Calypso Expands Latin American Presence Gaining Grupo Aval Contract

Capital markets technology provider, Calypso Technology has announced on Friday that it has partnered with Grupo Aval to offer front-to-back solutions to two of its Colombian subsidiaries: Financial Services provider, Corficolombiana and Pension Fund, Porvenir.

The announcement detailed that with Calypso, the group companies are planning to strategically transform and scale treasury and derivatives operations. The new technology provider will provide both sell-side and Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term requirements in one single cross-asset front to back trading and investment management solution.

Didier Bouillard, CEO of Calypso Technology, commented: “We are delighted to partner with such a prestigious organization in Latin America. We are committed to delivering a world-class, yet localized sell-side and buy-side solution. Our goal is to support Grupo Aval’s growth strategy and to enable them to receive maximum value across the group.”

Migrating to Cloud-Based Solutions

Founded in 1997, Calypso’s offerings include cross-asset solutions for trading, processing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, among others. Additionally, it focuses on cloud solutions and enterprise apps, simplifying regulatory compliance.

The company is headquartered in California but has an extensive presence in the Latin American markets with three regional offices, providing support to around 20 clients.

Aval detailed that Calypso was selected after a lengthy and detailed process as it is a part of its technology transformation.

“The growth of our investment management business in Colombia due to the immense responsibility with our customers required us to look for a new solution, that would help us rationalize and significantly enhance our processes,” Porvenir CIO, Alonso Angel said. “Calypso’s track record in the institutional business coupled with the possibility to build our business over a group-wide platform were essential to our choice.”