Case Study: Millennium BCP achieves 10% improvement in risk-management validation productivity with Finastra's Sophis

Delivering world-class investment products to millions of customers

Millennium bcp, Portugal’s largest privately held bank with 6.2 million customers and a €1 billion investment portfolio, relied on Finastra’s Sophis for delta one and commodities trading but faced an IT challenge: the existing Sophis environment was becoming incompatible with current operating systems, risking disruption to trading and risk-management activities. The bank needed an infrastructure refresh to maintain continuity, reduce operational risk and support growing demand for OTC equity and commodity products.

Finastra upgraded Millennium bcp to the latest version of Sophis and led an expert deployment (working with Kyndryl) to reconfigure the solution on modern infrastructure, improve the user interface and retain historical index data. As a result, Millennium bcp achieved a 10 percent improvement in the productivity of risk‑management validation processes, more accurate interest‑rate calculations, faster onboarding of new hires and positive trader feedback—enabling real‑time risk monitoring and scalable investment operations.

Millennium bcp

Marco Barata

Project Specialist