Novobanco Expands Nasdaq Calypso Partnership to Streamline Capital Markets Operations

Novobanco and Nasdaq have announced the expansion of their long-standing technology partnership, with the Portuguese bank adopting Nasdaq’s Calypso platform to fully support its capital market operations. Having utilised Calypso for back-office processing for nearly two decades, Novobanco will now integrate its risk management and front-office functions into the system. This move aims to enhance operational efficiency, agility, and data transparency across the bank’s treasury workflows.

The Nasdaq Calypso platform, deployed in the cloud, offers a multi-asset trade management solution that automates trading, clearing, risk management, and post-trade processing. By expanding its use of the platform, Novobanco aims to benefit from real-time decision-making capabilities, enhanced risk analytics, and seamless global connectivity through standardised APIs. This integration aligns with Novobanco’s ongoing transformation strategy to simplify its operations, improve IT efficiency, and strengthen its client-centric approach.

Nuno Duarte, Head of Treasury and Finance of Novobanco, commented: “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. “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.”

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.”