Novobanco Enhances Capital Market Operations Through Expanded Partnership with Nasdaq Calypso

Novobanco, one of Portugal’s leading independent banks, has announced a significant expansion of its long-standing partnership with Nasdaq. This development will see the bank adopt Nasdaq’s Calypso platform to streamline and integrate its entire capital market operations, spanning front office, risk management, and back-office functions. By extending its use of Nasdaq’s advanced technology, Novobanco aims to enhance its operational efficiency and scalability, aligning with its broader strategy of modernization and client-focused growth.

Having relied on Nasdaq Calypso for nearly two decades to manage back-office processes, Novobanco is now taking the next step in its digital transformation by incorporating the platform's front-office and risk functionalities. This full integration is expected to enhance the bank’s treasury infrastructure, providing a unified, cloud-based solution that can scale with market demands and evolving regulatory standards.

Nuno Duarte, Head of Treasury and Finance at Novobanco, emphasized that this move is pivotal in strengthening the bank’s position in the Portuguese banking sector. "By consolidating our treasury operations onto a single platform, we are not only enhancing the efficiency of our internal processes but also improving the customer experience,” said Duarte. "This step aligns with our vision to remain an independent, innovative player in the banking industry while continuing to grow sustainably."

The adoption of Nasdaq Calypso’s integrated platform represents a broader trend among European banks toward modernizing their capital markets infrastructure. Gil Guillaumey, Senior Vice President of Capital Markets Technology at Nasdaq, remarked that Novobanco’s decision to upgrade its system marks a significant milestone in its digital transformation journey. "This partnership provides Novobanco with the flexibility needed to adapt to changing industry dynamics and regulatory challenges, ultimately positioning the bank for continued growth and success," Guillaumey noted.

Calypso’s platform offers Novobanco a comprehensive suite of tools for managing multiple asset classes and trading activities, from settlement to risk analytics. The cloud-based deployment ensures that the system is highly scalable, allowing Novobanco to remain agile in an ever-evolving market environment. By centralizing its data and operations on a single platform, Novobanco also benefits from improved operational transparency and enhanced decision-making capabilities.

The expanded partnership is part of Novobanco’s larger digital strategy, which focuses on simplifying IT governance, improving operational efficiency, and ensuring compliance with regulatory requirements. This ongoing transformation will help the bank meet the growing needs of its customers while enhancing the quality of its services.

The move is also indicative of Nasdaq’s increasing influence in the European banking sector. With Nasdaq Calypso already being used by numerous systemically important financial institutions globally, the platform’s role in supporting Novobanco’s modernization further underscores Nasdaq’s position as a key technology partner for financial services institutions worldwide.

As Novobanco continues to evolve, its expanded collaboration with Nasdaq promises to enhance not only its technological infrastructure but also its commitment to providing a seamless, efficient, and customer-centric experience. This strategic move positions Novobanco to navigate the complexities of the capital markets more effectively while continuing to drive long-term growth and innovation.