Banco de Crédito del Perú: Excellence in Executing Domestic Strategy

Banco de Crédito del Perú: Excellence in Executing Domestic Strategy

Bonds Debt Corporate & Sovereign Strategy Fixed Income Funds Loans Peru

Brazil's Nubank and fintech startups throughout Latin America have put many banks on the defensive, but not Banco de Crédito del Perú (BCP). Peru’s biggest bank is staying ahead of the competition through agility, creativity, flexibility and innovation— the same strategy employed by fintech newcomers. In 2015, BCP created InnovaCXión, an innovation center. The goal was to create a culture of entrepreneurship in the bank so employees could create services that cater to techsavvy customers. It’s already yielded results. Accounts can now be opened online and in less than half the time than before. And Yape, its app for paying bills, making purchases and receiving and sending money on a smartpho

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