Financial institutions have gone through a period of tremendous change and difficult operating conditions, from the ripple effect of the credit crunch on Wall Street to the Tequila effect in Mexico. Nevertheless, inflation and high volatility have had positive effects on financial institutions who emerged from these crises stronger and more stable, putting the lessons learned into action to help them address future market changes.
A wave of disruption has come in the form of fintech startups flourishing on the back of the rise of ecommerce. In theNorthern Americas, credit adoption, responsive banking and fintech aggregation are changing the way customers manage their finances. To the South where cash is king with 85% of transactions conducted in cash across LATAM, payment and alternative payment remains the most relevant segment while ride-hailing companies tap into financing options for their millions of drivers, leveraging alternative scoring data. Finance is now at the crossroads of ecommerce, urban and digital mobile lifestyles.
Through the smart use of technology, BPC is addressing real-life needs. The SmartVista suite supports financial institutions and governments across the Americas, responding to each country’s particular needs, from finance to mobility to create ecosystems of value.
