#USA #Panama City #Treasury Management #Bladex #Nasdaq Calypso

Bladex Strengthens Treasury Operations Through Nasdaq Calypso Partnership

In a significant step towards enhancing its treasury operations, Bladex (Banco Latinoamericano de Comercio Exterior) has officially announced its partnership with Nasdaq Calypso. This strategic move aims to modernize Bladex's treasury management and operational capabilities as part of its ongoing digital transformation initiative initiated in 2022.

A New Era for Bladex

Headquartered in Panama, Bladex has been a key player in trade finance and economic integration throughout Latin America since its establishment in 1979. With a notable listing on the New York Stock Exchange (NYSE: BLX), the bank is recognized for its commitment to providing innovative financial solutions. The collaboration with Nasdaq Calypso is poised to further elevate Bladex's status in the banking sector by integrating a robust treasury management platform that encompasses all facets of capital markets.

The Nasdaq Calypso Platform

At the heart of this collaboration lies Nasdaq Calypso, a renowned capital markets and treasury management system designed to streamline an institution's operations. Calypso enables financial entities to automate workflows and manage various asset classes, thereby enhancing efficiency and compliance with regulatory mandates. Jorge Salas, CEO of Bladex, expressed excitement regarding this advancement, stating, “This initiative brings key value, as it enables the development of new Treasury products and enhances our offering for clients.”

Moreover, Salas emphasized that Calypso will provide Bladex with the agility to adapt to the fast-paced market environment, improving the bank's ability to launch new products effectively.

Enhancing Operational Capabilities

The implementation of the Nasdaq Calypso solution will unfold in two phases, with the final phase anticipated to conclude by late 2027. This planned rollout will significantly enhance Bladex's operational capacity, allowing the institution to introduce a broader range of financial products, such as interest rate derivatives and commodities. Eduardo Vivone, Executive Vice President of Treasury and Capital Markets at Bladex, noted that this technological adoption would not only fortify the bank's capabilities but also enable it to enter new markets effectively.

Supporting Regional Development

As Bladex continues to expand its operations in Latin America and the Caribbean, the partnership with Nasdaq Calypso will be crucial in ensuring that the bank can meet the growing demand for financial services in these regions. The enhancement of treasury management practices through advanced technology is integral to maintaining the bank's competitive edge and profitability goals.

Luis Gustavo Penteado, Associate Vice President of Nasdaq, echoed this sentiment, stating, “Calypso provides the agility needed to adapt to an increasingly dynamic market environment, accelerating the launch of new products and delivering a comprehensive, real-time view.” This collaboration is not just a milestone for Bladex but also a testament to the evolving landscape of banking in the region.

Looking Ahead

As Bladex embarks on this technological journey, its partnership with Nasdaq Calypso signals a commitment to innovation, agility, and enhanced client service. The financial institution's strategic initiatives aim to diversify and expand sources of income, aligning with its long-term vision for growth in a rapidly evolving market.

In conclusion, the adoption of Nasdaq Calypso is expected to fortify Bladex's position as a leader in the regional banking sector, proving pivotal in their ongoing efforts to innovate and meet client needs effectively. The future looks promising for Bladex as it navigates this new landscape, driving growth through advanced technology and strategic partnerships.