Bankaool selects Adenza Calypso Treasury Foundations solution 13 February 2024Mexico Reporter: Sophie Downes
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Mexican digital bank Bankaool has selected the Adenza Calypso Treasury Foundations solution to fulfil its treasury management requirements.
It will apply Calypso’s cross-asset front-to-back solution to strengthen its infrastructure for digital services and to meet regulatory requirements for accuracy and transparency across its treasury, liquidity management and post-trade functions.
Bankaool is the first bank ever to receive a licence from the Mexican government to provide digital-only services.
Commenting on the development, Gerardo López Flores, CFO of Bankaool says: “This engagement reflects Bankaool’s commitment to operate with market-leading technology and embrace global best practices for data-quality processes and transparency.
“With the overall optimisation of this state-of-the-art platform, Bankaool can provide more diversified and price-competitive financial transaction services in the future.”
Luis Gustavo Penteado, head of sales for Latin America, Adenza adds: “By leveraging the Calypso Treasury Foundations’ preconfigured reference model, Bankaool can fast-track its implementation timeline and begin serving customers including the unbanked community much sooner.”
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