Novobanco Expands Technology Partnership with Nasdaq Calypso to Simplify its Capital Market Operations

Partnership Expansion - Novobanco, Portugal's 4th largest bank, expands its partnership with Nasdaq by adopting Nasdaq's Calypso Front Office and Risk platform to fully integrate its treasury infrastructure [1] - The fully integrated system will be deployed in the cloud, enhancing flexibility and scalability for Novobanco's capital market operations [1] - This marks a significant milestone in Novobanco's ongoing transformation, positioning the bank to meet new industry standards and capitalize on growth opportunities [4][8] Nasdaq's Technology and Market Position - Nasdaq's Calypso platform is used by 97% of global systematically important banks, 50% of the world's top 25 stock exchanges, 35 central banks, and over 3,500 clients in the financial services industry [2] - Nasdaq's technology expertise and cloud-managed services help financial institutions solve operational challenges and advance industry modernization [2] - Nasdaq Calypso is a global, multi-asset trade management platform designed to streamline trading, clearing, risk management, and post-trade processing [8] Novobanco's Transformation and Strategy - Novobanco aims to become a client-centric bank, focusing on providing a seamless and efficient customer experience supported by an expert team [5] - The bank has been simplifying and improving its IT and data governance functions, reformulating its operating model, and meeting regulatory commitments [5] - Novobanco's treasury workflows, including trade settlement, payment, and accounting processes, are already supported by Nasdaq Calypso, with expansion to front-office and risk functions creating an efficient, integrated system [9] Novobanco's Market Position and Operations - Novobanco is the 4th largest bank in Portugal, with 1.6 million customers, assets of €45.6 billion, and a 9.3% market share as of September 2024 [10] - The bank operates 291 branches and 20 corporate centers, offering an omnichannel customer relationship model with secure digital channels and a proximity distribution model [10] - Novobanco values the training of its 4,200+ professionals and supports community initiatives through social, cultural, and financial inclusion programs [6]