Novobanco and Nasdaq expand their partnership
15 January 2025 US
Image: Novobanco
Novobanco and Nasdaq have announced the extension of their well-established technology partnership.
The partnership will now expand the use of Nasdaq’s calypso platform to support Novobanco’s entire capital market operations. The platform has already been in use by the bank to conduct back office processing and will now incorporate its risk and front office functionality.
The company says that this will enable better operational efficiency and agility, especially within treasury workflows, trade settlement, and accounting processes. The continued partnership also marks the bank’s commitment to advancing its technological functions to better service clients.
“By streamlining our infrastructure and enhancing the efficiency of our operations, we are better positioned to deliver a more personal, customer-centric experience to our clients, while supporting sustainable growth,” says Nuno Duarte, head of Treasury and Finance of Novobanco.
Gil Guillaumey, senior VP of Capital Markets Technology at Nasdaq, adds: “Through this partnership, novobanco gains the flexibility and scalability required to meet new industry standards, navigate regulatory changes, and capitalize on new growth opportunities. This marks a significant milestone in the bank’s ongoing transformation.”
The partnership will now expand the use of Nasdaq’s calypso platform to support Novobanco’s entire capital market operations. The platform has already been in use by the bank to conduct back office processing and will now incorporate its risk and front office functionality.
The company says that this will enable better operational efficiency and agility, especially within treasury workflows, trade settlement, and accounting processes. The continued partnership also marks the bank’s commitment to advancing its technological functions to better service clients.
“By streamlining our infrastructure and enhancing the efficiency of our operations, we are better positioned to deliver a more personal, customer-centric experience to our clients, while supporting sustainable growth,” says Nuno Duarte, head of Treasury and Finance of Novobanco.
Gil Guillaumey, senior VP of Capital Markets Technology at Nasdaq, adds: “Through this partnership, novobanco gains the flexibility and scalability required to meet new industry standards, navigate regulatory changes, and capitalize on new growth opportunities. This marks a significant milestone in the bank’s ongoing transformation.”
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