Briefs 17.5.10

dynamic explosion

Crédito Agricola cuts costs with Calypso

Portugese bank Crédito Agricola has gone live with Calypso Technology to support its front- to back-office FX functions, as announced on May 12. It will support the treasury transactions of Crédito Agricola's central co-ordinating bank, Caixa Central, replacing administrative procedures and reducing processing costs. Pedro Sampaio, a director at Crédito Agricola, said: "We anticipate a cost saving in the region of 35% in our back office and administration

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