In the midst of the rise of virtual wallets, the BIND Group launched bindX, an ecosystem that enables any company to provide financial services through an as-a-service model, that is, a “one-stop financial and banking products”, modular and digital, accessed through API integration.
From the firm they indicated that the objective is “transform the financial experience of any business, whether it is a traditional company wanting to do fintech, or a fintech needing our time to market and transactionability licenses”.
“Do you want to do business? I give you Argentina (the banking and financial system as a service). We did it with Mercado Pago, managing to go from 350 thousand investor accounts to 20 million,” he explained Andrés MetaCEO of Bind.
On this point, Meta specified that bindX is a B2B and B2B2C model and indicated that BIND currently processes approximately 250 million transactions per month, which gives us the greatest transactional scalability. At the same time, he added: “Given the change in context in Argentina, we want to be the strategic partner for whoever wants to come to do business in Argentina: we give you Argentina (the banking and financial system) as a service.”
Specifically, The concept “as a service” represents the way in which the public today wants to consume a product or service: digitally, modularly, and transactionally.
“Our value proposition includes transactional scalability, the use of all licenses of the BIND ecosystem: Bank, Management Company, ALYC, AAGI, SGR, Insurance Company and Broker, PSP/PSI, Non-Financial Credit Provider, PSAV, and best practices in terms of regulatory and regulatory compliance,” the executive concluded.
For its part, Sebastian UchitelBrand Director of BIND, highlighted the feedback they receive from bindX users, which he described as “very good.” “From the concept to the value proposition it is being very well considered and demanded,” he indicated.
In that line, he pointed out that bindX “represents our vision of how our industry is permanently transforming” and that today companies and people seek to achieve the best financial experience: “That’s what we are for: to help take it to the best level.”
The value proposition includes transactional scalability, the use of all licenses of the BIND system: Banco Sociedad Gestión, ALYC, AAGI, SGR, Insurance Company and Broker, PSP/PSI, Non-Financial Credit Provider, PSAV, and the best practices in terms of regulatory and regulatory compliance.
In this regard, the Head of Banking as Service at BIND, Candelaria Villagradetailed: “We can provide our approved services (for example from the bank and the stock exchange company) so that your users can transact or invest in FCI or MEP Dollar, as well as give a complete white label PSP license, which allows you operate with all wallet features, including the paid account and MEP Dollar, accelerating time to market and with the best value proposition for your users.”
BIND’s goal is to achieve the financial happiness of its clients, through innovative, agile, and personalized solutions through its ecosystem. He currently collaborates with organizations and foundations (for-profit and non-profit), athletes, social entrepreneurs and artists, to promote and enhance education, culture, and social well-being.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
