Bankaool partners with Adenza for Calypso treasury solutions

By Gloria Methri

Bankaool, a financial institution providing financing solutions for businesses in Mexico, has selected Adenza’s Calypso Treasury Foundations solution to fulfill its treasury management requirements. This cross-asset, front-to-back solution further strengthens Bankaool’s infrastructure for rapidly expanding digital services.

Bankaool offers an entirely digitalized banking experience and selected Calypso for its treasury, liquidity management, and post-trade processing to meet the rigorous regulatory requirements for accuracy and transparency. With this technology, the bank aims to manage its treasury and risk requirements even as it accelerates the growth of its client base with services such as a super app for financial education and loans for the unbanked.

Calypso Treasury Foundations solution is ideally suited to the bank’s local needs, enabling it to effectively scale by unlocking efficiencies and establishing the flexibility and agility that supports local-market growth and increased transaction volumes.

Bankaool now benefits from a bank-wide, transparent, cross-asset view of its positions ─ foreign exchange, money markets, fixed income, and securities finance ─ for holistic P&L, liquidity, risk, and cash management in real-time, enterprise-wide, and on a single platform.

“We are excited to receive the first digital bank license from the Mexican government. To capitalize on this opportunity, we needed a solution that fits with that technologically advanced profile and scales as we grow,” said Gerardo López Flores, CFO, Bankaool. “With the overall optimization 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, Latin America, Adenza said, “With Calypso Treasury Foundations, Bankaool gets the front-to-back solution it needs to handle increased volumes, streamline its treasury and post-settlement-processing operations, and accelerate its time-to-market for new products, services, and regulatory reporting. The solution sustains and futureproofs growth for expanded requirements such as FX and provides access to Adenza’s Center of Excellence based in Mexico, which supports the global solution with local market knowledge and expertise. 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.”