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Inter-American Development Bank customer story

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The Inter-American Development Bank (IDB) works to reduce poverty and inequality, help improve health and education, and advance infrastructure. It is the leading source of development financing for Latin America and the Caribbean, working with a range of different entities, from NGOs to central governments. To achieve its goals, IDB has to work with different currencies, interest calculation methods and national regulations, always adapting to the unique needs of its borrowers. IDB's challenging development finance environment puts unique pressures on its loan management system. Before opting for change in 2016, IDB was operating on a custom technology platform. But given the scale of the bank's objectives, and the digital demands that come with that, it needed to build a highly configurable solution that would support its future financial offerings. Despite the specific and complex nature of its business, IDB decided to do an RFI to see what products were available on the market. It quickly became apparent that the bank required a unique and flexible solution to suit its needs. And that led them to us. We were able to offer a high-fit specialty finance solution, Cassiopae, that could integrate with IDB's current systems, as well as give the development bank a platform to support its growth. Cassiopae, now part of the Sopra Financing Platform, KEY WINS WHO IS IDB? • Greater flexibility to meet new demands • A consolidated system landscape • Minimized customization to facilitate future upgrades and enhancements of the solution • Eliminated obsolete technologies • Reduced overall time required to deliver new enhancements by implementing a highly configurable and integrated commercial solution • A development lender for countries in Latin America and the Caribbean • Based in Washington DC, United States • Founded in 1959 • $89 billion Ordinary Capital loans outstanding in 2017; $13 billion approved in 2017 • Clients include central governments, provinces, municipalities and NGOs "A highly configurable solution that allows our organization to provide a fast response to our clients' constantly evolving needs." "We found in Cassiopae a very flexible solution, but importantly a very committed and flexible team that invested in understanding the particulars of Development Banking to offer a solution that did not involve developments that rendered the Bank's solution 'outside their standard.'" Rodolfo Schillaci, Head of Financial Instruments Accounting Group Juan Jose Ferrer, Head IT Business Partner - Vice President for Finance and Administration PROBLEM: To update custom loan management system to automate complex lending and meet changing demands SOLUTION: Replacing legacy system with Sopra Financing Platform's high-fit back office solution for development finance

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