Balam Wins Fintech Americas Award for Innovative Blockchain cross-border Payments Platform

Miami, FL - Balam, a revolutionary cross-border payment platform operating across Latin America, has been awarded the prestigious Blockchain, Decentralized Finance, and Future Award at the Fintech Americas 2023 event in Miami.

Balam's success can be attributed to its innovative use of blockchain technology, which enables customers to receive their money within minutes, a significant improvement from the traditional days-long processing time. The technology behind Balam's platform was developed in partnership with Konfront, a leading technology company that provides Product Development as a Service solutions to businesses across the globe. Konfront's KNFT platform allows companies to embed and build novel solutions by offering Blockchain as a Service, which allows companies to easily integrate blockchain components into their operation and digital product.

The award recognizes the innovative use of blockchain technology in the finance industry, and Balam's win is a testament to the power of innovation and collaboration. The company's co-founders, José Alberto Díaz, Alejandro Cardini, and Carlos Cardini, have extensive experience working in lending companies and Fintech scale-ups, complimented by serving and learning from Fortune 500 companies at McKinsey & Co. The company is also backed by Rockstart, a leading Latin American accelerator and early stage Venture Capital Fund.

Other notable winners at the Fintech Americas 2023 event include Reworth, an AI-powered rewards platform that won the Customer Experience and Engagement Award, and Belvo, a leading open banking platform that won the Innovation in Open Banking Award. These companies and Balam represent the forefront of fintech innovation in Latin America, and their success is a regional success story.

The use of blockchain technology in the finance industry has been a hot topic for years, but Balam's partnership with Konfront has taken it to the next level. The companies' success is a testament to the potential of blockchain as a service, and its ability to transform the finance industry in Latin America.

Balam's partnership with Konfront has proven to be a game-changer in the payments industry in Latin America. The partnership's innovative use of blockchain technology has transformed the cross-border payments process, and their success is a testament to the power of collaboration and innovation in the fintech sector.

While the founders commented that Balam's immediate focus is on payment orchestration, the company recognizes the importance of transforming the payments infrastructure in Latin America for the better. By providing seamless payment solutions that leverage the existing financial infrastructure and application layers, Balam is working towards a future where cross-border payments in Latin America are fast, reliable, and accessible to everyone. Balam's focus on payment orchestration is a necessary step in achieving its long-term vision. Balam remains committed to continuing to innovate and transform the payments industry in Latin America, working towards a future where payments are easy, convenient, and accessible to all.

We are thrilled to receive this award and be recognized for our traction and innovative use of blockchain technology," said Balam co-founder José Alberto Díaz. "Our partnership with Konfront has been instrumental in our success, and we look forward to continuing to innovate and transform the finance industry in Latin America."

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Balam is a revolutionary cross-border payment orchestatiion platform that enables customers to receive their money in seconds across more than five countries in Latin America. The company's innovative use of blockchain technology has transformed the payments landscape in the region.

This release was published on openPR.