Business

Dubai, United Arab Emirates, 25 February 2019: Emirates NBD, a leading financial institution in the Middle East today announced its partnership with Calypso Technology Inc., the standard for treasury and capital markets software, to deliver one of the worlds most comprehensive implementations of its flagship Calypso treasury platform to date. This is a key milestone in Emirates NBDs delivery of its multi-year digital transformation journey, part of the Groups AED 1 billion investment towards digitising operations, products and services to enhance proposition to corporate clients and retail customers.

As an existing Calypso client, the end-to-end upgrade to Calypso Version 15 ensures that Emirates NBDs enterprise treasury solution will continue keeping pace with the increasingly sophisticated needs of its growing Treasury client-base.

Centralisation and consolidation were key goals for the upgrade, ensuring that all products and functions are henceforth available in one single core system, supporting all of Emirates NBDs domestic and international markets. Further benefits include enhanced ease of use and scalability of Emirates NBDs treasury platform. Calypso Version 15 further strengthens the platforms resiliency and availability, while real-time monitoring capability is provided through App Dynamics. Thanks to Calypsos new Front Office Workstation (FOWS), Emirates NBD traders can now efficiently monitor their cross-asset positions and P&L in real time. With Calypsos robust capital reporting framework, Emirates NBD is also well positioned to meet Basel 3s upcoming capital reporting requirements.

Commenting on the achievement, Abdulla Qassem, Group Chief Operating Officer, Emirates NBD said: As we progressively deliver our AED 1 billion digital transformations, it is critical to support the continued growth of our Treasury business with a sophisticated and scalable enterprise platform.

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