- Calypso Technology’s system to support interest rate derivatives, FX, FXD, and fixed income products
New York, July 12, 2011 — Calypso Technology, Inc., the premier global capital markets platform provider, today announced that Banco de Credito del Peru (BCP) has selected the Calypso software system for their 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 centralize 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 organization.
BCP, a leading Peruvian financial institution with 328 branches, 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,” states Carlos Patiño, Director, Business Development - Latin America, who is leading Calypso Technology’s commercial initiatives in the region.
After a comprehensive selection process, BCP chose the Calypso platform because it offers a seamless end-to-end solution and workflow that will enable the firm to achieve better regulatory control and international best practices. “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.”
“We are very happy to announce our work with BCP, a leading institution in Latin America,” notes Charles Marston, CEO of Calypso. “This addition to our client base marks our continued success in the region. We are committed to supporting Latin American clients with an enhanced local product and convention coverage and we have definitive plans to expand our presence here.”
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