Banesco USA, a Coral Gables, Florida-based innovative local bank, as per recent reports, has entered into a partnership agreement with Plug and Play, a network startup accelerator headquartered in Sunnyvale, California in the Silicon Valley, in support of the bank’s digital transformation strategy. With the said deal, Banesco USA will now be leveraging the Plug and Play platform to further advance innovations in the field of consumer and commercial offerings, enhance the bank’s customer experience, and explore partnerships.
“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,” stated 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.”
And according to Gustavo Rengifo, VP, Head of Customer Experience for Banesco USA, the Banesco-Plug & Play alliance allows access to quality startups across a wide variety of verticals including FinTechs, among others, which will benefit the bank. “The ability for startups to quickly develop and integrate winning proof-of-concepts and go-to-market strategies are key for the bank,” he added.