About This Executive Roundtable
According to McKinsey, Latin America is the fastest-growing region in the world for financial services revenues, at 12% annual growth. The key to maintaining this growth, and to securing a greater share of the opportunity for financial institutions in the face of stiff competition, is digital transformation.
Many digital transformation initiatives, for both retail and corporate banks, are driven by the front-end customer experience, as well as the need to support new open banking regulations. However, end-to-end digital transformation cannot be achieved unless banks also prioritize payments modernization.
Why payments modernization is essential to achieve the objectives of digital transformation in Latin America
The effect of the COVID-19 pandemic and shifts in customer demand on modernization priorities
The competitive risk and opportunity cost of falling behind in payments
How real-time / instant payments, next-generation cross-border, ISO 20022, and open banking are driving payments modernization
The key role of cloud and Payments as a Service (PaaS) in an effective modernization strategy for Latin American banks