Mexican digital bank Bankaool has chosen the Adenza Calypso Treasury Foundations solution to meet its treasury management needs. The solution will be used to enhance the bank’s infrastructure for digital services and ensure compliance with regulatory requirements for accuracy and transparency in treasury, liquidity management, and post-trade functions.
Bankaool holds the distinction of being the first bank in Mexico to receive a license to offer digital-only services. Gerardo López Flores, the CFO of Bankaool, expressed the bank’s commitment to operating with leading technology and embracing global best practices for data quality processes and transparency. He stated that the implementation of the state-of-the-art platform will allow Bankaool to provide a greater variety of competitively-priced financial transaction services in the future.
Luis Gustavo Penteado, head of sales for Latin America at Adenza, highlighted the benefits of leveraging the preconfigured reference model of the Calypso Treasury Foundations solution. He noted that this would enable Bankaool to expedite its implementation timeline and begin serving customers, including the unbanked community, more quickly.