Adenza has supported the treasury management of central banks worldwide for years now. Its Calypso platform continues to provide cutting-edge support for front- and back-offices, risk management, accounting and financial reporting functions. Central bank users have gained a clearer view of their asset holdings and risk, while benefiting from automation.

In a major upgrade of the system, the company has now moved into the cloud, where it signed up its first central bank client in 2021 and has since gone live. By consolidating systems and cutting the need for in-house IT resources, the cloud-based approach can allow central banks to devote more resources to their core mandates. Tougher cyber security and higher levels of resilience can cut operational risks. And, in another first, Adenza is looking to unite reserve management functions with monetary operations, linking them into a single, integrated whole.

The first central bank to migrate to Adenza’s cloud is a mid-sized European institution. This central bank already operated Calypso technology in-house and has since upgraded to Adenza’s CapCloud SaaS (software as a service) solution for its reserve management. The use of Calypso and then CapCloud allowed the central bank to consolidate many different in-house systems, each of which required work by IT professionals to maintain and upgrade. The new system works as a ‘common language’ within the central bank, improving efficiency.

“It is not that common in the quite conservative world of central banks to see such an innovative and forward-looking strategy when it comes to the bank mission critical systems deployment,” says Herve de Laforcade, Adenza’s global head of marketing and chairman of the Central Bank User Forum.

The central bank is now in the process of migrating its monetary operations to the cloud, which will give it a single overview of its liquidity management and collateral pool. By having liquidity operations and reserves management side by side, the central bank will have a strong basis for supplying liquidity at speed, in both domestic currency and foreign, which could be particularly beneficial during crises.