Miami, FLA. February 2024—2innovate is pleased to announce a strategic alliance with Towerbank, Panama’s leading bank with more than fifty years of experience in the country’s financial sector. The collaboration has enabled Towerbank to not only accelerate its digital transformation process, but also stand out among banks in the region, offering a range of modern services and a fully integrated banking experience.
By leveraging 2innovate’s Frame Banking™ platform, Towerbank has managed to establish a robust and agile infrastructure for its banking system, enabling it to launch new account-focused services for cryptocurrencies, personal banking, investment banking, and corporate banking. In addition, the partnership has facilitated the seamless migration of existing operations to a more advanced banking architecture, thanks to Frame Banking™’s unprecedented flexibility and scalability.
“We are thrilled to be working with Towerbank on their digital transformation journey and helping them achieve their strategic goals with our banking technology expertise,” said Pablo Pereyra Portugal, Chief Revenue Officer at 2innovate. “The alliance with Towerbank is an important step in advancing our commitment to the financial future of Panama and the region.”
The strategic alliance between Towerbank and 2innovate has proven to be a success, with substantial benefits including increased operational efficiency, a formidable competitive advantage, and a superior user experience for the bank’s customers. This milestone marks the beginning of a new era for Towerbank, positioning it as the undisputed leader in the Panamanian banking industry.
About 2innovate
2innovate is a global pioneer in SaaS (Software-as-a-Service) for banking and digital transactions. Its cloud-based products specialize in next-generation payment ecosystems to deliver superior experiences to its customers. 2innovate was founded in 2016 and currently operates in 11 countries. It is headquartered in Montevideo, with additional offices in Buenos Aires, Mexico City, and Miami.
About Towerbank
Towerbank International Inc. has more than 50 years of experience offering corporate and personal banking services in Panama and Latin America. Towerbank has a team with a long history and experience, dedicated to the financing of foreign trade loans, structured loans, working capital and focused on the needs of its clients.