
Financial Inclusion with a Sustainable Focus
Success stories of sustainable banking services pave the way for possible competitors and new players in the financial sector. There are few bigger success stories than Banco Familiar’s in Paraguay.
Success stories of sustainable banking services pave the way for possible competitors and new players in the financial sector. There are few bigger success stories than Banco Familiar’s in Paraguay.
Open banking, allowing third-party service providers to access financial data from financial institutions through APIs, is growing rapidly thanks to secular global trends and the region’s thirst for innovation.
The digitization of financial cooperatives, a fundamental component of the financial sector in the region, is accelerating. There are numerous examples of progress, from Ecuador to Jamaica, that provide grounds for optimism.
So-called “patient” capital supports the expansion of mid-market enterprises, driving job creation and supporting modernization. It’s now becoming a fixture of private capital investment, which is soaring in the region as investors seek alternatives to the low returns typical of fixed-income assets.
Environmental, Social and Corporate Governance (ESG) factors have evolved from externalities to key components of business models, and integral elements of corporate strategies.
It's clear that the COVID-19 pandemic has driven society to become more digital, to increase the use of electronic devices and to do almost everything online. What can we expect from traditional banking models and Fintech companies in 2021?