Press release
Novobanco Expands Technology Partnership with Nasdaq Calypso to Simplify its Capital Market Operations
Portugal’s 4th largest bank expands Nasdaq partnership, adopting Calypso’s Front Office and Risk platform Fully integrated system will be deployed in the
About this update from Nasdaq, Inc.
[{"type":"text","content":"Portugal’s 4th largest bank expands Nasdaq partnership, adopting Calypso’s Front Office and Risk platform Fully integrated system will be deployed in the cloud to enhance flexibility and scalability of novobanco’s treasury infrastructure NEW YORK and LISBON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Novobanco and Nasdaq (Nasdaq: NDAQ) today announced the expansion of their long-standing technology partnership, which will see novobanco expand its use of Nasdaq’s Calypso platform to support the bank’s entire capital market operations. Novobanco, a leading Portuguese independent domestic bank, has used the solution to conduct back-office processing for almost 20 years and will now incorporate its risk and front office functionality to fully integrate the technology underpinning its treasury function. “Consolidating our treasury function onto a single platform marks another major step in our journey to position ourselves as an independent, strong, and successful Portuguese bank,” said Nuno Duarte, Head of Treasury and Finance of novobanco. “By streamlining our infrastructure and enhancing the efficiency of our operations, we are better positioned to deliver a more personal, customer-centric experience to our clients, while supporting sustainable growth. We welcome the opportunity to expand our relationship with Nasdaq and view them as a strategic partner in our transformation.” Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management, and post-trade processing. By adopting this solution, novobanco enhances its operational efficiency and agility, leveraging advanced technology to support its evolving business needs. Gil Guillaumey, Senior Vice President of Capital Markets Technology at Nasdaq, said: “European banks are on an extraordinary modernization journey and the decision to consolidate novobanco’s capital markets infrastructure underscores the bank's commitment to innovation and superior client services. Through this partnership, novobanco gains the flexibility and scalability required to meet new industry standards, navigate regulatory changes, and capitalize on new growth opportunities. This marks a significant milestone in the bank’s ongoing transformation.” Deployed in the cloud, Nasdaq Calypso offers unparalleled scalability to adapt to dynamic market conditions an...