Banking, Capital Markets and Insurance

From Simply Running the Bank to Driving Strategic Growth: a Global Success Story

About Our Customer

Our client is one of the largest financial services companies in the world, working with 96 of the top FORTUNE 100 companies in the United States, and providing services for over 90 million customers in 60 countries.

The Challenge

For collateral management, our client chose the Nasdaq Calypso Collateral, Margin & Securities Finance Solution.

Having started with another vendor, they soon turned to Exadel to help them move beyond ‘running the bank’ (RTB) activities to implementing far-reaching ‘change the bank’ (CTB) initiatives.

Transforming Their Operations

The Exadel team worked closely with the Calypso Technology software provider to ensure continuity and provide full support. Our team expanded the client’s operational capacity for innovation, introducing a strategic roadmap to implement incremental business changes.

Expanded Risk Coverage and Regulatory Compliance

Compliance with new regulations like ISDA SIMM, UKL, and MSFTA across jurisdictions.

Enhanced Liquidity

An option for rehypothecation of collateral.

Efficient Transactions

Adopting a Cross Border Straight Through Processing SWIFT solution for faster, secure bond transfers across countries.

Risk Reduction

Adding new custodians to minimize the risk of theft or loss of securities.

Improved Funding Methods

Faster transactions and secure funding from a wider range of investors.

Diverse Investments

Inclusion of different securities, markets, and central depositories.

Risk Management

Setting limits to avoid collateral concentration in any one market, asset type, or currency.

Streamlined Operations

Rollout of region-specific legal entities in Calypso and the ability to model legal contracts for daily operations.

Enhanced Reporting

Improved reporting capabilities, including cash management and risk reports.

Application Integration

Real-time integration with Acadia, as well as links with TriOptima, Murex, Numerix, TurboSwift, and others.

Smooth Upgrades

Seamless upgrades of Calypso (versions 14 to 16, and 16 to 17).

Automation Testing

Continuous platform evaluation and integration of new brokers, products, and processes as part of the DevOps framework.

Key Outcomes

Increased Efficiency

Reflected in an improved BAU backlog delivery rate.

Process Automation

Reduced time to production.

Enhanced Quality

Continuous testing of pipeline development led to improved deliverables.

Better Planning

Integration of agile, skilled management into the client’s SaFe process.

Faster Decision-Making

Implementing internal/external reports and integrations.

Revenue Growth

Improving prospects by unlocking new markets and funding methods.

Regulatory Compliance

Ensuring compliance across multiple jurisdictions and risk types.

Risk Mitigation

Monitoring collateral and complying with SWIFT requirements.

All Set for Continued Innovation and Growth

The client now has a framework to support their future growth and continued incremental business changes. The Exadel team's CTB initiatives have strengthened the client's risk management practices, expanded their market reach, and opened up new revenue opportunities in the complex derivatives market.

Talk to Our Experts

Transforming Their Operations

All Set for Continued Innovation and Growth

With your platforms optimized, there’ll be nothing to do but grow.