BAC San Jose Puesto de Bolsa selected IMSplus for their Portfolio Management operations in Central America

Profile Software, an international financial solutions provider, announced today the selection of its IMSplus platform by the Costa Rican based BAC San Jose Puesto de Bolsa SA to manage their investment and client portfolios operations and to automate their processes. The Banking operations are headed by BAC San José, a regulated bank, with subsidiaries

Editorial Team
August 30, 2016
4 minutes

Tagged under:
BankingTech
Digital Banking

The Banking operations are headed by BAC San José, a regulated bank, with subsidiaries active in securities, insurance and pensions. BAC San José is the largest private financial institution in Costa Rica and is part of the BAC Credomatic Group. The BAC Credomatic Group has more than half a century banking history with a presence in 6 countries in Central America (Nicaragua, Honduras, Guatemala, Panama, El Salvador and Costa Rica), providing private and commercial banking as well as credit card services. Through a number of partnerships and acquisitions, the bank now employs more than 20,000 people aiming to offer excellence in financial services through payments, innovative and profitable financial solutions that contribute to generate wealth, create jobs and promote sustainable and fair economic growth in the markets. BAC has been awarded as the Best Private Bank by the Global Finance.

Following an international vendor evaluation, BAC San Jose Puesto de Bolsa SA selected IMSplus, highlighting the reasons as the platform’s capabilities to automate processes, while enabling BAC to advance their client service with the utilization of the powerful MIS and customizable reporting capabilities available. BAC San Jose Puesto de Bolsa will also experience easy monitoring of portfolio and transactions at any point, streamlining operations while ensuring compliance with international standards.

Alberto Quirós, the CEO of BAC San Jose Puesto de Bolsa SA, explained “We are very pleased indeed to have started working with Profile on this important project and we look forward to a smooth implementation of this international class highly-flexible product and to be able to leverage their wide experience to ensure an effortless customization to regional market practices”.

“We are honoured that our investment management software, IMSplus, has been selected by such a well-established Central American Bank as BAC Credomatic Group, to help them accelerate their processes and deliver them with the benefit to better manage their clients’ portfolios. This selection further supports our expansion plans in the continent highlighting IMSplus’ functional capabilities to effectively support and automate demanding investment management processes. We feel it will be a long lasting and mutually rewarding relationship.” stated Profile Software’s CEO, Babis Stasinopoulos.

IMSplus is continuously being enriched with new and advanced functionality that can be added with ease at any time to the core edition, creating value for a client’s operations and effectively accommodating the need for modern technologies in the financial services domain. The system offers a set of optional modules on top of the core edition, seamlessly integrating with 3rd party applications.

Founded in 1990, Profile Softwareis a specialized software solutions provider with offices in Geneva, Dubai, London, Singapore, Athens, and Nicosia, delivering market-proven solutions to the Investment Management and Banking industries. Profile Software is recognized as an established and trusted partner in a number of regions in America, Europe, Africa and Asia, offering a wide spectrum of solutions to the financial services sector. Profile Software’s solutions enable organizations to align their business and IT strategies while providing the necessary business agility to proactively respond to the ever-changing market conditions.

BAC San José Puesto de Bolsa S.A. is part of BAC Credomatic Group and was founded in 1994. It is a member of the National Stock Exchange of Costa Rica and is part of the securities settlement system of Costa Rican financial system. Its purpose is to provide advisory and brokerage services for its clients’ portfolios. It is regulated by the local Superintendency of Securities (Sugeval).