Calypso Technology, Inc, a global application software provider of an integrated trading application suite to the capital markets industry, announced today that Calyon, Credit Agricole group's corporate and investment banking arm, has implemented the Calypso system for cash management. This latest addition further enhances Calyon's usage of Calypso's Back-Office solution.
With the adoption of the Calypso system for cash management, Calyon is able to subscribe to cash flow projections on an enterprise basis and monitor cash positions in real time, explain transfer histories, monitor and correctly modify positions when an amount received does not match specific projections. By leveraging the Calypso platform, Calyon will be able to address the firm's functional and compliance needs on a global scale. The Calypso cash management solution will manage cash flow projections coming from all Calypso and non-Calypso back-office systems used by the bank.
Calypso has been one of the primary strategic back-office system providers for Calyon since 2000 and is still today one of the main back-office platforms of Calyon, the commercial and investment bank of Credit Agricole group. Today, the Calypso system is accessed by 200 users as a true multi-entity, multi-currency and multi-time zone platform spanning across sixteen Calyon financial centers including London, Tokyo, Mumbai, Hong Kong and South Africa as well as at the bank's headquarters in Paris.
Fréderic Coudreau, global head of capital market operations of Calyon, says, "We are pleased to expand our strategic partnership with Calypso Technology. The Calypso solution has enabled us to automate and consolidate back-office operations on a global, enterprise wide basis for multiple treasury and forex assets. Calypso Technology's partnering approach has helped our firm remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals."
Charles Marston, CEO of Calypso Technology, says, "Calyon has been a long-time client of ours and our expanding relationship with the firm is a testament to the strength of our back-office solution suite. We hold this partnership in high regard and continue to remain dedicated to providing solutions which best fit Calyon's needs as they grow."