Banesco USA Partners with Renowned Silicon Valley Innovation Platform, Plug and Play
BanescoUSA announced today an alliance with Plug andPlay , one of the largest innovation platforms located in Silicon Valley, in support of its digital transformation strategy.
Banesco USA
announced today an alliance with Plug
and Play, one of the largest innovation platforms located in
Silicon Valley, in support of its digital transformation strategy.
The deal enables Banesco USA to leverage the Plug and Play platform to
explore partnerships with the aim of further innovating its consumer and
commercial offerings as well as its customer experience. “This
partnership allows us to establish meaningful engagements with the best
technology companies connected to the Plug and Play ecosystem, providing
added fuel to our innovation, growth and modernization strategies,”
said Banesco USA CEO, Jorge Salas.
“Due to South Florida being the headquarters of Banesco USA and
considering its proximity to Latin America, this partnership will also
provide a gateway for our startups to enter the LATAM
market,” said Saeed Amidi, CEO for Plug and Play. “We are excited for
them to join our global fintech ecosystem and look forward
to connecting them to our startups.”
According to Gustavo Rengifo, VP, Head of Customer
Experience for Banesco USA, the alliance allows the bank to have access
to quality startups across a variety of verticals including FinTechs,
among others. “The ability for startups to quickly develop and integrate
winning proof-of-concepts and go-to-market strategies are key for the
bank,” he said.
Banesco USA previously announced the partnerships with FinTech nCino and
Q2 e-banking to transform its Commercial Lending Operating System and
Online and Mobile banking platform respectively.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon
Valley, we have built accelerator programs, corporate innovation
services and an in-house VC to make technological advancement progress
faster than ever before. Since inception in 2006, our programs have
expanded worldwide to include a presence in over 20 locations globally
giving startups the necessary resources to succeed in Silicon Valley and
beyond. With over 10,000 startups and 280 official corporate partners,
we have created the ultimate startup ecosystem in many industries. We
provide active investments with 200 leading Silicon Valley VCs, and host
more than 700 networking events per year. Companies in our community
have raised over $7 billion in funding, with successful portfolio exits
including Danger, Dropbox, Lending Club and PayPal. For more
information, visit www.plugandplaytechcenter.com
About Banesco
Founded in 2006 and based in Coral Gables, Banesco USA is an independent
Florida state-chartered bank (https://banescousa.com/OFR-Cert-of-Good-Standing.pdf)
with $1.28 billion in assets as of December 31st, 2018. Banesco USA is
completely independent of Banesco in other countries and its deposits
are insured by the FDIC. The bank has four branches in South Florida:
Coral Gables, Doral, Hialeah and Weston; and one in San Juan, Puerto
Rico. It plans to open a branch in Aventura, FL in first quarter of
2019. Banesco USA has a 5-star rating from the Bauer Financial rating
service and a BB- Fitch Rating. Visit www.BanescoUSA.com for
information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190401005576/en/