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Showing posts from May, 2019

Banesco Panama succeeds in making its first international money transfer

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Banesco Panama is proud to announce the complete success of our pilot international money transfer test , made with Peru through the Ripple network’s Blockchain , a shared database that acts as a logbook for all types of transactions, including sales and acquisitions. The world of technology advances on the daily, and nowadays we can talk to people all over the world in a matter of seconds. This fast growth also applies to the banking world , which allows for transactions to be made from and to anywhere on the planet. This network is currently used by a large number of banking groups all over the world, including: Santander, Kuwait’s National Bank , CIMB Group – Asia’s fifth largest bank – two Australian banks and the Saudi Arabia Bank . The Ripple network is an Open Source virtual payment system that uses Blockchain technology in order to make real-time payments. Nowadays, it is considered the currency of all banks, since it is used by large financial entities all ove

Miami’s smallest Banks are protecting themselves

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The largest  banks  in Miami city have been regularly sold since 2018. Since then,  24 business agreements have been signed , in which the sales of TotalBank, F.C.B. Financial and Gibraltar Private Bank are included. TransCapital Bank, located in Sunrise, Florida, was likewise sold in March of this year, being acquired by the  Power Financial Credit Union by $655mil , in Pembroke Pines. TransCapital Bank  was a retail commercial bank found in South Florida with over $2.700mil in assets spread through 19 different offices in the Miami-Dade County, from where it offered its banking services to national and international corporations, small businesses and particular clients. F.C.B. Financial Holdings  sponsored many products and financial services to individuals, small, medium and large businesses, as well as other entities and organizations located in  South and Central Florida . Meanwhile, the smallest banks still in operation are making an effort to protect themselves and

Banesco U.S.A. joins forces with Plug and Play innovation platform

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In Banesco U.S.A. we have joined forces with the Plug and Play innovation platform in order to completely transform our digital presence . Plug and Play is an innovative, world-wide reaching digital platform that links young, potential-filled, growing businesses with the largest corporations in the world. Since its creation in 2006, its digital programs have been put in use all over the world, now boasting of over 28 locations where these startups receive financial support in order to continue growing and reach the same success that Silicon Valley has. Silicon Valley houses the largest corporations in the entire world , as well as thousands of small, growing businesses. While its name originally comes from the large number of silicon chip manufactures and innovators in the area, it now refers to all the high-tech companies that are located in the region. The term is currently used in reference to the U.S.A.’s high-tech sector. Silicon Valley is the heart of comput