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 più 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, integrerà ora anche la funzionalità di front office e gestione dei rischi per consolidare l'intera infrastruttura di tesoreria.
La piattaforma Nasdaq Calypso, distribuita tramite cloud, fornirà a novobanco maggiore scalabilità e flessibilità, semplificando le operazioni di trading, clearing, gestione del rischio e processamento post-trade. Il sistema integrato centralizzerà i dati, migliorerà la trasparenza e consentirà 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 più centrata sul cliente ed operativamente efficiente. La tecnologia di Nasdaq attualmente serve il 97% delle banche globalmente sistematicamente importanti, metà delle prime 25 borse mondiali e 35 banche centrali.
Novobanco, el cuarto banco más grande de Portugal, ha anunciado una expansión de su asociación tecnológica 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 años, ahora integrará la funcionalidad de front office y gestión de riesgos para consolidar toda su infraestructura de tesorería.
La plataforma Nasdaq Calypso, implementada en la nube, proporcionará a novobanco una mayor escalabilidad y flexibilidad, optimizando el comercio, la compensación, la gestión de riesgos y el procesamiento post-negociación. El sistema integrado centralizará los datos, mejorará la transparencia y permitirá la toma de decisiones en tiempo real a través de precios en vivo y análisis de riesgos.
Esta expansión se alinea con la estrategia de transformación de novobanco para volverse más centrada en el cliente y operativamente eficiente. La tecnología de Nasdaq actualmente sirve al 97% de los bancos sistemáticamente importantes a nivel global, la mitad de las 25 principales bolsas de valores del mundo y 35 bancos centrales.
Novobanco는 포르투갈에서 네 번째로 큰 은행으로, Nasdaq (NDAQ)와의 기술 파트너십을 확대하여 자본 시장 운영을 위해 Calypso 플랫폼 전체를 채택했다고 발표했습니다. 이 은행은 거의 20년 동안 Calypso의 백오피스 프로세싱을 사용해 왔으며, 이제는 프론트 오피스와 리스크 기능을 통합하여 전체 재무 인프라를 통합할 예정입니다.
클라우드에서 배포된 Nasdaq Calypso 플랫폼은 novobanco에 향상된 확장성과 유연성을 제공하여 거래, 청산, 리스크 관리 및 사후 거래 처리를 간소화합니다. 통합 시스템은 데이터를 중앙화하고 투명성을 향상시키며 실시간으로 가격 책정 및 리스크 분석을 통해 즉각적인 의사결정을 가능하게 합니다.
이 확장은 novobanco의 고객 중심 및 운영 효율성을 높이기 위한 변혁 전략과 일치합니다. Nasdaq의 기술은 현재 전 세계적으로 시스템상 중요 은행의 97%, 세계 25대 증권 거래소의 절반 및 35개의 중앙은행에 서비스를 제공하고 있습니다.
Novobanco, la quatrième plus grande banque du Portugal, a annoncé une expansion de son partenariat technologique avec Nasdaq (NDAQ) en adoptant la plateforme Calypso complète pour ses opérations sur le marché des capitaux. La banque, qui utilise le traitement back-office de Calypso depuis près de 20 ans, intégrera désormais la fonctionnalité de front office et de gestion des risques pour consolider l'ensemble de son infrastructure de trésorerie.
La plateforme Nasdaq Calypso déployée dans le cloud offrira à novobanco une meilleure scalabilité et flexibilité, en rationalisant le trading, le clearing, la gestion des risques et le traitement post-négociation. Le système intégré centralisera les données, améliorera la transparence et permettra une prise de décision en temps réel grâce à des prix en direct et des analyses de risques.
Cette expansion s'aligne avec la stratégie de transformation de novobanco pour devenir plus centrée sur le client et opérationnellement efficace. La technologie de Nasdaq sert actuellement 97 % des banques systématiquement importantes à l'échelle mondiale, la moitié des 25 plus grandes bourses du monde et 35 banques centrales.
Novobanco, die viertgrößte Bank Portugals, hat eine Erweiterung ihrer Technologiepartnerschaft mit Nasdaq (NDAQ) angekündigt, indem sie die gesamte Calypso-Plattform für ihre Kapitalmarktoperationen übernimmt. 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 Flexibilität 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 ermöglichen.
Diese Erweiterung steht im Einklang mit der Transformationsstrategie von novobanco, die kundenorientierter und operativ effizienter werden möchte. Die Technologie von Nasdaq bedient derzeit 97% der global systemrelevanten Banken, die Hälfte der weltweit 25 größten Börsen 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’s 4th largest bank expands Nasdaq partnership, adopting Calypso’s Front Office and Risk platform
Fully integrated system will be deployed in the cloud to enhance flexibility and scalability of novobanco’s 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’s Calypso platform to support the bank’s 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.
“Consolidating 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,” said Nuno Duarte, Head of Treasury and Finance of novobanco. “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. We welcome the opportunity to expand our relationship with Nasdaq and view them as a strategic partner in our transformation.”
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: “European banks are on an extraordinary modernization journey and the decision to consolidate novobanco’s 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’s ongoing transformation.”
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’s 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’s 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 LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contacts
Novobanco Investor Relations and Corporate Communication; (+351) 21 350 10 00; media@novobanco.pt
Andy Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
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 “will” 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’s Calypso platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s 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’s investor relations website at http://ir.nasdaq.com and the SEC’s 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.
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