IBT, El Banco partner to serve underbanked

IBT, El Banco partner to serve underbanked
Tags: Bank / Credit Union, Debit / Credit, Software, Transaction Processing, Underbanked / Unbanked
October 1, 2006

SAN FRANCISCO - IBT Enterprises LLC, a retail-design, construction and consulting-services company for the financial-services industry, and Roswell, Ga.-based El Banco Financial Corp. have partnered to help credit unions attract and serve the Hispanic market through the IBT/El Banco Latino Retail Branching Solution.

According to a news release, the El Banco platform, Conexión El Bancosm, will provide a point-of-sale solution that supports a mix of traditional and non-traditional bank and financial services.

The Latino community is the fastest-growing population in the United States, increasing 22 percent since 2000. Latinos now account for more than 14 percent of the total population, according to the United States Census Bureau