Riyad Bank Taps Calypso for Front-to-Back-Office Support
Calypso is to provide treasury operations and cross-asset structured product front-to-back-office solution that is said to significantly improve its straight-through-processing rate. The bank will be able to align its treasury operations with international and Islamic financial industry standards.
"It was important for us to select a vendor that would deliver industry best practices, front-to-back-office support for structured products and cross-asset capabilities as well as the Sharia-compliant support that is critical for our market and for growing the business regionally," says Riyad Al-Zahrani, executive vice president of operations at Riyad Bank.
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