Emirates NBD Extends Calypso Partnership with Treasury Tech Upgrade
The Middle Eastern firm has leveraged its existing partnership with trading and risk tech vendor Calypso to deliver what the company refers to as “one of the world’s most comprehensive implementation of its flagship Calypso treasury platform to date.”
The implementation will be part of a multi-year digital transformation journey, part of the group’s AED1.5 billion investment into digitising operations, products and services to enhance its offer fro corporate and retail clients.
“As we progressively deliver our AED 1.5 billion digital transformation, it is critical to support the continued growth of our Treasury business with a sophisticated and scalable enterprise platform, said Emirates NBD COO Abdulla Qassem. “Aligned with this objective, we are very pleased to have completed the Calypso Version 15 upgrade as one of the most comprehensive Calypso implementations of its kind worldwide. With a fully centralised, upgraded treasury enterprise solution in place for all international markets, that also delivers full resilience, availability and real-time monitoring, we look forward to continuing our decade-long partnership with Calypso”
The project is just an upgrade to the treasury solution Emirates NBD already uses. The main goals of the upgrade were centralisation and consolidation, ensuring that all products and functions are henceforth available in one single core system, supporting all of Emirates NBD’s domestic and international markets.
Additionally, the upgrade aimed to enhance the ease of use and scalability of Emirates NBD’s treasury platform. Calypso Version 15 further strengthens the platform’s resiliency and availability, while real-time monitoring capability is provided through App Dynamics. Thanks to Calypso’s new Front Office Workstation (FOWS), Emirates NBD traders can now efficiently monitor their cross-asset positions and P&L in real time. With Calypso’s robust capital reporting framework, Emirates NBD is also well positioned to meet Basel 3’s upcoming capital reporting requirements.