Calypso Technology announced that IndusInd Bank has strengthened its partnership with the firm by adopting many of the next generation modules that have recently been added to the Calypso platform.
Recognizing that increasing market volatility and need to expand sales channels are driving banks to acquire next-generation front office platforms, Calypso has invested in developing such analytics and decision support tools to enable dealers to get key information efficiently, enabling faster decisions and quicker time to market.
IndusInd Bank is known as an early adopter of best-in-class technologies to support its treasury and capital markets verticals. The bank implemented Calypso’s cross-asset front-to-back Treasury Suite in early 2014 to achieve faster business growth and higher straight-through processing (STP) rates. The new modules includ Calypso Front Office Workstation (FOWS) and Client Activity Browser (CAB), in addition to several of Calypso’s latest Productivity Suite tools. These modules will be implemented as part of a version upgrade over the coming months.
In a statement, Arun Khurana, deputy CEO and country head in the Global Markets, Transaction Banking, Financial Institutions and Public Sector division for IndusInd Bank said that new tools mean dealers can see real-time risk and P&L across products and time buckets for risk management, while the Compliance Module integrates natively with the front office and enables a pre-deal high standard compliance check.