Brazil-based digital bank Banco Original live with new treasury tech
Banco Original, a pure-play digital bank in Brazil has gone live with a new treasury management system, OpenLink’s Findur.
The vendor says the implementation was completed in ten months.
Findur is the bank’s new cross-asset and treasury solution, integrated with internet banking and handling a range of financial products such as bank certificate of deposit (CDB), certificate of interbank deposit (CDI) and agribusiness credit note (LCA).
Transactions are captured, processed and settled in the system with automatic client notifications.
Wanderley Baccala, CIO of Original, comments that the bank “placed a lot of trust in OpenLink”. That trust has paid off, he adds, following “a quick implementation supported by OpenLink’s local team in São Paulo”.
The next phase of the roll-out will include additional debt, treasury and derivatives instruments.
Findur integrates with Original’s core banking system, Cyberbank Core, provided by regional software vendor Technisys. Technisys also supplies its channel banking solution, Cyberbank Omnichannel, to Original.
Original was created in 2011 as a result of the merger of Banco JBS and Banco Matone. It claims to be the first 100% digital bank in Latin America.
The bank is owned by a major Brazilian conglomerate, J&F Group.