Top 10 fintech solution providers in Latin America

Authored by FlexFunds
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Financial Services Review’s top 10 Latin America’s best fintech solution providers.

Since the fintech industry, which merges finance with technology, is growing by leaps and bounds in Latin America (it grew from USD 44 million to USD 2.1 billion in the last decade), it is essential to mention the participants that are collaborating with this fantastic development.

In this context, the prestigious magazine Financial Services Review ranked the top ten most important fintech solution providers in Latin America.

According to this medium, the new edition emphasizes the key developments in the fintech space in the region and how financial companies are using the latest technologies and market expertise to streamline and facilitate the adoption of financial services on a large scale.

The 10 most relevant fintech solution providers

Bantotal

Bantotal offers an on-premise and SaaS-based banking platform to enable banks and financial institutions to manage all their operations while abiding by the regulations efficiently.

FlexFunds

FlexFunds is globally recognized as a best-in-class service provider for the issuance and administration of securitized assets.

ICGS Systems

ICGS Systems offers specialized technological solutions that enable financial companies to manage their investments.

Prosystem

Prosystem – a specialist in fintech software- is solving these challenges for growing organizations across Chile by equipping them with scalable financial administration solutions optimized per the nation’s language, processes, and regulatory policies.

MAPS

MAPS Financial practices are delivering valuable solutions to its customers through innovative solutions, technical capability, and knowledge.

Mercap

Mercap Unitrade is a solution for the banking market that includes the money desk, securities, exchanges, treasury, and custody businesses.

Poincenot

Poincenot is a fintech solution to develop digital business.

Shareppy International

Shareppy International is a software development company specialized in the financial sector, focused on the credit cooperatives and banking market.

Sinqia

Sinqia is a company that designs and develops software and technology services for the Brazilian financial sector.

Team Quality

Team Quality is a company that provides technology and knowledge solutions in Latin America.

FlexFunds, one of the most relevant providers

For its structuring services of exchange-listed products (ETPs) through its asset securitization program, FlexFunds has been recognized to be one of the pioneers in this field in Latin America, which caught the attention of Financial Services Review.

“Not long ago, only a few large banks had the ability to structure a global note through an asset securitization program,” said Emilio Veiga Gil, EVP, and CMO of FlexFunds. “We have disrupted the status quo by democratizing access to efficient investment vehicles,” he added.

FlexFunds also acts as a net asset value (NAV) calculation agent for its clients and provides the ETP with a unique ISIN code that can be consulted on any financial information platform such as Bloomberg and Reuters among others. The final product, already listed on the stock exchange, is distributed via Euroclear and can be purchased from investors’ brokerage accounts.

Thanks to its services, large asset managers such as LifeInvest, with more than 25 years of expertise and more than 200 clients in Latin America, have enjoyed the benefits of asset securitization. In this case, the company issued three ETPs with FlexFunds, which allowed it to create a centralized management structure with global custody for half the cost of traditional investment funds.

On the alternative asset management industry, Participant Capital, a registered investment advisor, and Royal Palm Companies financial arm (real estate developer with more than 50 years of experience), selected FlexFunds’ solutions to globalize and simplify access to its investment strategies.

“FlexFunds was founded in 2011 with the mission to provide unique and innovative solutions that facilitate the distribution and growth of investment products for asset managers,” says Veiga Gil.

He concluded, “The aim is to continue on this path and keep growing as a best-in-class service provider for the administration of securitized assets.”

In this way, FlexFunds continues to grow and be recognized by the most important specialized media, reflecting its leadership in the field of asset securitization through cost-efficient investment vehicles.

Sources:

  • https://fintech-latin-america.financialservicesreview.com/vendors/top-fintech-solutions-companies-in-latin-america-2022.html
Disclaimer:

The purpose of content of the above article, blog, or post is only informational, and it is not intended to provide any sort of investment advice, as an offer of solicitation to buy, sell, or hold, or as recommendation, endorsement of any security, investment, fund and / or company. The content and information provided in the above article, blog, or post does not constitute financial, trading, or investment advice of any type. Neither FlexFunds ETP nor FlexFunds Ltd. is a U.S. registered broker-dealer, or an investment adviser registered with the U.S. Securities and Exchange Commission. Our entities do not raise capital for clients or the Issuers. We do not solicit any specific products, nor offer investment advice or make investment recommendations, nor do we offer tax, legal, financial advice or otherwise. Perform your own due diligence and consult a financial advisor prior to making any investment decision.

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FlexDual Portfolio Details

Dual Custody: Securitizes a strategy with listed assets in a Bank of New York Mellon & Interactive Brokers accounts

Applications

  • Bankability: Global distribution of a strategy
  • Centralized managed account
  • Fund creation alternative
  • Custody of locally listed bonds
  • Design a mixed investment strategy of fixed income, equities, and derivatives

Advantages

  • Trading and custody platform with available leverage
  • Efficient subscription through Euroclear
  • Actively managed by a Portfolio Manager
  • No limitations on rebalancing or portfolio composition
  • Cost efficient
  • Flexibility in the choice of executing broker for underlying trades

FlexRegulated Portfolio Details

Securitizes a strategy with listed assets in an Interactive Brokers account targeting institutional and retail investors

Applications

  • Global distribution of a strategy
  • Centralized managed account
  • Regulated fund creation alternative

Advantages

  • Trading and custody platform with available leverage
  • European UCITs compliant
  • Market to institutional and retail investors
  • Actively managed by a Portfolio Manager
  • Market maker as part of the solution
  • Low value tickets
  • Cost efficient

FlexOpen Portfolio Details

Securitizes a strategy with listed assets in any custodian account

Applications

  • Global distribution of a strategy
  • Centralized managed account
  • Regulated fund creation alternative

Advantages

  • Manage portfolios from any major custodian
  • Introducing Broker Dealers maximize revenue from own trading fees structure
  • AUM remain on the introducer broker agreement
  • Efficient subscription through Euroclear
  • Actively managed by the Portfolio Manager
  • No limitations on rebalancing or portfolio composition
  • Cost efficient

FlexPortfolio Details

Securitizes a strategy with listed assets in a Bank of New York Mellon or Interactive Broker custodian account

Applications

  • Global distribution of a strategy
  • Centralized managed account
  • Fund creation alternative
  • Custody of locally listed bonds

Advantages

  • Efficient subscription through Euroclear
  • Actively managed by a Portfolio Manager
  • No limitations on rebalancing or portfolio composition
  • Cost efficient
  • Flexibility in the choice of executing broker for underlying trades
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We provide our services under the Global Note Programs through several entities that perform different activities. Among these entities are FlexFunds ETP LLC which acts as Calculation Agent, and FlexFunds Ltd, which acts as the Program Coordinator. Before making a decision to invest in the Global Note Programs, you should consider the following:

  1. Independent entities. FlexFunds ETP and FlexFunds Ltd. are not managers of the special purpose vehicles, collectively, responsible for the issuance of Notes under the Global Note Programs.
  2. Coordinated Activities. FlexFunds ETP and FlexFunds Ltd act as coordinators of the different entities participating in the Global Note Programs. However, each of the entities is responsible for its own duties and activities in the process.
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