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SAN FRANCISCO, Sept. 30, 2015 /PRNewswire/ - Calypso Technology Inc., the standard for treasury and capital markets software, has successfully deployed its award-winning solution at leading emerging and frontier markets investment bank Renaissance Capital as a strategic cross-asset back-office solution for the bank's client and proprietary operations.
The project was divided into several phases to provide increased automation and operational consolidation, while integrating the Calypso platform into Renaissance Capital's existing IT landscape as a sound foundation for future business lines.
"The decision to upgrade our back-office operations was driven by rapidly increasing trade volumes which necessitated greater automation and coordination of back office tasks," commented Vladimir Gibenko, Renaissance Capital's Chief Information Officer.
The Calypso platform was selected on the basis of its seamless end-to-end processing across multiple asset classes and ability to replace a number of existing legacy systems.
"Given Renaissance Capital's expansion, it was vital we had a proven solution that could be easily implemented for current needs and expand to meet future growth objectives," added Iraida Sergienko, Renaissance Capital's Global Head of Operations.
As of now Calypso has been used at Renaissance Capital as a main back-office system for almost a year. Calypso processes up to 500 K transactions per day across all aspects of back-office functionality. This includes client accounting, which was fully customized for the Russian market. During this period of time the Firm not only started using all the functionality in its production environment, but also implemented new business requirements such as MENA markets.
Calypso's Executive Chairman, Charles Marston, said: "We are delighted that Renaissance Capital has successfully implemented the Calypso solution across its back-office operations globally. The emerging markets, including Russia and the CIS, are strategic for Calypso, and we continue to invest in these regions to provide solutions that package market best practices in conjunction with local conventions."
About Calypso Technology, Inc.
Calypso Technology, Inc. is a leading provider of cross-asset front-to-back technology solutions for financial markets. It provides customers with a single platform for consolidation, innovation and growth. With 17 years experience delivering software and services for trading, risk management, processing and accounting, the Calypso solution helps bring simplicity to complex business and technology challenges. Calypso solutions address needs for the capital markets, investment management, clearing, collateral, treasury and liquidity. Clients can benefit from greater efficiency, improved risk management, better allocation of capital, faster regulatory compliance, quicker time to market and reduced TCO. Calypso Technology offers solutions that improve reliability, adaptability and scalability.
Calypso is used by over 34,000 market professionals in over 60 countries representing more than 200 financial institutions across Asia, Americas, Europe, Middle East and Africa. Calypso Technology has over 800 staff in 22 global offices, with headquarters in San Francisco, California. "Calypso" is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.www.calypso.com
About Renaissance Capital: Renaissance Capital is a leading investment bank focused on emerging and frontier markets of Africa, Russia, Eastern Europe, Asia and the Middle East. Since its inception in 1995, the Firm has been advancing its belief in the potential of the world's rapid-growth regions. The Firm also offers its clients access to these high-opportunity markets through major financial centres such as London and New York. Renaissance Capital has market-leading positions in each of its core businesses – M&A, equity and debt capital markets, securities sales and trading, research and derivatives Renaissance Capital is part of ONEXIM Group. www.rencap.com
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