Adenza, today announced that The Shanghai Commercial & Savings Bank, Ltd. (SCSB), one of Taiwan’s most prominent local commercial banks, has selected Adenza’s Calypso Treasury front-to-back solution to support its treasury management cross-asset front-office requirements with a specific focus on derivatives and compliance with the latest regulations, including uncleared margin rules (UMR), and LIBOR.
Driven by the need to enhance its local product offerings, respond to emerging digitalization trends, globalization, and unprecedent market conditions, the SCSB required a robust platform like Calypso for its risk and liquidity management. The Calypso Treasury solution unlocks efficiencies and sets up the required flexibility and scalability as businesses expand. The solution enables banks to increase business agility and better support local-market growth, and increased volumes. It also speeds up time-to-market for its new product offerings such as carbon-trading asset class in light of emerging environmental, social and governance (ESG) initiatives going live, globally.
The 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 like the SCSB to benefit from a bank-wide, cross-asset view of its books – foreign exchange, money market, interest rates, and equity – for holistic risk management in real-time, enterprise-wide and on a single platform.
About The Shanghai Commercial & Savings Bank
The Shanghai Commercial & Savings Bank, Ltd. was established in Shanghai in 1915 with the goal “to serve society, to support industry, and to promote international trade.” It is the premier choice for small- and medium-sized enterprises and is recognized for its efficient trade financing and remittance services.
Together with its subsidiaries Shanghai Commercial Bank Ltd. (SCB) in Hong Kong and AMK Microfinance Institution Plc. in Cambodia, SCSB manages total consolidated assets more than US $75 billion and capital more than US $1.6 billion and has shareholder’s equity more than US $5.5 billion. Its market capital is more than US $7.3 billion as of March 2023.
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premises or via the 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.