Banco de Crédito del Peru selects Calypso 12 July 2011Lima Reporter: Ben Wilkie
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Banco de Crédito del Peru (BCP) has selected the Calypso software system for its front-to-back office system supporting FX, interest rate derivatives, FX derivatives, commodities derivatives and fixed income products.
Implementing Calypso’s seamless, cross-asset platform will enable BCP to centralise its infrastructure and expand into new businesses. The Calypso software also provides comprehensive middle office and risk management functionality, including the ability to manage limits across the organisation.
BCP provides integrated financial services to individuals and institutional clients. In order to improve productivity and sustain business growth, BCP was seeking a single front-to-back office solution to replace their current infrastructure. This new solution would need to support increasing demand for rates and commodities products in the region and comply with increasingly stringent regulatory requirements in Latin America. “We truly believe that our technology can help transform the flourishing financial industry in this region and we are excited about the growth potential for the Calypso system in Latin America,” stated Carlos Patiño, director, business development - Latin America, who is leading Calypso Technology’s commercial initiatives in the region.
“We set out to find a technology platform that would support our strategic objectives and business development plans,” said André Figuerola, treasury manager at BCP. “By implementing Calypso’s technology to support our front-to-back office processes, we are able to expand our business and proactively respond to the changing regulatory environment. Working closely with the Calypso team, we now have a solution that perfectly fits our needs. The Calypso system places our Treasury among the cutting edge of financial technological innovation, incorporating the latest technology and best practices.”
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