Scandinavian bank Nordea has gone live in Sweden with the first phase of a pan-Nordic roll-out of securities processing and settlement technology from Calypso.
The bank selected the technology to enable consolidated securities flow across its offices in Sweden, Finland, Denmark and Norway.
Calypso says that, in addition to fixed income and equities back office support, the platform offers Nordea workflow-based exception handling capabilities designed to improve straight through processing rates.
Peter Lunding, business CIO, capital markets products, Nordea, says: "The Calypso system is a cornerstone in streamlining the securities flow across all our offices in the Nordic region and having a flexible infrastructure upon which we can grow and expand."