India's IndusInd Bank Selects Calypso for Full Front-to-Back Office Treasury Solution

Calypso Technology,an integrated treasury and capital markets software provider, announced that IndusInd Bank has selected Calypso Technology’s cross-asset front-to-back solution to grow their treasury activities, increase global markets business and manage risk.

Implementing the Calypso integrated solution for our treasury will enable us to offer new sophisticated products to our customers and grow our business. It will provide us with the right platform to manage our capital and risk efficiently.

IndusInd Bank looks to fuel its ambitious growth plan by offering its customers sophisticated treasury products and providing them wider access to the markets. As an industry front-runner adopting latest technology solutions, IndusInd Bank was seeking to implement a state-of-the-art treasury platform and Calypso Technology was the best fit.

Calypso Technology’s treasury solution is designed to enable IndusInd Bank quickly introduce new products including derivatives, and provides the ability to contain risk exposure within limits, thereby ensuring that IndusInd Bank remains ahead of the rapidly changing regulatory landscape.

“Implementing the Calypso integrated solution for our treasury will enable us to offer new sophisticated products to our customers and grow our business. It will provide us with the right platform to manage our capital and risk efficiently,” said Paul Abraham, the Chief Operating Officer, IndusInd Bank.

Calypso Technology is committed to expanding and strengthening its local presence in India since opening its Mumbai office in 2006 and has since opened two additional offices in Chennai and Pune. Its engineering, product support, account management and product management teams in India offer worldclass support to local and global clients. “As India continues to expand as one of the world’s leading and most exciting economies, we are delighted to continue our long-term commitment to India and Asia Pacific,” says Calypso Technology Chairman and Co-CEO Charles Marston.

Calypso Technology’s General Manager for APAC, Sean McDermott commented, “We are pleased to be working with IndusInd Bank to help the bank to grow their business and manage their risk effectively. This new addition to our client base is a testament to the Scalability Scalability Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Scalability is a term that describes the constraints of a network via hash rates to meet increased demand. In the context of Bitcoin, scalability reflects the issue in which a limited rate can process transactions adequately.Blocks within the Bitcoin blockchain are limited in both size and frequency. The overall transaction processing capacity of the network is dictated by the average block creation time of 10 minutes as well as a block size limit of 1 megabyte. Consequently, this leads to pain Read this Term and robustness of the Calypso software to support the growth objectives of the bank in one of the fastest developing economies in the world.”