Bantotal offers a robust platform that withstands and empowers different business models of banks and financial institutions while also allowing them to abide by the regulatory standards in their respective countries. “We want to facilitate ‘frictionless,’ processes with minimum or no manual operations while maintaining data integrity and coherence, to ultimately ensure the lowest total cost of ownership to customers,” states Pablo Lopez, CEO at Bantotal. The team at Bantotal brings in-depth knowledge of the different business models that banks can implement to provide their services to their customers. Having been in the industry for three decades, Bantotal has garnered a vast client base consisting of several universal banks, microfinance businesses (MFIs), full digital banks, vehicle financing companies and other financial institutions that deal with lending, including fintechs.
These capabilities proved critical for a number of clients during the pandemic. As businesses were required to make significant changes in the way they operated, many of them sought Bantotal’s specialized support to efficiently carry out their everyday operations. “We provided remote on-boarding solutions for our customers in order to improve their existing distribution channels such as Web and APP during that phase,” adds Pablo.
We want to facilitate “frictionless” processes with minimum or no manual operations while maintaining data integrity and coherence, and ultimately ensure the lowest total cost of ownership to customers
The various functionalities offered by Bantotal’s platform, including those available in its ecosystem, BStore, serve as building blocks for its clients, which play a crucial role in effectively continue their operations. Also, the company is starting backing the open banking initiatives of its clients. In a nutshell, Bantotal is rightly positioned in the Latin American industry to support universal banks as well as other businesses in the finance space, no matter if they are already operating or new entrants, to better serve their customers while abiding by the regulatory standards.