Santiago, 28 December 2023—Modyo and 2innovate have established a strategic partnership to assist clients in their transformation journey and allow them to launch end-to-end financial solutions across retail and business banking. The solutions offered by Modyo and 2innovate dramatically reduce time-to-market while providing a cloud-based financial ecosystem to innovate and create new financial products.
An Ecosystem for Radically Better Financial Products
We are convinced that financial solutions built with our integrated platforms will provide clients with a significant competitive edge over other alternatives. Modyo, as the composable frontend platform orchestrating web and mobile experiences, connects to a powerful next-generation payment platform like Frame Banking™ to launch new financial products synchronized with legacy core banking systems.
Modyo and 2Innovate Frame Banking for Business Banking
Modyo and 2Innovate have created the first set of financial experiences for accelerating business banking. Key functions, such as entitlements and mass payments, provide our banking clients with accelerated value for their business clients. This base value is complemented with Modyo’s Dynamic Framework which empowers our banking clients to build highly customized financial experiences with pre-built Micro Frontends to connect to third parties.
2Innovate’s Frame Banking™ platform amplifies high-value use cases for corporate banking, focusing on entitlements and payments in areas such as payroll and service providers. In simple terms, Modyo and 2Innovate allow banks to transform their value proposition for business clients in a matter of weeks while enhancing revenue streams through innovative, usage-based business models.
“Our mutual clients kept saying we should make something important happen to connect our two platforms—and we did,” said Mark Bonnell, CEO of Modyo. “Our platforms are completely complementary with no overlap. With this partnership, we can help financial institutions in Latin America transform more holistically.”
"Our alliance with Modyo is a strategic step in our journey to generate value for the financial industry in Latin America,” said Hugo Sacchi, Founder and CEO of 2innovate. We are confident that our Frame Banking™ platform, combined with Modyo's proven capabilities, will enable institutions to move towards a more robust and dynamic digital future.”
About Modyo
Modyo was founded in Santiago, Chile by a group of entrepreneurs with a passion for technology and a deep belief that building world class software could happen anywhere. Modyo provides a next-generation frontend platform to connect to core business systems and power better self-serve customer journeys. Modyo accelerates how organizations transform web and mobile channels enabling financial institutions and large organizations to deliver frictionless digital experiences to millions of customers.
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 that provide superior customer experiences. 2innovate was founded in 2016 and currently operates in 11 countries. Its headquarters are in Montevideo, with additional offices in Buenos Aires, Mexico City, and Miami.
