The apex bank, which has a foreign reserve of $329bn, claimed that the technology will offer greater efficiencies and decrease operational risk across the foreign reserve business.
Combining workflow in a single front-to-back office platform, Calypso enables the bank to endorse investment management decisions across an array of products, including FX, MM, equities, commodities, fixed income and interest rate derivatives.
NOA Advanced Technology Solutions (NOA-ATS) served as the system implementation partner during the implementation process, while Calypso offered subject matter expertise support.
The Bank of Korea was established on 12 June 1950 under the Bank of Korea Act, with a capital of KRW1.5bn ($13.22m), all of which was subscribed by the government.
