Banco Popular Español has selected BNP Paribas to provide outsourcing services for the Spanish bank's back office operations.
BNP Paribas Securities Services will provide Banco Popular outsourcing services for their local and international assets, including: settlement and custody at the final client level, retail account maintenance and calculation of commissions, white labelling of regulatory reporting, retail fiscal reporting and technical support for their web platform.
Miguel Moreno, head of the project at Banco Popular said, “Our fundamental requirement was for a robust, open platform, yet adaptable enough to deal with impending regulatory changes. With our critical back office infrastructure now outsourced, we have been able to refocus the additional resources on our core business activities.”
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