Press release
Banco Popular Dominicano selects CapCloud™, Adenza’s treasury SaaS solution for optimized treasury operations
Adenza, today announced that Banco Popular Dominicano, a leading private capital bank in the Dominican Republic and at the forefront of the digital
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[{"type":"text","content":"Adenza, today announced that Banco Popular Dominicano, a leading private capital bank in the Dominican Republic and at the forefront of the digital transformation of financial services in the country, has selected Adenza CapCloud to further improve its transition to a more agile, performant, and streamlined solution. In addition to transitioning to the cloud as a strategic move, this Latin American bank also expanded its Calypso platform footprint for new asset classes as well as managed/SaaS services for rebase and upgrades.\n The expanded Calypso Treasury solution not only unlocks further efficiencies for the bank but also ensures the required flexibility and scalability as its business expands. CapCloud managed services free up the bank’s resources to focus on their core business as they rely on Adenza’s experts and best practices to efficiently host, maintain, and upgrade the bank’s platform.\n With a successful v16.1 upgrade behind it, Banco Popular embarks on an accelerated cloud transformation journey for business agility, improved performance, and a proven return on investment. The CapCloud adoption brings numerous performance benefits including three-times faster end-of-day back-office batch processing. The Adenza SaaS solution enables the bank to conduct market activities and manage operations and treasury functions on a single integrated platform leveraging international standards.\n We are pleased to welcome Banco Popular Dominicano to the CapCloud family as it embarks on its cloud transformation journey. As one of the first banks in Latin America to make this move, Banco Popular joins other banks around the world that have made Adenza a part of their strategy to let technology experts manage the environment while they focus on their businesses. The bank can now leverage best practices enjoyed by CapCloud clients for optimized workflows, rebase, and regular upgrades to take advantage of latest functionality and regulatory modules delivered as part of the latest version.\n - Luis Gustavo Penteado, Head of Sales, Latin America, Adenza\n With CapCloud, as a partner, we expect our treasury and operations processes and performance to be even faster, smoother, and significantly improved overall. We also look forward to leveraging the benefits of a cloud deployment including proactive real-time infrastructure and appl...