- Enterprise Platform Supports Secure, Agile and Flexible Risk Management and Straight-Through-Processing in a Fully Integrated Environment
Adenza, the new company formed by the merger of Calypso Technology and AxiomSL , today announced that it has been selected by Israel Discount Bank (IDB), one of the largest commercial banks in Israel, to power its front-to-back operational and risk management functions, including trading, real-time position keeping and straight-through-processing (STP).
Prior to making this shift, the bank was using a combination of legacy vendor-driven and house-built solutions across the Front, Middle and Back Office. By choosing Adenza, IDB gains a single system solution that automates critical risk functions and seamlessly integrates data from across the organization to deliver a real-time, global view of cross asset positions and exposures across all trading and banking books on one platform.
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premise or on-cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business.
With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.