Banco San Juan Internacional and Insight Securities Launch New International Credit Card Program

Banco San Juan Internacional and Insight Securities Collaboration

Banco San Juan Internacional, Inc. (BSJI), a premier international banking institution located in Puerto Rico, has announced an exciting new partnership with Insight Securities, Inc., a U.S.-based broker-dealer. This collaboration has culminated in the launch of a white-label Visa credit card program, specifically designed for international clients. The initiative marks a significant step towards improving the financial ecosystem for consumers who live and work abroad.

Through this innovative program, Insight Securities can offer its clients a branded Visa credit card, which seamlessly integrates into their existing financial services. One of the primary advantages of this collaboration is that it empowers international clients with enhanced purchasing power and the ability to complete secure transactions. Furthermore, clients can benefit from access to the extensive Visa network, thus expanding their options while traveling or making purchases internationally.

Héctor J. Vázquez, CEO of Banco San Juan Internacional, remarked, "This partnership highlights our commitment to delivering innovations that empower financial institutions to strengthen relationships with clients everywhere." The credit card program stands out from typical consumer offerings as it is tailored specifically to those living outside their home country, overcoming challenges often faced by expatriates in accessing credit.

Carlos Legaspy, CEO of Insight Securities, elaborated on the benefits of the new card, stating, "Our collaboration with BSJI allows us to extend our client-centric approach into everyday financial services by providing clients with access to this payment solution. The branded Visa cards will enhance convenience for our clients and add value to their financial lives."

This initiative not only simplifies the financial processes for those living abroad but also reflects a growing trend among banking institutions to innovate their service offerings. By utilizing BSJI’s comprehensive banking infrastructure, both banks can concentrate on enhancing customer experience while providing quality financial products.

Available to eligible clients of Insight Securities from the announcement date, the credit card is issued by Banco San Juan Internacional and is distinct from investment products offered by Insight. It is crucial to note that the credit card does not come under the protection of the Securities Investor Protection Corporation (SIPC).

About Banco San Juan Internacional, Inc.

Banco San Juan Internacional, located in San Juan, Puerto Rico, is known for its specialized offerings in corporate banking and trade finance as well as tailoring financial solutions for diverse clients. The institution takes pride in its innovative approach and strong client service, partnering with organizations globally to provide value-added banking and payment products.

About Insight Securities, Inc.

Insight Securities, Inc. stands as a robust U.S. broker-dealer, offering a wide array of investment services to both individual and institutional clients. The firm is recognized for its dedication to transparency and personalized service, ensuring that it meets the dynamic requirements of its clientele by delivering comprehensive financial solutions.

The launch of this credit card program underlines the significance of collaboration between financial institutions, as they strive to enhance client satisfaction and streamline financial processes for international communities.