Calypso Expands Latin American Presence Gaining Grupo Aval Contract

Friday, 22/01/2021 | 11:11 GMT by Arnab Shome
  • The Columbian group is planning to transform its existing technology.
Calypso Expands Latin American Presence Gaining Grupo Aval Contract
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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 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 , 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.”

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 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 , 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.”

About the Author: Arnab Shome
Arnab Shome
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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

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