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Adenza, the company formed by the merger of Calypso Technology and AxiomSL, announces that Banco BICE has strengthened its investment in the firm's Calypso platform and extended its implementation of Adenza Technology.
In 2018, Chilean bank Banco BICE launched a project to replace incumbent technology for its capital markets business with a new cross-asset platform.
With the first phase of this project completed, including the implementation of Adenza’s Calypso collateral management and clearing solution, Banco BICE will focus on expanding its transformation programme to front-to-back, cross asset trading and risk management.
Marcelo Espinoza, treasury director at Banco BICE, adds: “We are excited about the Adenza’s Calypso implementation process since it will allow us to address a front-to-back business solution. It is a technology we can rely on to deliver more efficient, highly developed, and better-quality products for our clients.”
Luis Gustavo Penteado, Adenza’s head of sales for South America, says: “Despite the uncertainty caused by COVID-19, it is encouraging to see Banco BICE continuing to make long-term investments. Latin America is a strategic market for Adenza, with a number of new client signings recently confirming our strong positioning.
“We now operate through three offices in the region where we continue to invest to provide leading global solutions adapted to local market conditions and conventions.”
