Banco Popular de Puerto Rico launched Thursday what may be a first for the island’s commercial banking sector: giving consumers the option to put their savings up as partial collateral when applying for a personal loan.
Banco Popular recently unveiled its new “Personal Financial Manager” tool, to enable its customers to manage their money through the “Mi Banco” service.
Popular Inc.’s stateside subsidiary, Popular Community Bank, announced Tuesday the launch of its mobile banking application for iPhone and Android devices, which offers special features for small and mid-size business owners and their staff to manage finances from virtually anywhere.