Banesco USA, an FDIC-insured bank, has partnered with Plug and Play, a Silicon Valley-based network startup accelerator and corporate innovation platform, in support of its digital transformation strategy. With this alliance, Banesco USA will leverage the Plug and Play platform to explore partnerships to facilitate further innovation in its consumer and commercial offerings, in addition to its customer experience. According to Banesco USA CEO Jorge Salas, 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.
Moreover, CEO of Plug and Play, Saeed Amidi pointed out that 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. He further added that we are excited for them to join our global fintech ecosystem and look forward to connecting them to our startups. Previously, Banesco USA announced the partnerships with FinTech nCino and Q2 e-banking to transform its Commercial Lending Operating System and Online and Mobile banking platform. Ahead of this partnership, VP, Head of Customer Experience at Banesco USA, Gustavo Rengifo noted that 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 proofs-of-concept and go-to-market strategies are the keys for the bank, he added.
Headquarters in Sunnyvale, California in the Silicon Valley, Plug and Play is a global innovation platform that developed accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Banesco USA is an innovative local bank delivering banking solutions to businesses and individuals in Florida, Puerto Rico, and beyond, with headquartered in Coral Gables.