Mexican Digital Bank Bankaool Partners with Adenza for Treasury Management Solution
Mexican digital bank, Bankaool, has announced its collaboration with Adenza to implement the Calypso Treasury Foundations solution. The partnership aims to enhance Bankaool’s treasury management capabilities, improve regulatory compliance, and strengthen its digital services infrastructure.
Bankaool, the first bank in Mexico to receive a license to provide digital-only services, will utilize Calypso’s cross-asset front-to-back solution to ensure accuracy and transparency across various functions including treasury, liquidity management, and post-trade operations.
Gerardo López Flores, Chief Financial Officer of Bankaool, emphasized the bank’s commitment to operate with cutting-edge technology and adhere to global best practices for data-quality processes and transparency. He stated, “This engagement reflects Bankaool’s commitment to operate with market-leading technology and embrace global best practices for data-quality processes and transparency. 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 for Latin America at Adenza, noted that Bankaool will benefit from Calypso Treasury Foundations’ preconfigured reference model, enabling the bank to expedite the implementation process and start serving customers, including the unbanked community, at an earlier date. He commented, “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.”
Bankaool’s partnership with Adenza represents a significant step towards optimizing and expanding the bank’s digital services. With the implementation of Calypso’s solution, Bankaool seeks to provide more comprehensive and cost-effective financial transaction services to its customers in the future.
Analyst comment
Positive: Bankaool’s partnership with Adenza to implement the Calypso Treasury Foundations solution will enhance the bank’s treasury management capabilities, improve regulatory compliance, and strengthen its digital services infrastructure. This will allow Bankaool to provide more diversified and price-competitive financial transaction services in the future, benefiting the unbanked community and expanding the bank’s digital services. Overall, this collaboration is expected to have a positive impact on the market.
