Published on Monday, August 24, 2020

Digitization in Latin America: a challenge that cannot be delayed

The disparate and slow digitization process in Latin America has contributed significantly to the slowdown in the region's economic and health recovery amid the COVID-19 health crisis.

Key points

  • Key points:
  • Structural problems such as the gap in access to broadband fiber and the Internet have limited the mitigating effect of digital innovation in banking and finance.
  • But they have also become a burden for the region in the development of remote working in this critical situation.
  • In addition, lockdown has forced certain changes in consumer trends habits in the banking sector.

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