EXICTOS was born in 1988 in Funchal, due to the conviction of a group of professionals in the growing and decisive importance of Information Technology in the financial sector. In 2015, it was acquired by ASSECO Group, one of the largest European groups of information technologies with presence in more than 54 countries. Currently, Exictos is present in 8 countries and has more than 400 employees.
It is also responsible for regulating, supervising and promoting the proper functioning of payment systems, managing the country’s external resources and acting as an intermediary of the State’s international monetary relations, as well as advising the Government on economic and financial matters. The Bank is responsible for collecting and preparing monetary, financial, foreign exchange and balance of payments statistics.