Press release
Andbank Selects Adenza’s Calypso Cloud Services to Power Treasury Management Systems
Fully Cloud-Based Integration Supports Secure, Agile and Flexible Treasury Management in a Fully Integrated Environment Adenza, the new company formed by the
About this update from Nasdaq, Inc.
[{"type":"text","content":"Fully Cloud-Based Integration Supports Secure, Agile and Flexible Treasury Management in a Fully Integrated Environment\n Adenza, the new company formed by the merger of Calypso Technology and AxiomSL , today announced that it has been selected by Andbank, the private banking specialist, to transition the bank’s front-to-back treasury management functions to its Adenza CapCloudTM platform. A longtime Adenza client, Andbank’s decision to move from a locally-installed to a cloud-based system was driven by a desire to improve the efficiency and scalability of their treasury management platform.\n Moving to the CapCloud platform has allowed us to increase the flexibility of our treasury management operations, whether we are developing and deploying new code or quickly implementing new software releases. Our longstanding relationship with Adenza, combined with their rigorous approach to cloud security and the lower total cost of ownership associated with a SaaS deployment, made this upgrade an easy decision.\n - Javier Planelles, Global Head of Technology & Operations at Andbank Group.\n By shifting its treasury management functions to the SaaS-based CapCloud platform, Andbank will also gain access to Adenza’s cloud-only features, such as the CapCloud Console (self-service portal), which improves the bank’s agility, giving Andbank the ability to deliver change at the pace the business and market demand.\n Prior to making the shift, Andbank engaged in a thorough evaluation of Adenza CapCloud, including a thorough and demanding information security review, to validate that the solution met its rigorous standards.\n Adenza recently completed a System and Organization Controls (SOC) 1 and 2 Type II audit of its CapCloud platform and its RegCloud® data management and regulatory reporting platform, as well as certification to the Information Security Management System Standard ISO 27001 for both RegCloud and CapCloud.\n It’s become impossible to ignore the benefits of our SaaS treasury management solution. Beyond the huge gains in flexibility, scalability and security offered by CapCloud, our ability to seamlessly lift-and-shift from a on-premise to our SaaS platform has really streamlined the transition process. We’re honored to work with Andbank on this exciting expansion of their treasury management system and look forward to contin...