Calypso Introduces Bank-in-a-Box for Capital MarketsJune 2, 2015
SAN FRANCISCO, June 2, 2015 / PRNewswire — Calypso Technology, Inc., the standard for treasury and capital markets software, has developed an industrialized blueprint for reducing complexity and cost in banks. The Calypso Bank-in-a-Box solution is a complete, auditable target operating model for capital markets with pre-figured business processes and operating manuals. With it, banks can focus more on revenue and less on technology.
Calypso ‘Bank-in-a-Box’ was developed in collaboration with a group of global banks to streamline, consolidate and document their processes and systems in the face of market and regulatory changes.
“Bank-in-a-Box challenges the notion that trading technology should be proprietary,” said Charles Marston, Chairman and CEO of Calypso Technology. “This fundamental re-think of capital markets technology will not only reduce costs, it permits banks to focus on the delivery of value-added solutions to their clients.”
“The need to consolidate our technology stack was clear, but the solution was not so obvious,” said Jan-Peter Larsson, Global Head of Markets Swedbank. “Bank-in-a-Box eliminates redundant processes, standardizes business workflows and provides compliance with our operational risk mandate. We have more time to focus on our customers.”
A key feature of Bank-in-a-Box is the documented operating model and standardized business workflows easing the ongoing cost and compliance challenges. While implementations of capital markets systems are typically time consuming and costly, Calypso Bank-in-a-Box with its validated market best practices affords customers a timelier, cost effective rollout. Bank-in-a-Box delivers a new standard in capital markets technology.
Calypso is a Leader in the Gartner Magic Quadrant for Trading Platforms and is the #1 selling Treasury and Capital Markets Solution for the sixth year running in the 2015 IBS Sales League Table.
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