Banistmo will use the electronic signature services of through a new contract


PANAMA, June 8, 2022 /PRNewswire/ — Panamanian bank Banitsmo has enlisted the SaaS services of listed Spanish company (BME:LLN) (EPA:ALLLN) (OTCQX:LLEIF) to manage its account opening and collection processes .

In this way, the Spanish company’s exclusive electronic signature, notification and certified contracting technology will help Banistmo improve the user experience of its customers.

It will serve both the company’s customers and its employees, who will be able to sign documents using authentication factors and identity validation tools with technological security and legal value. .

Banistmo is a financial institution with a general license to carry out banking activities in the Republic of Panama and is part of Grupo Financiero Bancolombia.

“Banistmo chose because of our very high technical standards and criteria. This alliance will allow the institution to reduce the cost of its services, accelerate its technological innovation and bring new levels of reliability to its customers,” explained Sisco Sapenawho founded in 1995.

The institution is the largest bank in Panama and central America and was acquired by Bancolombia (BVC:PFBCOLOM) (NYSE:CIB) in 2013 by Grupo Bancolombia. currently has a three-year contract with Bancolombia to provide the entity with certified electronic signature services.

Grupo Bancolombia has more than 14 million customers, is the largest bank in Colombiaand holds a 20% market share of the Colombian banking market. is the European leader in the certified electronic signature, notification and contracting industry and is listed in New York, Madrid and Paris.

The listed Spanish company provides services to banks such as Wizink, Bankinter, Banco Pichincha and Compartamos Financiera in Peru.

Last year, its sales increased by 31% in the first quarter of 2022 compared to the same period of the previous year, amounting to €5.21 millionin the best sales quarter in its history.

More than 60 countries have recognized its inventions with 209 patents, and its intellectual property portfolio is one of the most relevant in the industry in the world, including many in Latin America. started trading on the current BME Growth in 2015 and on Euronext Growth in 2018. At the end of 2020, it was listed on the OTCQX Best Market index in New York.


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