Technology. Banco Popular Dominicano and the technology company Microsoft signed a collaboration agreement to promote digital transformation in the segments of small and medium-sized enterprises (SMEs) and young entrepreneurs.
The agreement will also allow digital advancement in other groups of clients of the banking entity, forming a unique alliance in the financial services market of the insular Caribbean.
Thanks to this strategic agreement with Microsoft, Banco Popular will expand the offer of consulting and technological products for SMEs, with cloud storage solutions, collaborative work and computer equipment, among others. For their entrepreneurial clients, Popular and Microsoft will design the integration of specific tools in the process of ideation and acceleration of entrepreneurial projects.
These benefits will be channeled through Impulsa Popular, the portfolio of products and services that the financial institution offers its SME clients, and Emprende Popular, the initiative to develop innovative ideas and turn them into value businesses.
The objective of this far-reaching alliance with Microsoft is to promote small businesses and Dominican ventures to make them more competitive in the digital ecosystem. However, beyond SMEs and entrepreneurs, the agreement will simplify and speed up Popular’s internal digitization processes, while developing the digital skills of its employees.
Likewise, it includes workshops on innovation, security and technical support for the development of joint solutions between Popular and Microsoft.
The result of this collaboration will translate into higher levels of analytical capacity, the strengthening of proposals based on artificial intelligence and the implementation of innovation processes and tests, with the bank’s access to cutting-edge technologies in the cloud, through Microsoft 365, to develop “low-code” applications and use cases, such as the blockchain. This advance in Popular’s digital leadership will allow it to offer its customer base a cutting-edge value proposition with the main international markets.
The agreement was signed at Torre Popular, headquarters of the banking entity, in a ceremony headed by Messrs. Christopher Paniagua, executive president of Popular, and Herbert Lewy, general manager of Microsoft and responsible for Digital Transformation for the Caribbean.
Mr. Paniagua said that “as a result of this alliance, our financial organization reinforces its digital leadership in the financial services market, contributing to the country’s progress. And thanks to this, our clients will be directly benefited, with a more renewed and innovative offer of products and services, which will allow them to be more competitive”.
Microsoft excited to offer collaboration
Meanwhile, Mr. Herbert Lewy, general manager of Microsoft and responsible for Digital Transformation for the Caribbean, indicated that “we are excited to collaborate with the leadership and innovation trajectory of Banco Popular Dominicano through the use of our technology to promote the financial solutions for the benefit of its clients; especially among micro, small and medium enterprises and entrepreneurs, which are important economic engines for the country’s development”.
