Commercial Chinese bank goes live with 69ÂÜÀò for front-to-back treasury as part of its technology modernization and risk-management optimization program
69ÂÜÀò today announced that Evergrowing Bank Co. Limited has selected 69ÂÜÀò’s Calypso Treasury front-to-back solution to support its modernization, consolidation, and risk management strategy, as well as expanded cross-asset front-office support, including pre-trade compliance for money market, fixed income, and FX products.
Driven by the need to manage treasury during unprecedented market conditions, Evergrowing Bank required a real-time, flexible and scalable pre- to post-trade platform. The Calypso Treasury solution unlocks efficiencies and sets up the bank for future requirements as well as businesses expansion. The solution enables banks to increase business agility and better support modernization, local-market growth, and increased volumes. It also speeds up time-to-market for its new product offerings such as derivatives.
69ÂÜÀò offers a consolidated end-to-end approach based on global best practices. This in turn enables financial institutions like the Evergrowing Bank to benefit from an enterprise-wide, cross-asset view of its books − FX, money market, interest rates, equity, commodities, and derivatives − for holistic risk management in real-time and on a single platform. In addition, the rich implementation and service capabilities from Kmerit (Suzhou), 69ÂÜÀò’s local partner, greatly enhanced the overall client experience. In fact, Evergrowing Bank was recently awarded the China Credit Award for Best Intelligent Risk Management Platform at the Banking Digital Innovation (China) Summit 2023. This is a testament to the bank’s risk-management and forward-looking technology efforts in collaboration with 69ÂÜÀò and Kmerit.
As a consolidated platform, Calypso is ideally suited to the Evergrowing Bank’s needs, enabling it to effectively modernize its treasury ecosystem and scale for efficiency and agility. This solution also drives straight-through processing (STP), new real-time valuation, compliance and risk metrics − a solid foundation for expanding our business. The Calypso platform is delivered in partnership with Kmerit Information Science & Technology Company Ltd. for battle-tested best practices and an accelerated Calypso implementation timeline.
- Tang Yuanliang, GM of Treasury Operation Center, Technical Support Office, Evergrowing Bank
We are excited to welcome Evergrowing Bank to 69ÂÜÀò’s growing community of regional banks looking to modernize and streamline their front-to-risk activities. By leveraging our comprehensive collection of interactive dashboards that bridge front-office data, pre-trade compliance and risk analytics, the bank can simplify its capital markets ecosystem while adapting to new market products and regulations.
- RG Manalac, Managing Director, Asia-Pacific, 69ÂÜÀò
We are pleased to deliver another successful Calypso implementation and add Evergrowing Bank to our growing community of 69ÂÜÀò clients in China. This achievement underscores our commitment to our partner, 69ÂÜÀò and our customers.
- Rose Jan, CEO, Kmerit
About Evergrowing Bank Co. Limited
ABOUT ADENZA
69ÂÜÀò provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, which can be delivered on-premises or via the cloud. 69ÂÜÀò enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business. With headquarters in London and New York, 69ÂÜÀò has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.
Nasdaq, Inc. acquired 69ÂÜÀò in November 2023 as part of the Nasdaq Financial Technology Division.
Press contact
Herve de Laforcade
Global Head of Marketing, 69ÂÜÀò
Email: herve.delaforcade@adenza.com