Aquila enters the Latin American FinTech ecosystem through the acquisition of Neosoft

By Edlyn Cardoza

Aquila recently announced the acquisition of Asesorias Computacionales Neosoft SpA. (“Neosoft”), a comprehensive regulatory reporting and compliance management system for banks and financial institutions throughout Chile and Latin America.

“We are excited to enter into a lasting partnership with Neosoft and become a true contributor to the Latin American fintech ecosystem,” said Daniel Lee, CEO of Aquila. “Aquila promises to preserve Neosoft’s founding heritage and values ​​that made them exceptional in the first place. Neosoft prides itself on technical expertise and an excellent industry reputation. This is a unique platform acquisition that will open doors to the rest of Latin America as we seek to further invest in the region .”

Founded in 1993 and headquartered in Santiago, Chile, Neosoft is a category-leading provider of Governance, Risk Management and Compliance (GRC) solutions through its flagship products “SIGIR” and “SGN”. Neosoft offers unmatched financial regulatory knowledge and proprietary back-end technology to help its clients comply with the complex requirements of federal banking authorities in a timely and accurate manner.

Erwin Piwonka, CEO of Neosoft, said: “The decision to unite with Aquila is an important milestone for the company. It is a driver for growth, leveraging Aquila’s network to adopt new technologies, enhance our product offering and develop new commercial opportunities across LATAM. The management team at Neosoft is excited to find a permanent home for our customers and employees.”

Neosoft will continue to support its customers and partners as an autonomous business unit within Aquila.
Neosoft is a prominent FinTech company headquartered in Santiago, Chile. The company was established in 1993 by Erwin Piwonka, and brings together a highly qualified group of subject experts at the intersection between technology and banking regulations. Over the past 30 years, Neosoft has delivered a consistent track record for customers and a commitment to excellence, continuous improvement and innovation.