19 January 2018
visit http://response.ncr.com

KB Kookmin Bank live with Calypso

04 April 2011  |  2768 views  |  0 Source: Calypso Technology

Calypso Technology, the global capital markets platform provider, today announced that KB Kookmin Bank (KB), South Korea's largest bank by asset value and market capitalization, has gone live with the Calypso system to support its Capital Markets business, including trading and risk management of derivatives, treasury, and collateral management.

KB was looking for a single cross-asset front- and middle-office platform to rationalize and standardize an existing complex and siloed infrastructure across multiple branches, which was making maintenance costly and labor-intensive. In an increasingly competitive environment, the bank needed to be able to manage trading, positions and risk across its complete range of treasury, cash and derivatives products on an integrated system to achieve enhanced transparency, efficiency and responsiveness. It was a further requirement that the system was expansive and scalable to support future growth.

KB's vision to become a regional leader in derivatives moved them to select the Calypso system for its broad asset class coverage, robustness, and flexibility that will allow integration with its proprietary and third party data feeds and pricing models. The new capital markets platform from Calypso Technology supports increasing trade volumes and diversifying asset-classes.

Kim, Don Kyu, Deputy General Manager, KB Kookmin Bank, commented, "With Calypso Technology's modern, flexible and scalable platform in place, we will be able to expand and grow into new and important areas of business. We now have a great opportunity to become a regional leader in derivatives, made possible due to Calypso Technology. We look forward to working with Calypso and are excited by the benefits that will immediately favour us."

The functionalities of the Calypso system range from deal capture, desk-level risk and processing (trade lifecycle workflows) to position and risk analysis. With the new platform, a total of fourteen asset-classes will be covered such as FX cash and options, money market, fixed income, credit and interest derivatives, and collateral management.

"This project with KB Kookmin Bank, South Korea's largest bank, further underscores Calypso Technology's work in the East Asian markets and our expertise in cross-asset coverage, particularly branching into collateral management," commented Charles Marston, CEO and chairman, Calypso Technology. "We are delighted to be working with KB Kookmin Bank and assisting them as their business develops."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.fivedegrees.nlvisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11059 views comments | 32 tweets | 37 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10251 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9861 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9345 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8366 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job