Financial innovation in LatAm calls for open collaboration with start-ups

Andres Fontao, Finnovista

Fintech is upending the way we understand the financial sector in Latin America; financial services are experiencing deep transformations as a result of start-ups’ love for change driven by new technologies.

Is merging innovative financial technology with credit unions the key to banking the unbanked in Latin America?

Martin Naor is chief executive at Bankingly

Credit unions play a critical role in local economies of countries throughout Latin America and the Caribbean, serving as a vital savings and credit conduit to vast numbers of people, especially those in the lower rungs of the income pyramid who are in many cases, priced out of the traditional banking system