Unisys Corp., Blue Bell, Pa., closed a $20 million agreement to upgrade the technology operations at Banco America De Sul, a $1.3 billion bank based in Sao Paulo, Brazil.

Working with Unisys consultants, the bank has expanded its networks and upgraded Unisys servers. New applications will be used for accounts, investment funds, client profiles, leasing, collections, and loans.

As the financial markets heat up in Latin America, the bank is trying to expand services to capture external investments, which are expected to top the $20 billion invested last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.