Tech briefs
HVB takes Calypso tool
HypoVereinsbank (HVB) is using Calypso Technology’s back-office software system for FX processing.
The bank wanted an automated system in its back office for FX, money markets and FX options, to improve processing quality as well as straight-through-processing. In doing so, it is expecting to reduce back-office costs while still handling growth in volumes.
Frank Elbe, senior vice-president of operations, at HVB subsidiary Financial Markets Service Bank in Munich, said
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