Client Story
EU BANK TRANSFORMS POST-TRADE DERIVATIVES CLEARING
BNP Paribas Selects FIS Cleared Derivatives for Enhanced Efficiency and User Experience
As a leading bank in Europe, BNP Paribas has operations in 68 countries and over 193,000 employees.
BNP Paribas was looking to carry out a business and operations transformation to deliver differentiating clearing services, increase operational efficiency and transform the user experience for end clients. To do this, the bank needed to adopt a new technology platform that would act as the backbone of its listed derivatives post-trade IT environment.
Already a trusted and reliable partner for over 20 years, FIS® was well suited to assist, explains Gaspard Bonin, deputy head of Derivatives Execution & Clearing at BNP Paribas.
By selecting the FIS Cleared Derivatives Suite to manage its full post-trade derivatives life cycle, BNP Paribas will be able to centralize all its main post-trade workflows onto a single, unified global system. As a result, the bank expects to increase its operational efficiency, improve reactivity and reduce risk. Crucially, BNP Paribas will also be able to deliver a better service to its clients.
“We are excited to expand our partnership by taking advantage of the extended technological and functional capabilities of the FIS Cleared Derivatives Suite,” Gaspard says.
At a Glance
OBJECTIVE
Deliver differentiating clearing services, increase operational efficiency and transform the user experience for end clients.FIS SOLUTIONS
RESULTS
Centralize all main post-trade workflows onto a single, unified global system.Impact
BNP Paribas has increased its operational efficiency, improved reactivity and reduced risk while delivering a better service to its clients.
FIS has been a trusted and reliable partner for many years, and we are excited to expand our partnership by taking advantage of the extended technological and functional capabilities of the FIS Cleared Derivatives Suite.”