In 2010, Crédit Agricole CIB, Europe’s third-largest bank, went live in 23 global locations with the Calypso system to implement a global back office infrastructure to process all their treasury, FX and FX derivative products from a central, single instance of Calypso.
These ambitious plans were aimed to reduce costs, increase efficiency, reduce risk and improve control levels.
About Calypso Technology Inc.
Calypso Technology, Inc. is a leading provider of cloud-enabled, cross-asset, front-to-back solutions for financial markets, with over 40,000 users in 60+ countries. Its award-winning platform improves decision-making, risk management, controls and operational efficiency across financial market participants’ value chain. From the outset, the Calypso platform was designed to support customers on innovation, modernization and business growth, while enabling them to rapidly adapt to changing regulations.
Calypso provides customers with a real-time, single, integrated and open platform to support front office, middle office, risk, treasury, regulatory compliance, collateral management, securities finance, clearing, margining through to post-trade processing, across cash and derivatives products.
The Calypso platform can be installed on Calypso cloud, customer’s cloud or on-premise, allowing customers to simplify their architecture, grow new businesses, achieve high straight through processing and lower their total cost of ownership.
Calypso serves an ecosystem of global and regional banks, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates. Over 200 financial institutions run mission-critical operations by using the Calypso platform.
With more than 40 clients in the APAC region, Calypso has expanded in the recent years, entering new, strategic fast-growing markets (Philippines and Indonesia), achieving a major inroad in the Indian market and consolidating its market position in China, Taiwan, Hong Kong, Japan, Australia and New Zealand.