Validata Group, the leading provider of Validata SAS, the first truly integrated Automation Lifecycle Management (ALM) solution for the Banking and Finance, is pleased to announce that Banco Azul de El Salvador has further extended their license agreement for Validata ATS.
Earlier this year, Banco Azul opted for Validata’s flagship ATS solution after a series of evaluations to effectively and efficiently do the testing of their green-field implementation of T24 R14.
Seeing the value that Validata ATS can bring into their project, Banco Azul decided to extend further the license usage of the tool and provision of expert services.
Founded with an initial capital of $20 million and followed by a second public offering in November 2013, is that Banco Azul completed its pool of funds; resulting in a startup capital of $60 million for the establishment of the organization. This activity and the immediate favorable response, was just the first evidence of a highly active citizenry that longs for the quality service of the banking services from the 80´s and 90´s. Therefore, the core of Banco Azul´s strategy is a personalized and top of the line service, a motto that has reinforced the mission of the institution with a “customer-centric” approach.
Banco Azul´s aim is to provide the full spectrum of financial services to customers and businesses, through the expertise of its highly qualified team members, technological infrastructure and strategically located offices. After its inauguration, estimated at the beginning of the second semester of 2014, Banco Azul will immediately locate itself amongst the medium banks of El Salvador.
Seeing the value that Validata ATS can bring into their project, Banco Azul decided to extend further the license usage of the tool and provision of expert services.
About Banco Azul
Banco Azul de El Salvador, an upcoming banking project from El Salvador, is an initiative from a group of recognized entrepreneurs and bankers who strongly believe in the potential of a new actor in the Salvadorian financial market. The idea of the conformation and creation of a new Bank, which started in 2012, is now a reality thanks to the common goal and vision of 10 original founders and the participation of more than 1,400 Salvadorian shareholders.Founded with an initial capital of $20 million and followed by a second public offering in November 2013, is that Banco Azul completed its pool of funds; resulting in a startup capital of $60 million for the establishment of the organization. This activity and the immediate favorable response, was just the first evidence of a highly active citizenry that longs for the quality service of the banking services from the 80´s and 90´s. Therefore, the core of Banco Azul´s strategy is a personalized and top of the line service, a motto that has reinforced the mission of the institution with a “customer-centric” approach.
Banco Azul´s aim is to provide the full spectrum of financial services to customers and businesses, through the expertise of its highly qualified team members, technological infrastructure and strategically located offices. After its inauguration, estimated at the beginning of the second semester of 2014, Banco Azul will immediately locate itself amongst the medium banks of El Salvador.