Colombian fintech Currently, the Colombian fintech sector is at a technological and innovation turning point with the arrival of new trends and tools such as open finance and artificial intelligence. According to the third measurement of the Innovarometer of the Colombian Financial Superintendence (SFC), entities face a more challenging technological horizon than that observed in previous years. The survey seeks to identify the advances, trends, opportunities and challenges of financial and technological innovation, as well as the implementation of new technologies in the financial system. 256 companies were interviewed, including traditional financial institutions and fintechs, which represents a 45% growth compared to the respondent base in 2021. The results reveal that six out of 10 traditional financial institutions are at a “developing” level of innovation, while the same proportion of Colombian fintech companies are at an “advanced” stage. Looking to the future, 64% of traditional financial institutions and 68% of fintechs maintain that continuing to work on digital transformation initiatives in the coming years is a priority. The innovation strategy approaches of the Colombian fintech sector remain the same compared to the measurement made in 2021. The traditional segment identifies the development of products to improve internal processes (57%), […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
