TECH CENTRAL AMERICA: Expanding with care

TECH CENTRAL AMERICA: Expanding with care

Bonds Corporate & Sovereign Strategy

Central America’s banking system is in the throes of a major upheaval. Several international banks have abandoned their retail operations, opening opportunities for local and Colombian institutions to step in. At the same time, the region is increasingly paying attention to the technology and regulations that are shaking up global banking. “Technology and people’s habits are rapidly changing,” says Ernesto Castegnaro, chairman of Central American lender BAC Credomatic. As retail customers and corporates demand access to their finances around the clock, banks are rolling out new tech solutions in response. Central America’s young demographic is fast adapting to mobile and data techn

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