Japan's Mitsubishi UFJ Trust and Banking (MUTB) has completed the first stage of a global roll out of Calypso Technology's trading and risk management platform, going live with the system in London.
MUTB selected Calypso to consolidate existing in-house front-office and outsourced middle-office infrastructures into one core system. The bank is now using the technology for front-office trading, middle-office risk management and back-office processing.
Calypso claims MUTB is now better able to maintain real-time risk and exposure, to standardise business process flows, and automate and reduce manual operations, improving efficiency and cutting costs.
The next stage of the implementation project will see the Calypso technology deployed at MUTB's New York operations.