ArcelorMittal selects Calypso to deliver modern Front-to-Back cross-asset Treasury solution
- Calypso partnered with Capital Market consulting firm Synechron to provide a cross-asset, fully integrated Treasury Management Solution to ArcelorMittal.
Calypso Technology Inc., a leading provider of cloud-enabled capital markets and investment management platform, announces that ArcelorMittal, the world's leading steel and mining company and the largest corporate treasury in France, selected Calypso’s treasury management solution to provide complete straight- through-processing in one single platform.
ArcelorMittal had been looking for a Front-to-Back treasury solution to manage their complete end-to-end treasury needs including trading, operations, liquidity, funding, regulatory reporting and hedging of Foreign Exchange & Interest Rate exposures. The selection of the award-winning Calypso Treasury solution will enhance and automate ArcelorMittal’s treasury and trading operations, including Trade Booking, Pricing Analytics, compliance and limits monitoring and risk management, enabling it to efficiently manage and support its treasury requirements across the globe.
The implementation will be managed in partnership between Calypso and Synechron; this collaboration immediately translated for ArcelorMittal into an agile adaptation to their global operational requirements and brought a standardized methodology of the award-winning Calypso Treasury solution.
“For our ambitious project to succeed, we needed a robust and flexible Front-to-Back Treasury management solution. After a comprehensive assessment of the market, we chose the Calypso Treasury solution and selected Synechron to implement it. We are confident that the proven Calypso-Synechron partnership will deliver a Treasury Management System fit for our current and future needs.”
— Laurent Koenig, Treasury Head of Operations, ArcelorMittal
“Synechron is proud to have been selected by ArcelorMittal on this ambitious Calypso project. Current health and sanitary conditions are driving an entirely remote project at this stage, facilitated by Synechron’s extensive mix-shore project experience, particularly Franco-Serbian. Close collaboration with Calypso and ArcelorMittal will be an essential key to the success of the overall project.”
— Jawad Cherkaoui, Senior Director, Head of Systems Integration at Synechron
“We are proud to welcome ArcelorMittal in our Treasury Client community after a long and thorough selection process. This is an excellent testimony to the quality of the Calypso team and of our technology partner Synechron to understand the requirements of such a prestigious client and deliver the right solution to support ArcelorMittal’s transformation journey and its ambitions for growth, leveraging our Front-to-Back cross-asset Treasury solution which will become the single source of truth.”
— Eric Languille, Managing Director Europe, Calypso Technology
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/
Synechron is a leading digital transformation consulting firm focused on the financial services industry and is working to Accelerate Digital initiatives for banks, asset managers, and insurance companies around the world. Synechron uniquely delivers these firms an end-to-end Digital, Consulting and Technology capabilities with expertise in wholesale banking, wealth management and insurance as well as emerging technologies like Blockchain, Artificial Intelligence, and Data Science. Based in New York, the company has 22 offices around the globe, with over 10,000 employees producing over $650M+ in annual revenue.
For more information on the company, please visit our website at https://www.synechron.com/ or our LinkedIn community.