Societe Generale has signed a seven-year software-as-a-service agreement with cloud-based software development company Nuvo Prime. Societe Generale has the option to implement the Nuvo Prime platform in its prime brokerage business, which will combine swap and cash prime finance position-keeping, financing and reporting on an integrated technical infrastructure.

SwapScale is scheduled to go live in the third quarter of this year. SocGen says the technology will enable it to scale up its prime finance product to service its clients' needs.

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Societe Generale has signed a seven-year software-as-a-service agreement with cloud-based software development company Nuvo Prime. Societe Generale has the option to implement the Nuvo Prime platform in its prime brokerage business, which will combine swap and cash prime finance position-keeping, financing and reporting on an integrated technical infrastructure.

SwapScale is scheduled to go live in the third quarter of this year. SocGen says the technology will enable it to scale up its prime finance product to service its clients' needs.