The system goes live in the third quarter of 2020
Societe Generale announced a 7-year software-as-a-service (SaaS) contract with Nuvo Prime. According to the agreement, the bank will implement Nuvo Prime’s swap trading and management system, SwapScale, a next-generation cloud-based app. This way, Societe Generale will be able to deliver swap products to its client base using cloud technology.
Societe Generale tends to implement the Nuvo Prime platform in its prime brokerage business, combining swap and cash prime finance position-keeping, financing, and reporting on an integrated tech infrastructure.