Novobanco Expands Technology Partnership with Nasdaq Calypso

Novobanco and Nasdaq 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. 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. 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’s 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. Nasdaq’s technology is used by 97% of global systematically important banks, half of the world’s top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,500+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization.