Apex and Calypso to offer middle and back-office services to Ardent Financial

By Megha Bhattacharya

Apex Group today announced that it will be offering its front to back-office solutions to the London-based global securities dealer Ardent Financial Limited using Calypso Technology’s management and reporting solution. Calypso’s collaboration is expected to enhance Apex’s services and allow Ardent to complete a multitude of administrative tasks in a seamless manner through one system, streamlining everyday processes and reporting.

Aidan Brady, COO at Ardent Financial Limited, commented,  “We chose Apex and Calypso due to their outstanding track record in the middle and back-office service sector and ability to provide a flexible and scalable service which meets our requirements. We have been impressed by the responsiveness of the dedicated team, and their ability to deliver implementation efficiently and on an accelerated timescale.”

According to Apex, it will provide decision support, analytics, and back-office services to Ardent via the Calypso platform as part of the Apex360 solution. The Apex360 provides customised, service-focused solutions, thus enabling Ardent to enhance its operating model, reduce risk, and control costs. Apex also stated that its Golden Source implementation framework has allowed for the delivery and implementation of the system via Oracle Cloud.

David Rhydderch, Global Head of Financial Solutions at Apex Group, added, “We are pleased to be partnering with Calypso, as they play a key role in adding value to our clients, helping to provide flexibility and resolve the challenges facing them as they scale their businesses. Calypso’s platform will power Apex’s reporting services and will enable Ardent to save time and increase efficiency.”

Mayank Shah, Chief Strategy Officer, Calypso Technology, commented, “We are excited to be working with Apex, to provide Ardent with decision support, analytics and reporting solution powered by Calypso. The combination of Calypso’s rich product suite and Apex’s experience in middle and back-office services enabled implementation of a fully hosted environment in six weeks, with the first meeting held less than 4 months ago. Apex is a long-standing strategic partner of Calypso, and the successful implementation of services for Ardent further demonstrates the strength of our relationship and our commitment to our clients.”