Novobanco Expands Technology Partnership with Nasdaq Calypso to Simplify its Capital Market Operations
Novobanco, Portugal's 4th largest bank, has announced an expansion of its technology partnership with Nasdaq (NDAQ) by adopting the complete Calypso platform for its capital market operations. The bank, which has been using Calypso's back-office processing for nearly 20 years, will now integrate front office and risk functionality to consolidate its entire treasury infrastructure.
The cloud-deployed Nasdaq Calypso platform will provide novobanco with enhanced scalability and flexibility, streamlining trading, clearing, risk management, and post-trade processing. The integrated system will centralize data, improve transparency, and enable real-time decision-making through live pricing and risk analytics.
This expansion aligns with novobanco's transformation strategy to become more client-centric and operationally efficient. Nasdaq's technology currently serves 97% of global systematically important banks, half of the world's top 25 stock exchanges, and 35 central banks.
Novobanco, la quarta banca pi霉 grande del Portogallo, ha annunciato un'espansione della sua partnership tecnologica con Nasdaq (NDAQ) adottando la piattaforma Calypso completa per le sue operazioni di mercato dei capitali. La banca, che utilizza il processamento back-office di Calypso da quasi 20 anni, integrer脿 ora anche la funzionalit脿 di front office e gestione dei rischi per consolidare l'intera infrastruttura di tesoreria.
La piattaforma Nasdaq Calypso, distribuita tramite cloud, fornir脿 a novobanco maggiore scalabilit脿 e flessibilit脿, semplificando le operazioni di trading, clearing, gestione del rischio e processamento post-trade. Il sistema integrato centralizzer脿 i dati, migliorer脿 la trasparenza e consentir脿 decisioni in tempo reale attraverso la valutazione dei prezzi live e l'analisi del rischio.
Quest'espansione si allinea con la strategia di trasformazione di novobanco per diventare pi霉 centrata sul cliente ed operativamente efficiente. La tecnologia di Nasdaq attualmente serve il 97% delle banche globalmente sistematicamente importanti, met脿 delle prime 25 borse mondiali e 35 banche centrali.
Novobanco, el cuarto banco m谩s grande de Portugal, ha anunciado una expansi贸n de su asociaci贸n tecnol贸gica con Nasdaq (NDAQ) adoptando la plataforma Calypso completa para sus operaciones en el mercado de capitales. El banco, que ha estado utilizando el procesamiento back-office de Calypso durante casi 20 a帽os, ahora integrar谩 la funcionalidad de front office y gesti贸n de riesgos para consolidar toda su infraestructura de tesorer铆a.
La plataforma Nasdaq Calypso, implementada en la nube, proporcionar谩 a novobanco una mayor escalabilidad y flexibilidad, optimizando el comercio, la compensaci贸n, la gesti贸n de riesgos y el procesamiento post-negociaci贸n. El sistema integrado centralizar谩 los datos, mejorar谩 la transparencia y permitir谩 la toma de decisiones en tiempo real a trav茅s de precios en vivo y an谩lisis de riesgos.
Esta expansi贸n se alinea con la estrategia de transformaci贸n de novobanco para volverse m谩s centrada en el cliente y operativamente eficiente. La tecnolog铆a de Nasdaq actualmente sirve al 97% de los bancos sistem谩ticamente importantes a nivel global, la mitad de las 25 principales bolsas de valores del mundo y 35 bancos centrales.
Novobanco電� 韽ゴ韴皥鞐愳劀 雱� 氩堨Ц搿� 韥� 鞚�頄夓溂搿�, Nasdaq (NDAQ)鞕�鞚� 旮办垹 韺岉姼雱堨嫮鞚� 頇曤寑頃橃棳 鞛愲掣 鞁滌灔 鞖挫榿鞚� 鞙勴暣 Calypso 頂岆灚韽� 鞝勳泊毳� 毂勴儩頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 鞚�頄夓潃 瓯办潣 20雲� 霃欖晥 Calypso鞚� 氚膘槫頂检姢 頂勲靹胳嫳鞚� 靷毄頃� 鞕旍溂氅�, 鞚挫牅電� 頂勲韸� 鞓ろ敿鞀れ檧 毽姢韥� 旮半姤鞚� 韱淀暕頃橃棳 鞝勳泊 鞛 鞚疙攧霛茧ゼ 韱淀暕頃� 鞓堨爼鞛呺媹雼�.
