FGC says it has a scalable technological structure, amid Master payment

O Credit Guarantee Fund (FGC) assured, in a statement, that it has a “scalable” technological infrastructure capable of absorbing the increase in demand for systems. The warning comes amid complaints about slowness and instability in the Fund’s application, which since last week has been making payments to creditors of the Fund. Banco Master.

In the note, the FGC informed that the technology teams constantly monitor the systems and can increase performance depending on use. However, some incidents may be completed more quickly than others, as the responsible teams identify the problems and seek the best solutions, explains the FGC.

“The FGC and its partners’ teams reinforce their commitment to making guarantee payments in the shortest possible time, with due security for the guarantee beneficiaries and for the Fund”, he highlights.

The FGC began reimbursements for investments of up to R$250,000 in CDBs and other Master financial products last week, two months after the Central Bank decreed the extrajudicial liquidation of Daniel Vorcaro’s institution. Last Friday (23), the Fund revealed that it had already paid around R$26 billion of the R$40.6 billion to be disbursed. In addition to this amount, there will also be a return of R$6.3 billion from creditors of Will Bank, which is also part of the conglomerate, but was only determined to be liquidated last week.

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