Calypso accelerates momentum in North American FX market
- Two consecutive wins in a single month affirm Calypso as the FX platform of choice for the US
Calypso Technology, Inc., a leading provider of cloud-enabled cross-asset, front-to-back solutions for financial markets, today announced that in the last month, two strategic clients have on boarded its front-to-back FX platform.
A large regional bank (100+BN in total assets), based in the Northeast, will leverage Calypso’s front-to-back-office foreign exchange cloud solution to support their client-driven business as well as the eDealing and eTreasury portal solutions to drive online customer business and facilitate a self-service approach to the management of client payments. The deployment expands Calypso’s existing footprint at the bank and increase efficiencies by replacing legacy FX systems and reduce manual processes.
A Tier 1 financial services organization will leverage Calypso’s middle- and back-office solution to manage their global foreign exchange risk, along with settlements, accounting and nostro balance management; with volumes in the tens of thousands.
“Calypso’s foreign exchange solution is leveraged by over 170 clients globally, but we are seeing significant acceleration in the North American market for the adoption of our Calypso cloud-enabled front-to-back platform in the FX space as firms modernize their legacy systems to streamline processes and support growth in FX business.”
— Ben Fisbein, Managing Director, North America