韥措澕鞖半摐鞐愳劀 氚绊彫霅� Nasdaq Calypso 頂岆灚韽检潃 novobanco鞐� 頄レ儊霅� 頇曥灔靹标臣 鞙犾棸靹膘潉 鞝滉车頃橃棳 瓯半灅, 觳偘, 毽姢韥� 甏�毽� 氚� 靷泟 瓯半灅 觳橂Μ毳� 臧勳唽頇旐暕雼堧嫟. 韱淀暕 鞁滌姢韰滌潃 雿办澊韯半ゼ 欷戩暀頇旐晿瓿� 韴獏靹膘潉 頄レ儊鞁滍偆氅� 鞁れ嫓臧勳溂搿� 臧�瓴� 毂呾爼 氚� 毽姢韥� 攵勳劃鞚� 韱淀暣 歃夑皝鞝侅澑 鞚橃偓瓴办爼鞚� 臧�電ロ晿瓴� 頃╇媹雼�.
鞚� 頇曥灔鞚� novobanco鞚� 瓿犼皾 欷戩嫭 氚� 鞖挫榿 須湪靹膘潉 雴掛澊旮� 鞙勴暅 氤�順� 鞝勲灥瓿� 鞚检箻頃╇媹雼�. Nasdaq鞚� 旮办垹鞚� 順勳灛 鞝� 靹戈硠鞝侅溂搿� 鞁滌姢韰滌儊 欷戩殧 鞚�頄夓潣 97%, 靹戈硠 25雽� 歃濌秾 瓯半灅靻岇潣 鞝堧皹 氚� 35臧滌潣 欷戩暀鞚�頄夓棎 靹滊箘鞀るゼ 鞝滉车頃橁碃 鞛堨姷雼堧嫟.
Novobanco, la quatri猫me plus grande banque du Portugal, a annonc茅 une expansion de son partenariat technologique avec Nasdaq (NDAQ) en adoptant la plateforme Calypso compl猫te pour ses op茅rations sur le march茅 des capitaux. La banque, qui utilise le traitement back-office de Calypso depuis pr猫s de 20 ans, int茅grera d茅sormais la fonctionnalit茅 de front office et de gestion des risques pour consolider l'ensemble de son infrastructure de tr茅sorerie.
La plateforme Nasdaq Calypso d茅ploy茅e dans le cloud offrira 脿 novobanco une meilleure scalabilit茅 et flexibilit茅, en rationalisant le trading, le clearing, la gestion des risques et le traitement post-n茅gociation. Le syst猫me int茅gr茅 centralisera les donn茅es, am茅liorera la transparence et permettra une prise de d茅cision en temps r茅el gr芒ce 脿 des prix en direct et des analyses de risques.
Cette expansion s'aligne avec la strat茅gie de transformation de novobanco pour devenir plus centr茅e sur le client et op茅rationnellement efficace. La technologie de Nasdaq sert actuellement 97 % des banques syst茅matiquement importantes 脿 l'茅chelle mondiale, la moiti茅 des 25 plus grandes bourses du monde et 35 banques centrales.
Novobanco, die viertgr枚脽te Bank Portugals, hat eine Erweiterung ihrer Technologiepartnerschaft mit Nasdaq (NDAQ) angek眉ndigt, indem sie die gesamte Calypso-Plattform f眉r ihre Kapitalmarktoperationen 眉bernimmt. Die Bank, die seit fast 20 Jahren die Back-Office-Prozesse von Calypso nutzt, wird nun auch Front-Office- und Risikofunktionen integrieren, um ihre gesamte Treasury-Infrastruktur zu konsolidieren.
Die Cloud-basierte Nasdaq Calypso-Plattform wird novobanco eine verbesserte Skalierbarkeit und Flexibilit盲t bieten und den Handel, die Abwicklung, das Risikomanagement sowie die Nachhandelsverarbeitung optimieren. Das integrierte System wird Daten zentralisieren, die Transparenz verbessern und eine Entscheidungsfindung in Echtzeit durch Live-Preise und Risikoanalysen erm枚glichen.
Diese Erweiterung steht im Einklang mit der Transformationsstrategie von novobanco, die kundenorientierter und operativ effizienter werden m枚chte. Die Technologie von Nasdaq bedient derzeit 97% der global systemrelevanten Banken, die H盲lfte der weltweit 25 gr枚脽ten B枚rsen und 35 Zentralbanken.
- Long-term partnership expansion with a major financial institution
- Cloud deployment enhances scalability and operational flexibility
- Integration streamlines operations and reduces manual processes
- Strengthens Nasdaq's position in banking technology solutions
- None.
Insights
This strategic partnership expansion represents a significant technological upgrade for novobanco's capital markets infrastructure. The implementation of Nasdaq Calypso's front-office and risk functionality creates a fully integrated treasury system that will drive operational efficiencies and reduce costs through automation and standardization.
The cloud deployment is particularly noteworthy as it provides novobanco with scalable infrastructure without the heavy capital expenditure typically associated with on-premise solutions. The real-time risk analytics and live pricing capabilities will enhance trading decisions and risk management, while standardized APIs ensure seamless integration with global markets.
