Calypso software will be used by Banco Penta for its expansion in the interest rate and currency derivatives business.
The system will also support the main local and international products, such as cross currency swaps and interest rate swaps, in foreign currency with local benchmarks such as the CLF, the Peso, the Camara and the dólar observado rate, according to Calypso Technology.
Go deeper with GlobalData
Through the Calypso solution, the bank and its branches will be able to offer their clients a variety of swaps and financial products. Banco Penta will consolidate their technology infrastructure by incorporating products currently supported by other systems into Calypso, such as FX Spot, FX Forwards, FX Swaps, local and international fixed income and inflation indexed products.
Recently, the bank had undertaken an aggressive expansion in the capital markets, focusing on sophisticated financial products such as interest rate and currency derivatives, with the plan of doubling their revenue year after year for the next five years.
Banco Penta is provider of capital markets, financing, asset management and corporate finance for private banking, corporate and institutional clients.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
