Interview: Bancolombia's Santiago Pérez and the tech revolution

Interview: Bancolombia's Santiago Pérez and the tech revolution

Bonds Interviews

LatinFinance: A great deal is being said about potential disruption facing banks. Do you see this happening? Pérez: Disruption is a fact, and a positive one. It is also a fact that banking, whether we are talking about funding for SMEs or consumer transactions, has changed with mobile banking. In Bancolombia, more than half of the 180 million transactions registered a month are now done with mobile phones or personal computers, which means that more and more people are managing things on their own without the need to visit a bank branch. This is disruption. LF: What changes do you see? SP: Banks are used to doing everything alone, but I think we need to do it with allies and many of these

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