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Banesco USA Favors Fintechs over in-house Teams to implement New Tech

By Jake Martin, Bank Innovation


Working with $11.9 million from its shareholders to continue growing and investing in technology this year, Banesco USA entered into an agreement recently with Silicon Valley-based accelerator Plug and Play Fintech. The Coral Gables, Fla.-based bank may be a community bank, but it’s thinking big when it comes to digital transformation. President and CEO Jorge Salas said the bank can do no less, considering the changes in how people consume financial services and what they expect from financial institutions.

“We believe we have to focus our energy on choosing the right partners and making sure that the frame of mind and the culture is one where everyone realizes that this roller-coaster that has been going uphill for 200 years is about to do some twists and turns.” he told Bank Innovation. “We have to be prepared for it and take good care of our clients, focusing basically on good advisory and not so much on the technology.”

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Jorge Salas, CEO & President of Banesco USA named a Power Leader by the South Florida Business Journal

We couldn’t feel prouder, our very own CEO & President Jorge Salas, was named once again a Power Leader by the South Florida Business Journal.

The South Florida Business Journal asked him what was his greatest community accomplishment, and this is what he answered:

“It comes down to the positive things the bank creates in our community. We help entrepreneurs and business men and women fulfill their dreams. I take very seriously the notion that banking isa a community service”.

The South Florida Business Journal is the leading business news outlet covering Broward, Miami-Dade and Palm Beach counties.

Jorge Salas named a Power Leader




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