Novobanco Expands Know-how Partnership with Nasdaq Calypso to Simplify its Capital Market Operations

Article content material

Portugal’s 4^th largest financial institution expands Nasdaq partnership, adopting Calypso’s Entrance Workplace and Threat platform

Article content material

Article content material

Totally built-in system will likely be deployed within the cloud to reinforce flexibility and scalability of novobanco’s treasury infrastructure

NEW YORK and LISBON, Jan. 15, 2025 (GLOBE NEWSWIRE) — Novobanco and Nasdaq (Nasdaq: NDAQ) immediately introduced the growth of their long-standing expertise partnership, which can see novobanco develop its use of Nasdaq’s Calypso platform to help the financial institution’s total capital market operations. Novobanco, a number one Portuguese unbiased home financial institution, has used the answer to conduct back-office processing for nearly 20 years and can now incorporate its danger and entrance workplace performance to completely combine the expertise underpinning its treasury operate.

Article content material

“Consolidating our treasury operate onto a single platform marks one other main step in our journey to place ourselves as an unbiased, sturdy, and profitable Portuguese financial institution,” stated Nuno Duarte, Head of Treasury and Finance of novobanco. “By streamlining our infrastructure and enhancing the effectivity of our operations, we’re higher positioned to ship a extra private, customer-centric expertise to our shoppers, whereas supporting sustainable progress. We welcome the chance to develop our relationship with Nasdaq and look at them as a strategic associate in our transformation.”

Nasdaq Calypso is a world, multi-asset commerce administration platform designed to streamline buying and selling, clearing, danger administration, and post-trade processing. By adopting this answer, novobanco enhances its operational effectivity and agility, leveraging superior expertise to help its evolving enterprise wants.

Gil Guillaumey, Senior Vice President of Capital Markets Know-how at Nasdaq, stated: “European banks are on a unprecedented modernization journey and the choice to consolidate novobanco’s capital markets infrastructure underscores the financial institution’s dedication to innovation and superior shopper companies. By this partnership, novobanco beneficial properties the pliability and scalability required to satisfy new business requirements, navigate regulatory modifications, and capitalize on new progress alternatives. This marks a major milestone within the financial institution’s ongoing transformation.”

Article content material

Article content material

Deployed within the cloud, Nasdaq Calypso gives unparalleled scalability to adapt to dynamic market situations and evolving regulatory necessities. Its built-in strategy removes guide processes, improves resilience, and gives a constant consumer expertise, positioning novobanco to ship top quality service in a quickly altering monetary panorama.

Nasdaq Calypso at the moment helps novobanco’s treasury workflows, from commerce settlement to cost and accounting processes. Increasing its use to incorporate front-office and danger capabilities creates an environment friendly, built-in system aligned with business greatest practices. This streamlines operations, centralizes knowledge, enhances transparency by the lifecycle of trades throughout asset courses, and allows real-time decision-making supported by reside pricing and danger analytics. Standardized APIs guarantee seamless connectivity to capital markets globally.

As a part of its transformation course of, novobanco has been targeted on turning into a client-centric financial institution with a easy technique: to supply a seamless, environment friendly expertise for every buyer, supported by an skilled and pleasant group. With the intention of simplifying and enhancing the effectivity of its IT and knowledge governance capabilities, this system has included a concentrate on enhancing the financial institution’s operations, reformulating the financial institution’s working mannequin, and assembly regulatory commitments.

Article content material

Nasdaq’s expertise is utilized by 97% of worldwide systematically essential banks, half of the world’s prime 25 inventory exchanges, 35 central banks and regulatory authorities, and three,500+ shoppers throughout the monetary companies business. As a scaled platform associate, Nasdaq attracts on deep business expertise, expertise experience, and cloud managed service expertise to assist monetary companies corporations resolve their hardest operational challenges whereas advancing industrywide modernization.

About Novobanco

Novobanco is the 4th largest financial institution working within the Portuguese market, with 1.6 million clients, property of 45.6 billion euros and a 9.3% total market share in September 2024. Our omnichannel buyer relationship mannequin gives an entire and handy banking expertise, together with safe digital channels, complemented by an revolutionary and up to date proximity distribution mannequin, with 291 branches and 20 company centres protecting the whole nation. We worth the coaching of our greater than 4,200 professionals and help the group by social, cultural and monetary inclusion programmes. Our objective is to contribute to Portugal’s financial progress, each for households and corporations in any respect phases of their lives, in a sustainable and accountable manner. To be taught extra about novobanco, go to us on LinkedIn or www.novobanco.pt/english.

Article content material

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a world expertise firm serving company shoppers, funding managers, banks, brokers, and trade operators as they navigate and work together with the worldwide capital markets and the broader monetary system. We aspire to ship world-leading platforms that enhance the liquidity, transparency, and integrity of the worldwide financial system. Our various providing of information, analytics, software program, trade capabilities, and client-centric companies allows shoppers to optimize and execute their enterprise imaginative and prescient with confidence. To be taught extra in regards to the firm, expertise options and profession alternatives, go to us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

Media Contacts
Novobanco Investor Relations and Company 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 Word Relating to Ahead-Wanting Statements:

Data set forth on this press launch comprises forward-looking statements that contain numerous dangers and uncertainties. Nasdaq cautions readers that any forward-looking data is just not a assure of future efficiency and that precise outcomes may differ materially from these contained within the forward-looking data. Ahead-looking statements will be recognized by phrases reminiscent of “will” and different phrases and phrases of comparable that means. Such forward-looking statements embody, however are usually not restricted to, statements associated to the advantages of Nasdaq’s Calypso platform. Ahead-looking statements contain numerous dangers, uncertainties or different components past Nasdaq’s management. These dangers and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Change Fee, together with its annual studies on Kind 10-Ok and quarterly studies on Kind 10-Q which can be found on Nasdaq’s investor relations web site at http://ir.nasdaq.com and the SEC’s web site at www.sec.gov. Nasdaq undertakes no obligation to publicly replace any forward-looking assertion, whether or not because of new data, future occasions or in any other case.

-NDAQG-

Article content material