AACB signs long-term contract for Nuvo Prime platform

The Prime Finance platform of London-based Nuvo Prime Ltd is now in production for ABN AMRO Clearing Bank and its clients. ABN AMRO Clearing signed a long-term software-as-a-service (SaaS) contract with Nuvo Prime, a cloud-based software development and consultancy FinTech. Working closely with the Prime team at ABN AMRO Clearing, Nuvo Prime successfully integrated and delivered the class-leading trading and management platform. Over the term of the contract, Nuvo Prime will provide ABN AMRO Clearing with full support from its operations in London and Singapore.

“ABN AMRO Clearing selected Nuvo Prime for this important initiative based on two key factors: its secure, highly scalable cloud-based technology and the depth of Nuvo Prime’s product knowledge and technical expertise within its growing team. Nuvo Prime are already rated as an important vendor at ABN AMRO Clearing.” said Delphine Amzallag, Global Director Prime at ABN AMRO Clearing. “Nuvo Prime’s technology and its support model allows ABN AMRO Clearing to deliver swaps trading to both new and existing customers with the volume capabilities and excellence of service that clients expect of ABN AMRO Clearing.” she continued “Clients with an existing derivatives trading and Prime Brokerage relationship with ABN AMRO Clearing can now also trade equity swaps”.

Claire Young, co-Founder of Nuvo Prime said: “ABN AMRO Clearing were an early adopter and supporter of Nuvo Prime’s vision for a 21st century delivery model for Prime Finance. We are delighted to partner with them as they achieve full production with our cloud-based platform. The essence of that vision is to provide class-leading cloud technology together with a high level of automation and control, delivered securely in a manner that meets the growing needs of the world’s leading banks. The Nuvo Prime platform offers the ability to scale volumes seamlessly. Consequently, our customers are able to consume and manage client demand with much less effort than was previously achievable using legacy technology.”

About Nuvo Prime

Nuvo Prime Ltd is a leading FinTech and provider of Prime Services SaaS solutions to large and medium sized financial services organisations worldwide. It develops, integrates and provides high-quality support for its Prime Finance platform, leveraging the scalable technologies and deep competencies inherent in cloud ecosystems. Headquartered in London, with operations in APAC and, later this year, the Americas, the company is privately held.

About ABN AMRO Clearing

ABN AMRO Clearing is recognised as a global leading provider of integrated solutions in clearing, execution, custody, financing and risk management. With 10 offices globally, we are able to service clients on 160+ exchanges, MTFs and FX liquidity centres, processing over 20 million trades daily. ABN AMRO Clearing consistently ranks amongst the top 3 clearing firms on most relevant derivatives exchanges globally. With 800 colleagues, and together with our partners and our clients, it is our responsibility to encourage and support sensible and sustainable regulatory frameworks. We use our knowledge and expertise to lead the way to safe and transparent financial ecosystems.