Shinhan Bank identified an opportunity in credit risk hedging and derivatives trading, and was looking for a best of breed solution to support the launch of its new business segment. After a thorough selection process, the bank chose Calypso for its ease of implementation and front office functionalities, in addition to Calypsoâs expertise and support in this area. Calypsoâs flexibility and scalability were also key decision factors as the bank searched for a system that was capable of covering different asset classes, could cope with rapid business growth, and adapt quickly to market requirements and changes.
Ham Tae-Gyu, Credit Derivative Trader, Shinhan Bank, commented, âThe Calypso solution is a perfect match for Shinhan Bankâs ambition to bring innovative products to the market, which has always been our competitive edge. The decision to implement Calypso has enabled our firm to remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals.â
Charles Marston, Chairman & CEO, Calypso Technology, added, âAsia Pacific is an important region for Calypso. Our successful partnership with Shinhan Bank shows our commitment to working closely with clients to deliver innovative solutions. Our localized teams ensure all our clients received the highest level of service and support from start to finish.â