Synechron and SIX collaborate over Calypso 09 July 2020Zurich Reporter: Rebecca Delaney
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Synechron has implemented its Calypso solution for Swiss Stock Exchange operator SIX.
Digital IT consulting firm Synechron was chosen by SIX to collaborate with Calypso for its securities finance renewal project, in order to improve the efficiency of post-trade service processes.
The first Calypso implementation to manage a tripary agent activity marks the end of phase one of the development.
Synechron also provided access to the Calypso Center of Excellence for essential training to onboard new starters.
Nerin Demir, head of securities finance and market data at SIX, commented: “As a certified Calypso partner, Synechron gave us access to its considerable expertise and knowledge of Calypso’s methodologies and best practices and a strong working relationship with the vendor, which was a key success factor for this extremely important project.”
Valerio Roncone, head of future business for securities and exchanges at SIX, added: “With our new triparty agent, we have created a hub that will harness the power of automation and intelligent data usage to give repo professionals, traders, treasury professionals, and other stakeholders full control over their collateral.”
“Through this technology, manual tasks like monitoring and adjusting will no longer require attention, and professionals can focus on what matters: driving efficiency, accountability, and accuracy.”
François-Bernard Mizrahi, managing director of Synechron, concluded: “We, together with SIX and backed by our partner Calypso, are very proud to have contributed to the success of this innovative and major project for the Swiss financial infrastructure. The project combines all our financial software implementation expertise acquired over the years. We are confident and excited about phase two of the project which has already begun.”
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