| Project Detail |
This is a joint project that IDB Invest is partnering with IDB Lab. IDB Invest will take a role to provide the long-term financing and IDB Lab will collaborate with the Bank to develop a digital platform for SMEs called "Lets PYME". This app will offer a dynamic menu of financial and non-financial services focused on the dynamic and evolving needs of the Salvadorian SMEs to help them enhance their competitive edge from a commercial, managerial and technological perspective, simply by formalizing their relationship with the Bank. This app will offer : i) better financial products, as a result of a feedback mechanism focused on the SMEs transactional data, thereby better tailoring credit products, payments, savings, and liquidity management, and ii) strategic support with technological infrastructure and support that will allow SMEs to even digital playing field, and consequently inserting them into partnerships with customers and companies in their respective value chains. This menu will be powered by information captured by data analytics (big data, artificial intelligence systems), as part of the Scotiabanks "Fabrica Digital". Specialized teams that embrace the Agile and Design Thinking methodology will be in charge of surveying data analytics and constant upgrade the Banks products and services for Lets Pyme. |
