Bank of Costa Rica chooses Finastra to transform its international transaction automation processes.

The project, facilitated by TCMpartners, will optimize international transactions, improving the bank's operational efficiency and customer experience.

Lake Mary, Florida, USA and San José, Costa Rica – June 3, 2025 Finastra, a global provider of financial services software applications, and TCMpartners, a leading consulting firm in digital transformation for the financial sector, announced today that Banco de Costa Rica (BCR) has signed a strategic agreement with TCMpartners. This partnership will allow the bank to launch its International Trade Automation Project, powered by the solutions Payments To Go and Trade Innovation de Finastra.

These two solutions will strengthen foreign trade and international payments practices, fostering innovation and operational excellence. Furthermore, the project will fully automate the BCR's international transaction processes, providing greater speed, security, and traceability in cross-border payments. The capabilities of Finastra's solutions are closely aligned with the BCR's strategic objectives, which seek to offer world-class multi-channel financial services and position itself at the forefront of technology.

The project will modernize and automate the BCR's payment services, directly benefiting Costa Ricans and clients abroad. Through the payment center Payments To Go, incoming and outgoing international transfers will be streamlined, improving efficiency and ensuring compliance with the ISO 20022 standard.

Likewise, the new foreign trade system Finastra Trade Innovation This will facilitate operations for exporters and importers, contributing to the strengthening of Costa Rica's international trade. Importantly, the integration of these processes into the bank's digital channels will allow users to make international transfers 24/7, improving the customer experience and promoting financial inclusion, a key pillar of Open Finance.

“By partnering with Banco de Costa Rica and TCM Partners, we are excited to contribute to the growth of the financial sector in Latin America.” said Cris Melloni, Sales Director for Latin America at Finastra. – “This project exemplifies our commitment to Open Finance, offering innovative solutions that improve operational efficiency and customer experience. We believe that, through technology and collaboration, we can generate significant progress in the region, fostering financial inclusion and economic development.”

With its launch planned for next year, the international transaction automation project will mark an important milestone in the BCR's digital transformation efforts, offering its customers a more agile and efficient experience.

“Innovation and organizational transformation go hand in hand, as both require an open mindset and a focus on continuous learning and improvement. At BCR, we are proud and pleased to innovate with this new international transfer platform. Our goal is to offer a streamlined, secure, 24/7 experience for our clients, and we are working hard with Finastra to achieve this.” said Julio César Trejos Delgado, acting General Manager of the BCR.

"We are proud to collaborate with Banco de Costa Rica on this strategic initiative, which aims to offer its customers a unique experience that allows them access to more services and reduces response times. This project will position Banco de Costa Rica at the forefront of technological innovation in Latin America."“, said Rafael Sainz, CEO of TCMpartners.

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For more information, please contact:

James McKenna
Senior Public Relations Manager, Americas
T +1 845.546.2745
E [email protected]
finastra.com

Víctor Maticorena
Business Development & Digital Sales
E [email protected]
tcmpartners.com

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About Finastra
Finastra is a global provider of financial services software applications in areas such as lending, payments, treasury and capital markets, as well as universal banking (retail and digital). Committed to unleashing the potential of people, businesses, and communities around the world, its vision is to accelerate the future of Open Finance through technology and collaboration. Its innovative approach has earned it the trust of ~8,100 financial institutions, including 45 of the world's top 50 banks. For more information, visit finastra.com.

About TCM Partners
TCMpartners is an international consulting firm with a presence in Europe and Latin America, specializing in the digital transformation of the financial sector. It offers technology services covering Treasury and Capital Markets, Corporate Banking, Trade, and Payments. Its mission is to drive technological innovation in banking, incorporating industry best practices. Visit tcmpartners.com