Press Release

BME and the Bolsa of Costa Rica agree on the distribution of Openfinance technology for the management of investments in Costa Rica

10 May, 2017
  • BME continues exporting its IT and know-how to gain efficiency and improve productivity in the financial sector
  • Strengthening its development strategy in Latin America

 

BME and the Bolsa Nacional de Valores de Costa Rica (BNV) have signed an agreement for the distribution of the Openworkplace® platform of BME’s fintech subsidiary, OpenFinance, in Costa Rica. 

The Openworkplace® platform fully supports all the activities associated with the advice and management of investments of high, medium and low networth clients for firms in the Costa Rican market. 

José Rafael Brenes, General Manager of the Bolsa Nacional de Valores, stated that "through this agreement, this innovative and sophisticated OpenFinance technology is made available to market institutions for the implementation of the strategy of each firm, ranging from the management and organisation of the portfolios advised to the integral management of the relationship with the clients, while also dealing with market risk events".

Alfonso Alcalá, COO of BME Inntech and General Manager of OpenFinance commented that "this project represents a milestone in the sale of BME technology to financial institutions in other countries, especially in Latin America, where our integral solutions for supporting the management of investments enjoy a high degree of penetration. Our value proposition brings together talent and innovation and the solvency, robustness and neutrality of BME, which make it an excellent bet”. 

OpenFinance, BME's fintech subsidiary, specialises in providing Wealth Management solutions and projects for the integration of the customer’s back-office. Its modular and multiplatform tools are widely used thanks to their ability to support compliance with the regulatory frameworks of each country, specifically the European MiFID Directive. Already more than 75 financial institutions with presence in 7 countries rely on its technology.

 

Copyright® Bolsas y Mercados Españoles 2017
[ http://www.bolsasymercados.es ]

MARKET STATUS

The Market Status informs through quick and easy-to-read notices on incidents affecting the Equity, Derivatives and Fixed Income markets as well as Indices and financial systems operated by BME.

If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.

Note: BME will use its discretion to assign the severity of an incident