William Montiel, CMO and Javier Montero, CTO
Core banking systems (CBS) underpin nearly every banking process. These legacy solutions—which date back to the 1970s— are not only a means for streamlining daily operations, but also defining new capabilities, innovations, and growth opportunities for financial institutions. While CBS has helped form the foundation of traditional banking, the transformation of these systems today has become the need of the hour. Upgrading to modern CBS for controlling costs, risks, and other resources for enhancing a bank’s performance is imperative at present. Datapro—a mid-sized core banking systems development company— helps financial institutions achieve this through its comprehensive portfolio of fully-integrated banking solutions that are designed to address the challenges faced by the modern banking industry.
A family-owned business established in 1976, Datapro has dedicated itself, for over 40 years now, to developing integrated banking systems that enable financial institutions to operate more efficiently, achieve a better ROI, and improve their level of customer service. Over 160 customers currently utilize its integrated banking solutions—ranging from small banks to large commercial, financial institutions— across 31 countries worldwide, including Mexico, The Caribbean, Central and South America, as well as Europe. Javier Montero, CTO of Datapro, says, “With our open core banking system, banks have the opportunity to provide innovative services to their clients and remain at the forefront while ensuring compliance and security standards.”
Today, the emergence of Fintechs is forcing banks to readjust their structures to adapt to a new environment where all the financial entities are purely digital entities, without the physical structure. To that end, Datapro allows these businesses to leverage its library of APIs and connect the core natively to either third-party solutions or Datapro’s own Fintech software. “This offers them the added flexibility to offer their customers with additional capabilities as per market demands, with no extra cost or heavy integration,” informs William Montiel, CMO at Datapro.
We understand where bankers come from and what they deal with. Hence, we aim to develop solutions that make their lives much easier and efficient
Besides the core banking system, Datapro also offers various other solutions such as portfolio management software, customer relationship management application, and a digital platform, all of which aid in the optimization of business processes for the banking sector.
While Datapro’s eye for customer-centricity and its commitment to go the extra mile to meet individual clients’ needs has earned it significant recognition from multiple banks around the world, Montero believes the company’s long-standing journey in the marketplace also plays a massive role in its success. “We understand where bankers come from and what they deal with. Hence, we aim to develop solutions that make their lives much easier and efficient,” he asserts. To better highlight Datapro’s unique value proposition, Montero cites the success story of Banco Bradesco. One of the biggest banking and financial services companies in Brazil, Banco Bradesco, specializes in private banking services. The firm associated with Datapro when it was looking to improve and expand the financial services it offered to clients, and in order to do so, had to move from its legacy integrated banking system. Datapro helped Banco Bradesco achieve this by installing its core e-IBS software onto Banco Bradesco’s banking systems. Today, Datapro’s core banking system is implemented across all of Banco Bradesco’s offices outside of Brazil, including London, New York, and Luxembourg. “Some of the other users of e-IBS also comprise Scotiabank, G&T Continental, Banco Internacional, and Banco del Pacifico,” adds Montiel.
Going forward, Datapro will continue to expand the capabilities of its core banking system to include advanced technologies such as mobile internet banking and AI, to help banks provide an improved customer experience. On the geographical front, the firm is working on making inroads into the U.S. community banking market. “Our mission is to continue helping our customers align with the new technological changes in the market via our own development,” wraps up Montero.