KB Kookmin Bank (KB), South Koreas largest bank by asset value and market capitalization, has gone live with the Calypso system to support its capital markets business, including trading and risk management of derivatives, treasury, and collateral management.
The functionalities of the Calypso system range from deal capture, desk-level risk and processing (trade lifecycle workflows) to position and risk analysis. With the new platform, a total of 14 asset classes will be covered, such as FX cash and options, money market, fixed income, credit and interest derivatives, and collateral management.
With Calypso Technologys modern, flexible and scalable platform in place, we will be able to expand and grow into new and important areas of business, says Kim, Don Kyu, deputy general manager of KB Kookmin Bank. We now have a great opportunity to become a regional leader in derivatives, made possible due to Calypso Technology. We look forward to working with Calypso and are excited by the benefits that will immediately favor us.
Charles Marston, CEO and chairman of Calypso Technology, adds: This project with KB Kookmin Bank, South Koreas largest bank, further underscores Calypso Technologys work in the East Asian markets and our expertise in cross-asset coverage, particularly branching into collateral management. We are delighted to be working with KB Kookmin Bank and assisting them as their business develops.