Mitigation
Monitoring collateral and complying with SWIFT requirements.
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Real Results
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