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 Shinhan Bank Goes Live with Calypso
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- Derivatives trading brings competitive advantage
- Ease of implementation allows rapid utilization |
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| Tokyo, 28 October 2009 - Calypso Technology, Inc, a global application software provider of an integrated trading and risk management application suite to the capital markets industry, announced today that Shinhan Bank, a leading Korean commercial bank, has gone live with the Calypso platform for derivatives trading in the front office. |
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| Shinhan Bank identified an opportunity in credit risk hedging and derivatives trading, and was looking for a best of breed solution to support the launch of its new business segment. After a thorough selection process, the bank chose Calypso for its ease of implementation and front office functionalities, in addition to Calypso’s expertise and support in this area. Calypso’s flexibility and scalability were also key decision factors as the bank searched for a system that was capable of covering different asset classes, could cope with rapid business growth, and adapt quickly to market
requirements and changes. |
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Ham Tae-Gyu, Credit Derivative Trader, Shinhan Bank, commented, “The Calypso solution is a perfect match for Shinhan Bank’s ambition to bring innovative products to the market, which has always been our competitive edge.
The decision to implement Calypso has enabled our firm to remain ahead of the curve by evolving our technology to support our business needs and to achieve our goals.” |
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Charles Marston, Chairman & CEO, Calypso Technology, added, “Asia Pacific is an important region for Calypso.
Our successful partnership with Shinhan Bank shows our commitment to working closely with clients to deliver innovative solutions. Our localized teams ensure all our clients received the highest level of service and support from start to finish.” |
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About Calypso Technology, Inc.
Calypso is a global application software provider that delivers an integrated suite of trading and risk applications to the capital markets industry. Over 90 top tier customers, including seven of the top ten global banks, use the Calypso Trading and Risk Management Platform - the first integrated application suite for derivative and treasury products.
The company’s 420+ employees include some of the best talent from the capital markets and technology industries and, with over 15,000 users, Calypso has been recognized for its award-winning product innovations and strong customer service culture. |
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| “Calypso” is a registered trademark of Calypso Technology, Inc in the United States, the European Union and other jurisdictions. |
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About Shinhan Bank
Shinhan Bank is one of the three largest commercial banks in Korea. It belongs to Shinhan Financial
Group. The equity value of the group is 23 billion USD placing the group the 6th largest listed
company in Korea Stock market. |
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Press Contacts
Cognito Europe / APAC
Adam Honeysett-Watts
+44 (0)20 7438 1100
Cognito US
Binna Kim / Paul Damon
+1 646 395 6300
calypso@cognitomedia.com |
