Cullen/Frost Bankers Inc. of San Antonio, Tex., has implemented software from Calypso Technology Inc. for its derivatives business.
The Calypso software to support interest rate derivatives processing was completed in less than four months. Frost Bank plans on extending the system to manage the trading and processing of various instruments, such as commodities and foreign exchange.
Through increased process automation, streamlined end-of-day processing and consolidated risk reporting, the system will enable the $20.4 billion-asset Frost to reduce operational risk and improve efficiency, Calypso said in a press release on Tuesday.
Calypso, based in San Francisco, is a capital markets platform provider. It was listed as No. 61 on Bank Technology News's 2011