For Nasdaq, this deal reinforces their dominant position in financial technology, where they already serve 97% of globally important banks and 50% of top exchanges. The recurring revenue from this SaaS offering contributes to Nasdaq's stable income stream, though the specific financial impact is likely modest given novobanco's size relative to Nasdaq's global client base.
This modernization initiative aligns with the broader trend of European banks upgrading their legacy systems to remain competitive. The consolidation of front-office, risk management and back-office functions onto a single platform will eliminate operational silos and reduce the complexity of novobanco's technology stack.
The key operational benefits include:
- Streamlined trade lifecycle management across asset classes
- Enhanced regulatory compliance capabilities
- Improved data centralization and transparency
- Reduced manual processing and operational risk
For novobanco, as Portugal's 4th largest bank, this technology overhaul is important for maintaining market position and improving customer service delivery. The cloud-based deployment provides the flexibility to adapt to changing market conditions and regulatory requirements while reducing infrastructure maintenance costs.
Portugal鈥檚 4th largest bank expands Nasdaq partnership, adopting Calypso鈥檚 Front Office and Risk platform
Fully integrated system will be deployed in the cloud to enhance flexibility and scalability of novobanco鈥檚 treasury infrastructure
NEW YORK and LISBON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Novobanco and Nasdaq (Nasdaq: NDAQ) today announced the expansion of their long-standing technology partnership, which will see novobanco expand its use of Nasdaq鈥檚 Calypso platform to support the bank鈥檚 entire capital market operations. Novobanco, a leading Portuguese independent domestic bank, has used the solution to conduct back-office processing for almost 20 years and will now incorporate its risk and front office functionality to fully integrate the technology underpinning its treasury function.
鈥淐onsolidating our treasury function onto a single platform marks another major step in our journey to position ourselves as an independent, strong, and successful Portuguese bank,鈥� said Nuno Duarte, Head of Treasury and Finance of novobanco. 鈥淏y 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. We welcome the opportunity to expand our relationship with Nasdaq and view them as a strategic partner in our transformation.鈥�
Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management, and post-trade processing. By adopting this solution, novobanco enhances its operational efficiency and agility, leveraging advanced technology to support its evolving business needs.
Gil Guillaumey, Senior Vice President of Capital Markets Technology at Nasdaq, said: 鈥淓uropean banks are on an extraordinary modernization journey and the decision to consolidate novobanco鈥檚 capital markets infrastructure underscores the bank's commitment to innovation and superior client services. 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鈥檚 ongoing transformation.鈥�
Deployed in the cloud, Nasdaq Calypso offers unparalleled scalability to adapt to dynamic market conditions and evolving regulatory requirements. Its integrated approach removes manual processes, improves resilience, and offers a consistent user experience, positioning novobanco to deliver high quality service in a rapidly changing financial landscape.
Nasdaq Calypso currently supports novobanco鈥檚 treasury workflows, from trade settlement to payment and accounting processes. Expanding its use to include front-office and risk functions creates an efficient, integrated system aligned with industry best practices. This streamlines operations, centralizes data, enhances transparency through the lifecycle of trades across asset classes, and enables real-time decision-making supported by live pricing and risk analytics. Standardized APIs ensure seamless connectivity to capital markets globally.
As part of its transformation process, novobanco has been focused on becoming a client-centric bank with a simple strategy: to provide a seamless, efficient experience for each customer, supported by an expert and friendly team. With the aim of simplifying and improving the efficiency of its IT and data governance functions, the program has included a focus on improving the bank's operations, reformulating the bank's operating model, and meeting regulatory commitments.
Nasdaq鈥檚 technology is used by
About Novobanco
Novobanco is the 4th largest bank operating in the Portuguese market, with 1.6 million customers, assets of 45.6 billion euros and a
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on聽, on X聽, or at聽.
Media Contacts
Novobanco Investor Relations and Corporate Communication; (+351) 21 350 10 00;
Andy Hughes; +44 (0)7443 100896;
Camille Stafford; +1 (234) 934 9513;
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as 鈥渨ill鈥� and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq鈥檚 Calypso platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq鈥檚 control. These risks and uncertainties are detailed in Nasdaq鈥檚 filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq鈥檚 investor relations website at http://ir.nasdaq.com and the SEC鈥檚 website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
-NDAQG-
FAQ
What is the scope of Novobanco's expanded partnership with Nasdaq (NDAQ)?
How will the Nasdaq Calypso platform deployment benefit Novobanco's operations?
What is the current market reach of Nasdaq's (NDAQ) technology solutions?
How long has Novobanco been using Nasdaq's (NDAQ) Calypso platform?
