About Us
Emerging from a collaboration of professionals with deep expertise in technology and financial services, we aim to pioneer a revolutionary approach to banking software. This ambition stems from years of observing slow-to-evolve, restrictive software that hinders banks from keeping pace with the rapidly evolving banking environment.
In the past, treasury software packages were meticulously constructed from scratch, becoming brittle and increasingly difficult to implement, often leading to unforeseen complications from minor glitches.
The banking industry's strategy of adopting all-encompassing, monolithic software solutions has demonstrated its limitations. While these solutions promise to cater to all requirements, they often unnecessarily intertwine various areas, creating bloated, complex systems that struggle to adapt to the constantly changing banking landscape.
Traditional corporate software business models focus on adding more functionality to the core within closed, monolithic systems, effectively holding financial institutions hostage. Their professional services teams frequently benefit from the complexity and length of these projects. Additionally, substantial investments in on-premise data centers and software have created an inherent resistance to change within banks.
Our goal is to break free from this stagnant cycle and inject new vitality into the banking software landscape. By leveraging the power of cloud-based fintech applications, we address specific problems and simplify system architecture. Our team of experienced industry veterans bypasses traditional implementation, connection, and testing cycles to deploy and manage these cutting-edge applications.
What sets us apart
Not just for the big banks
Our offering is particularly beneficial for smaller banks, which may struggle with the cost and logistics of traditional solutions, fromt he costs of running a selection process to implementing and running the system. We shoulder the responsibility of data extraction and mapping to demonstrate the functionality of fintech solutions in parallel to existing systems.
No commitment required
We put our money where our mouth is by implementing fintech solutions on a 'try before you buy' basis. This gives our clients the opportunity to see the value and efficiency of these solutions firsthand without any upfront commitment.
We are a team of experts
Our selection process for fintech applications is rigorous, emphasising a robust structure and a solid industry reputation. Our financial model revolves around revenue sharing and shadow equity agreements with these carefully chosen fintech companies, so we are 100% aligned with the FIntech in bringing quality and speed.
Meet our founder
Pedro Porfirio has had a long and successful career in capital markets, treasury, risk management, and technology. His professional journey, which modestly began in the Technology sector at JPMorgan, has seen an impressive trajectory. With a strong foundation in technology, Pedro ventured into manufacturing, dedicating five years to product development and sales. However, his enduring passion for finance eventually led him to Wall Street, following his Master's degree, where he embarked on a trading career starting with Lehman Brothers.
Pedro's expertise took him to London amid the financial crisis. There, he played pivotal roles in leading capital markets operations as a Managing Director at notable institutions such as Jefferies, State Street Bank, and Dresdner. His academic background in aerospace engineering and data design, coupled with his early career in technology, uniquely positioned him to effectively integrate technology in expanding business fronts.
Following his tenure in sales and trading, Pedro transitioned to the role of Chief Product Officer at Calypso, contributing significantly until its acquisition. He then joined Finastra as the Global Head of Treasury, Capital Markets, and Risk. Driven by his dual passions for technology and banking, he founded Jabuticaba, aiming to optimize IT's value delivery to end-users.
Pedro holds an MBA from the University of Michigan and a BSc in Aerospace Engineering from Brazil's ITA. He is proficient in English, Portuguese, and Spanish, skills that have served him well in his global career, encompassing significant exposure to international banking and regulatory frameworks. His experience includes advisory positions on Fintech boards, a stint as an Expert Witness in a Libor lawsuit, and leadership in the Capital Markets and Risk Practice at T3i Partner.
Outside of his professional life, Pedro cherishes time with his wife and four adult children. He indulges in hobbies like motorcycling, skiing, and flying, finding balance between his demanding career and personal interests.
