The National Bank of Cambodia (NBC) has joined a growing list of central banks to adopt the Calypso foreign reserve management solution developed by Adenza Group Inc – a software application provider with headquarters in London and New York.
The solution would enable operational functions across a single, integrated front-to-back platform that leverages international standards.
According to Adenza, Calypso reserve management solution is designed to improve operational efficiency by reducing risks and costs.
The solution enables central banks like the NBC to optimise operations, manage reserves for internal and third-party portfolios in real-time, and flexibly monitor risks, Monte Carlo VaR, performance benchmarks, and limits for cash and derivative financial instruments across asset classes, including commodities and inflation-linked products.
“In today’s rapidly growing economy, by joining Adenza’s central-banking community, the NBC futureproofs itself with a solid foundation that scales to address subsequent requirements such as MX settlement messaging, increased straight-through processing (STP) ratios, and automated collateral management.
“In selecting a long-term contract, the central bank is well-positioned for upcoming critical industry-infrastructure changes,” the company said in a statement.
According to RG Manalac, managing director for Adenza Asia Pacific, the Calypso central banking solution equally supports the reserves management, treasury and monetary operations requirements of the world’s largest central banks as well as those from emerging markets.
Its flexible, modular technology enables institutions from emerging markets to rapidly onboard and leverage rich front-to-back functionalities, scaling as the institutions grow.
“We are honoured to welcome the NBC to Adenza’s central banking community. NBC joins our growing community of central banking clients globally and in the Asia Pacific,” said Manalac.
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premises or via the cloud.
It 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.