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BANCO BNP PARIBAS BRAZIL SELECTS CASSIOPAE FINANCING SOFTWARE TO ACCELERATE ITS DIGITAL TRANSFORMATION

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Paris, France – São Paulo, Brazil – 2nd May, 2018 – Sopra Banking Software announces that Banco BNP Paribas Brazil has selected its Cassiopae Financing Software to manage the bank guarantees business.

Banco BNP Paribas Brazil is focused on building the bank of the future. We are accelerating our digital transformation and redesigning all of our services to create a seamless customer journey,” said Frederic Thomas, COO at BNP Paribas Bank Latin America.  

The bank will use Cassiopae software to manage and automate processes for collateral, guarantees, and foreign exchange products. The software’s web services architecture will facilitate interfaces to existing and anticipated systems.

“Cassiopae was best positioned to support our global and innovation ambitions,” said Frederic Thomas, COO Latin America at BNP Paribas Bank. 

Expected benefits to the project include greater operational efficiency via a global platform, the opportunity to use a single system to manage operations in multiple countries, increased visibility of Brazilian operations to BNP Paribas headquarters in New York and Paris, and reduction of operational risk with local providers.

“This project showcases the flexibility and completeness of the Cassiopae software to address complex financial products, which are highly regulated in the Brazilian market,” said Georges Legrand, CEO Cassiopae Brazil Ltda. “We are pleased to be a global partner in Banco BNP Paribas’ transformation and innovation strategy.”

After successful completion of the implementation in Brazil, Banco BNP Paribas Brazil looks to roll out the Cassiopae software to its operations to other countries in Latin America.

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