Volante Technologies Helps the Santiago Stock Exchange Expand its Services and Advance as a Regional Player
Volante Designer speeds up digital transformation for Santiago Exchange by simplifying complexity in financial messaging and data integration.NEW YORK, LONDON, DUBAI, MEXICO CITY, December 9, 2020 – Volante Technologies Inc., a leading provider of payments and financial messaging solutions in the cloud, is speeding up market convergence for the Santiago Exchange (Bolsa de Santiago). By deploying Volante Designer, the exchange is able to replace its legacy ERP SaaS solution with its own solution, Optimus, built to power Chilean and regional brokerage houses, and gains a competitive edge across the region.
Christine Barry, Research Director, Aite Group, said, “Latin America faces a wide array of unique challenges when it comes to its financial systems. Despite its complexity, there are tremendous growth opportunities in the region.” It is estimated that the Latin American fintech market will exceed $150 billion by 2021 with those investing in the region being on the cusp of transforming the Latin American financial landscape.
The multi-asset class exchange is Volante’s first client in Chile. It handles 98 percent of the total volume traded in the local securities market and represents 90 percent of Chilean associated stockbrokers. By implementing a solution built with Volante Designer as the foundation to Optimus, the exchange can now integrate disparate systems with its core ERP solution much faster and more efficiently.
Luis Melgarejo, VP, Latin America Operations, Volante Technologies, said, “As a trusted partner, our close collaboration to build the future with Santiago Exchange demonstrates our commitment to accelerating digital transformation in the region overall. With this first implementation firmly in place, we look forward to continuing this partnership and helping the exchange continue to stay ahead of emerging trends with upcoming initiatives.”