US Insurance Company Switches to Nasdaq CapCloud for Modernization
One of the world’s largest insurance firms transforms its derivatives trading and processing ecosystem with the Nasdaq Calypso SaaS solution
Compelling Event and Decision Drivers
In today’s competitive environment of ever-increasing regulatory requirements and a greater focus on system modernization, efficiency, and cost reduction, financial institutions — no matter how big or small — have to be more strategic about how they allocate resources. Compounding the issue for this client was that its current business processes and technology were not keeping up with its growing trade volumes and types of derivatives.
This client needed to modernize its capital markets platform, automate risk management, remove silos, and enhance its capacity to use derivatives to generate income for its investment portfolio. In short, it required a cross-asset solution that would scale and improve efficiency and reduce operational risk, front to back.
The good news is that consolidated cloud-based solutions that facilitate the integration of trading, life cycle, collateral, risk, and post-trade processing functions offer a compelling answer to these increasing challenges. For this client that includes addressing the need for automation and efficiency with comprehensive front-to-back services powered by Nasdaq CapCloud.
Front-To-Back Derivatives Solution in Nasdaq CapCloud
Nasdaq’s solution for insurance companies provides a consolidated, yet flexible approach to cross-asset front-toback derivatives valuation, risk management and processing that enables them to replace siloed systems with a single automated platform. It also delivers a range of Nasdaq Calypso platform components for an integrated end-to-end solution, including clearing, accounting, NAIC Schedule DB, reporting, compliance, limits, and risk monitoring.
For insurance companies, a Nasdaq CapCloud adoption represents a significant leap forward for derivatives processes. This strategic move increases the institution’s flexibility to quickly implement new releases with enhanced functionalities and security features.
More Benefits
- Optimized TCO: Facilitated by a cross-asset, end-to-end trading solution for consolidation and scalability
- Managed services: Enable clients to focus on their core business while Nasdaq manages operations and upgrades
- Market focus: Adopted by peer Insurance companies for derivatives processing front to back
We are pleased to welcome one of the most enduring companies to the Nasdaq CapCloudTM family as it embarks on its cloud transformation journey, joining other institutions around the world that have made Nasdaq a part of their strategy to let technology experts manage the environment while they focus on their businesses.
With Nasdaq CapCloudTM, this firm now leverages best practices for optimized workflows, rebase, and regular upgrades and takes advantage of functionality and regulatory modules delivered as part of the latest version.
- Strath Lanyon, Head of Cloud Services, Financial Technology, Nasdaq
