Mizuho Bank London Implements Orchestrade to Enhance Risk Management

Mizuho Bank London Implements Orchestrade to Enhance Risk Management
07.12.2018 06:54 am

Mizuho Bank London Implements Orchestrade to Enhance Risk Management

Trading Systems , Risk Management , Infrastructure
Orchestrade, a leading provider of trading, risk and operations solutions for capital markets, announced today that Mizuho Bank London has gone live on the Orchestrade system for consolidated risk management across a broad range of asset classes. 

As with many large financial institutions, Mizuho generates and maintains its trading and risk data in multiple systems. This disparate approach creates challenges to producing consolidated views of risk that are consistent and fast enough to keep up with the business and regulatory requirements. Orchestrade enables Mizuho to achieve a consistent view of P&L and risk in near real-time by leveraging a modern, open API framework. 

The implementation of Orchestrade delivers critical benefits to Mizuho including:
• Reduction in time spent in manual processing and reconciliation 
• Lower running costs through operational simplification and automation 
• Increased flexibility in representing risk measures to different businesses and front office users

Mizuho selected Orchestrade after an extensive review of other third-party systems as well as internal build. "It was clear from the onset that Orchestrade offered everything we needed in terms of product coverage and risk management capabilities," states David Blake, Managing Director, Head of Market & Liquidity Risk Management at Mizuho Bank. "In the end, Orchestrade delivered on all fronts. The quality and speed of the implementation has exceeded our expectations, and we view Orchestrade as a strategic part of our trading and risk IT going forward," he added. The implementation from selection to production was accomplished in 9 months, on schedule and within budget.

"We are extremely proud to add Mizuho to our growing list of global bank clients," notes Gordon Chan, VP Marketing, Orchestrade. "For financial enterprises who do not want to go through a costly rip-and-replace strategy covering several legacy systems, Orchestrade offers a market-tested solution that enables firms to rapidly meet immediate regulatory and risk reporting requirements, with the added potential to replace entire legacy front office or back office systems in the medium or longer term."

Orchestrade is the only institutional-grade, cross-asset capital market platform launched after the financial crisis. It is designed to dramatically reduce IT dependency during implementation and operation by delivering a native, cross-asset, end-to-end solution that is connected to the capital market ecosystem out of the box. 

Related News

Avelacom Integrates with Seed CX to Increase Stability and Speed for Institutional Investors Globally

Avelacom, the high-performance global connectivity and IT infrastructure provider for the financial services industry, today announced a landmark partnership with Seed CX, the... Read more »

Klarna “Pop-up” Sets New Standard to Trial Retail

Having transformed how consumers see ‘payments’, Klarna the Pay later company has turned its sights on the high street. It aims to show retailers how building a positive ‘play-... Read more »

BrokerTec Launches Trading Solution for European Repo Markets: BrokerTec Quote

BrokerTec, a leading provider of electronic trading platforms and technology services in fixed income markets, today announced it will launch BrokerTec Quote, a new dealer-to-... Read more »

NICE Actimize Named “Best Trade Surveillance Solution for MAD/MAR Technology” in 2019 RegTech Insight Awards

NICE Actimize, business and the industry leader in Autonomous Financial Crime Management, was named the category winner for "Best Trade... Read more »

Ideal Prediction Adds Natural Language Processing to its Trading Analysis Service

Ideal Prediction, the independent trading analysis and data science company for capital markets, today announced the addition of Natural Language Processing (NLP) to its... Read more »

Exscudo enables Sepa deposits to crypto exchange

Excudo announced that SEPA deposit functionality has been added to the Exscudo Exchange.

The option to send fiat deposits in EUR and USD is already available to the... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel