Banca March joins forces with Adenza to optimise its treasury procedures
21 March 2024 Category: Agreements
- Through Adenza's CapCloud™ SaaS solution, the bank will begin using the Calypso platform, which will allow for more agile, efficient management of the entire life cycle of its treasury operations (front-to-back-to-risk management).
- Banca March, a specialist provider of private banking and corporate advisory services, has incorporated cutting-edge financial technology that allows for real-time integration of the management of balance sheet risk and all financial market activity, as well as improving customer service.
Banca March, a specialist provider of private banking and corporate advisory services, has joined forces with Adenza, a financial software company acquired by Nasdaq in November 2023, to optimise its treasury procedures and operations (front-to-back-to-risk management) using the Calypso platform. The CapCloud SaaS solution enables more agile, efficient management by facilitating the real-time integration of balance sheet risk management and financial market operations throughout the entire lifecycle of each transaction on any asset.
Thanks to this solution, for which implementation is subject to the relevant regulatory approvals, Banca March will enjoy integrated management of all its positions (currencies, money markets, fixed income, equities, derivatives and securities financing) in real time on a single platform.
Héctor Rico, Director of Quantitative Analysis and Methodology at Banca March, said: "The treasury solution Calypso will not only enable us to deploy greater operational efficiency, but will also facilitate the flexibility and scalability required to expand our advisory activities to wealth management and business banking clients. This tool will provide us with greater agility and modernised processes, which will drive growth in activity and volumes and free up resources that will allow us to focus on providing advisory services, minimising the time spent on tasks with less added value."
"We are delighted to welcome Banca March to our CapCloud and regional banking community. This solution will allow Banca March to expand its Treasury and Capital Markets activities, benefiting from updates and improvements to access new versions and ensure it remains at the forefront of innovation. This technology will help Banca March drive stronger business growth and adapt to complex, ever-changing market conditions and regulatory requirements," said Guillaume Barbaud, Regional Sales Director for Continental Europe at Nasdaq.
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