07 Sep RBL Bank selects Adenza to deliver a future-ready treasury platform
London, New York – 7 September 2021:
Adenza, the new company formed by the merger of Calypso Technology and AxiomSL to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, today announced that RBL Bank, one of India’s leading private sector banks, who had implemented the Calypso Treasury solution for its FX, fixed income, money market, equity, mutual funds and repo operations, continues to leverage the platform for expanding its business further.
The first implementation for the bank was the Calypso front-to-back treasury solution for derivatives. Since then, the bank has gone live with additional modules of the Calypso platform for cash and fixed income products. These solutions helped the bank enhance its functions and give it a competitive edge with increased productivity achieved through real-time position monitoring, automated settlement, reduced operational risk and faster turnaround time due to straight-through processing (STP) and automated workflows.
“We have been at the forefront of embracing new-age technologies to transform our business verticals. The continued partnership with Adenza will further help us meet that objective and expand our scale.”
– Sankarson Banerjee, Chief Information Officer, RBL Bank
“We are delighted that financial institutions and private sector banks such as RBL Bank are part of our expansion journey in the South Asia region. Building on the strong partnership and support that RBL Bank has given us for the last few years, we are confident that our single, integrated technology platform will provide a foundation for more next generation banks in the region to grow and scale their businesses. We are happy to support RBL Bank in their ongoing business transformation, backed by a proficient local team at our India Center of Excellence and with our investment in continued R&D enhancements.”
– RG Manalac, APAC Managing Director, Adenza
About RBL Bank Ltd.
RBL Bank is one of India’s leading private sector banks with an expanding presence across the country. The Bank offers specialized services under five business verticals namely: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, Retail Assets and Treasury and Financial Markets Operations. It currently services over 9.83 million customers through a network of 435 branches; 1,422 business correspondent branches (of which 271 banking outlets) and 380 ATMs spread across 28 Indian states and Union Territories.
RBL Bank is listed on both NSE and BSE (RBLBANK).
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premise or on-cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business.
With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.
© 2021 Adenza. All rights reserved.
Herve de Laforcade
Global Head of Marketing, Calypso Technology