RBL Bank, the India-based private sector bank, has chosen the Calypso Treasury solution for its repo operations, FX, fixed income, money market, equity and mutual funds.
Calypso was merged with AxiomSL to form Adenza in July.
However, RBL Bank’s first implementation of Calypso’s front-to-back treasury solution for derivatives took place before the merger.
Since then, the bank has gone live with additional modules of the Calypso platform for cash and fixed income products in an effort to enhance its real-time position monitoring and automated settlement, while also reducing operational risk.
According to RBL Bank, the solution will increase RBL Bank’s productivity achieved through real-time position monitoring, automated settlement, reduced operational risk and faster turnaround time through straight-through processing (STP) and automated workflows.
Sankarson Banerjee, chief information officer at RBL Bank, says: “We have been at the forefront of embracing new-age technologies to transform our business verticals. The continued partnership with Adenza will further help us meet that objective and expand our scale.”
