Evergrowing Bank has selected software development provider Adenza to support its technology modernisation and risk-management optimisation programme.
The Chinese bank will use Adenza’s Calypso Treasury front-to-back solution to support its modernisation, consolidation and risk management strategy.
The solution will also expand Evergrowing’s cross-asset front-office support, including pre-trade compliance for money market, fixed income and foreign exchange products.
Using a real-time pre- to post-trade platform, the Calypso Treasury solution aims to support local-market growth and increased volumes as the business expands.
Tang Yuanliang, general manager of the treasury operation centre at Evergrowing Bank, says: “This solution drives straight-through processing, new real-time valuation, compliance and risk metrics — a solid foundation for expanding our business.”
RG Manalac, managing director for APAC at Adenza, adds: “By leveraging our comprehensive collection of interactive dashboards that bridge front-office data, pre-trade compliance and risk analytics, the bank can simplify its capital markets ecosystem while adapting to new market products and regulations.”
