The fintech industry has experienced a three-fold growth in Latin American markets in the last three years, as fintech funding surged from USD 44 million to USD 2.1 billion in the last decade. Brazil and Mexico are leading the charge in this fintech growth, with Columbia, Argentina, Chile, and others following closely behind. This growth is only expected to grow further in this decade and beyond.
This spike in fintech activity in the Latin American region is courtesy of the rising demand for online banking products post- COVID. A large population underserved mainly by traditional banking services, new regulatory changes and initiatives in the banking and financial sectors that have improved transparency and security, as well as a massive increase in internet and mobile phone adoption, are furthering the growth of fintech in the region.
This edition of Financial Services Review brings the spotlight on the key developments in the fintech space in Latin America and how financial companies are leveraging the latest tech solutions and market expertise to facilitate and streamline the adoption of digital financial services on a wide scale. It features thought leadership articles from MārtiņšBērziņš, Head of Digital Customer Experience at Citadele Bank, and Pearl Mathew, Director, Fintech Corporate Banking and Jeremy Amias, Vice Chair at Standard Chartered Bank. They respectively speak about the heightened business growth potential brought on by increasing fintech adoption, its role in fostering global business expansion, and navigating the recent technological advancements in the fintech compliance space.
Along with that, the edition features innovative digital solutions for crediting, leasing, and investment segments from Prosystem, a fintech software solution provider that equips organizations with powerful, scalable financial administration solutions.
In this edition featuring top fintech solution providers, we hope you find the appropriate company suited to the needs of your digital finance operations.