US Regional Bank Exploits Nasdaq Calypso Cross-Platform Ecosystem for Front-to-Back Risk and Nasdaq CapCloud for Agility
Category III bank and regulatory solutions client expands its relationship to the capital markets with Nasdaq Calypso SaaS for Basel III Endgame compliance
Compelling Event and Decision Drivers
Gone are the days when incremental improvements are enough to keep institutions competitive. In today’s environment of unprecedented market conditions, emerging digitalization trends, and globalization, banks require a robust platform for risk and liquidity management. In fact, financial institutions — no matter how big or small — have to be more strategic about how they allocate resources and so the focus is on system modernization, efficiency, and cost reduction.
For this client, having already made the strategic decision and moved to the cloud on the regulatory solutions side with Nasdaq RegCloud® and reaping the benefits there, performance, scalability, and security, going with Nasdaq CapCloud™ was a simple decision. The Nasdaq Calypso Treasury solution unlocks efficiencies and sets up the required flexibility and scalability as businesses expand, enabling the bank to increase its business agility, better support increased volumes, address regulatory changes, and accelerate time-tomarket for planned Nasdaq Calypso footprint expansion.
This client needed to modernize and automate the risk-management process and enhance its capacity to use derivatives. In short, it required a solution that would improve efficiency and reduce operational risk front to back, and scale for the future for new regulations like Basel III Endgame.
Nasdaq Calypso Holistic, Front-to-Back-to-Risk, Treasury Solution in CapCloud
The Nasdaq Calypso Treasury solution offers a consolidated platform based on global best practices and addresses local needs, providing banks with a solid baseline to scale as they expand their businesses. This in turn enables financial institutions to benefit from a bank-wide, cross-asset view of their books — foreign exchange, money market, interest rates, and equity — for holistic risk management in real-time, enterprise-wide and on a single platform.
For regional banks, CapCloud adoption is a natural, yet significant leap forward for clients looking to achieve holistic treasury management. This strategic move increases a bank’s business agility, including a quick initial implementation cycle, and seamless onboarding of new releases with enhanced functionalities and security features.
More Benefits
- Improve funding decisions by anticipating real-time impacts of new trades on P&L and risk
- Minimize trading costs with a unified inventory for funding, trading, and collateral management
- Anticipate risk and regulatory changes with holistic analytics coverage
We are pleased that this client has not only chosen to expand its relationship with us for its front-to-back-to-risk requirements but also in 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.
We welcome it to the Nasdaq CapCloud family as it continues its cloud transformation journey and leverages best practices for optimized workflows, rebase, and regular upgrades and takes advantage of functionalities and regulatory modules delivered as part of the latest version.
- Strath Lanyon, Head of Cloud Services, Capital Markets and Regulatory Reporting, Financial Technology, Nasdaq
