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  5. Banks Still Warming the Bench? A Latin American Fintech Review

Banks Still Warming the Bench? A Latin American Fintech Review

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9 November 2017
Juan Mazzini

Key research questions

  • Is fintech relevant in Latin America?
  • What are the main areas of focus of fintech startups in Latin America?
  • How are banks innovating to respond to pressure from fintech startups and other incumbents?

Abstract

Fintech startups and banks are on the road of collaboration; here are some views and recommendations for banks to succeed.

Banks have been investing in omnichannel and digital. Experimenting with new technologies and finding the right models to innovate are huge challenges. While many banks are trying to figure out the right way to do it, startups are working hard to disrupt the banking industry as we know it. Celent looks at fintech finalists from recent competitions to understand the main areas of interest and how they are successfully collaborating with banks.

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