Erste Bank takes Calypso

Erste Bank is installing Calypso’s risk management and trading system for credit, interest rate and FX derivatives. The bank says it was attracted to Calypso because of its strength of integration from front to back office. “We expect to see significant benefits through managing cross-asset risk and improving straight-through processing for flow and structured derivatives,” says Herbert Juranek, head of group IT at Erste Bank.He adds that the bank might extend the platform as it expands deri