{"id":4615,"date":"2017-03-06T19:28:37","date_gmt":"2017-03-06T19:28:37","guid":{"rendered":"http:\/\/www.finnovista.com\/tendencias-digitales-emergentes-en-america-latina\/?lang=en"},"modified":"2020-04-20T05:25:47","modified_gmt":"2020-04-20T05:25:47","slug":"tendencias-digitales-emergentes-en-america-latina","status":"publish","type":"post","link":"https:\/\/www.finnosummit.com\/en\/tendencias-digitales-emergentes-en-america-latina\/","title":{"rendered":"Emerging digital trends in Latin America"},"content":{"rendered":"
The following Tuesday, 14th of March, FINNOSUMMIT<\/a><\/strong> will begin with Sam Maule<\/a><\/strong>, who will talk about the transformation the financial services in South America are experiencing due to the Fintech revolution. Latin America is already positioning itself as one of the emergent and most disruptive markets in the implementation and development of Fintech entrepreneurship, but it is still necessary to create an ecosystem of support and collaboration that favours the adoption of new innovations. <\/span><\/p>\n Along these lines, Sam highlights that \u201cthere must be a focus on aligning the banking sector, startups and governmental\/regulatory communities in order for them to work together to create and encourage the establishment of a solid and favourable culture towards innovation.\u201d The digitalisation of all the sectors of our society is inevitable, and it is necessary that the region anticipates these new innovations in order to adequately adapt and achieve the necessary technological progress. Do not miss the following interview, where the Fintech expert gives the clues about the digital trends that are about to come.<\/p>\n What are the most notable emerging digital trends in the financial sector globally?<\/b><\/p>\n<\/div>\n In which way can these trends arrive to Latin America and impact and transform the finance sector in the region?<\/b><\/p>\n One of the most important lessons for the region is to anticipate the incoming disruption wave and plan accordingly. \u00a0Focus on aligning the banking, start-up, and government\/regulatory communities to work together to set up and encourage the establishment of a strong, supportive innovation culture. \u00a0One of the key learning curves I\u2019ve seen across the globe is the slow evolution of each of these areas to realize they are interdependent. \u00a0Don\u2019t lose valuable time with in-fighting. \u00a0There isn\u2019t time to waste with this nonsense.<\/span><\/p>\n Which socio-cultural Latin American characteristics are favouring the progress of these trends and what opportunities exist for the founding of Fintech entrepreneurships?<\/b><\/p>\n <\/p>\n One of the distinct advantages of the LATAM market is the extensive influence of \u201ccommunity\u201d. \u00a0The inherent support system of the local community of friends, acquaintances, businesses, government, etc. isn\u2019t specifically unique to LATAM; however, the region certainly has their own particular approach to this. \u00a0\u00a0And I\u2019ve seen several examples of this for example in micro-finance and P2P lending.<\/p>\n I also believe LATAM has the advantage to some degree of leapfrogging legacy technology and processes that can at times burden more \u201cdeveloped\u201d financial markets such as the U.S. and Europe. \u00a0We\u2019ve seen this take place in different parts of Africa with M-Pesa and other mobile payments \/ banking solutions and in such diverse markets as the Philippines with lending solutions such as Lendr and Leverage. \u00a0The ability to move directly to pure mobile solutions that consumers are hungry to adopt is a compelling story for the region.<\/p>\n If we say that the Fintech revolution is already transforming the financial services in the region, which impacts may we see in the following 5 years within the economic sector and regarding financial inclusion?<\/b><\/p>\n <\/p>\n One of the significant impacts to the economy of different nations will be the digitization of industries (manufacturing, banking, services, etc.). \u00a0I can\u2019t overstate the radical change we are facing globally due to AI and robotics. \u00a0While it is true innovation driven by these technology advances will improve the products and services available to a wider and more diverse consumer base; at the same time more and more individuals will be facing massive disruption as traditional jobs are replaced via automation. \u00a0<\/p>\n What are your expectations regarding FINNOSUMMIT in Bogota?<\/b><\/p>\n <\/p>\n I\u2019m looking forward to meeting the regions\u2019 key contributors from the tech and FI ecosystem. \u00a0I find the each region I visit and get to know across the globe faces their own unique challenges and in many cases their own unique solutions. \u00a0Learning from these and sharing the ideas and solutions implemented in other geographies is what makes my job so much fun.<\/p>\n<\/b><\/p>\n
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About Sam Maule<\/a><\/h3>\n