Banking agents, or small shops contracted by banks to process client transactions, are laying the foundation for the digital transformation of the financial sector. They have also become a safer channel for clients to get cash during the pandemic. Paul Volcker, the former chairman of the U.S. Federal Reserve, once berated the finance industry for leading the world into … [Read more...] about Banking Agents, On the Frontlines of Financial Inclusion
Unlike the 2007–2009 crisis, when the global banking system was one of the factors that caused the economic downturn, in this crisis banks are set to be part of the solution. That is the role they must play. How can they do this? Evidence of the profound impact of the COVID-19 crisis can already be seen across the region. Both large businesses and SMEs in Latin America and … [Read more...] about The COVID-19 Crisis: An Opportunity for the Financial Sector
This is one of the few moments in history when no individual or institution can stand on the sidelines. Let’s use this collective motion to push ourselves to innovate. … [Read more...] about How the COVID-19 Crisis Can Change the Private Sector for the Better
Opening doors for women inside and outside of financial institutions is quickly becoming two sides of the same coin. Setting aside budgets and prejudices is the next step for creating leadership and management opportunities for women in Latin America and the Caribbean. … [Read more...] about Financial Institutions: Closing Gender Gaps in the Region
The transformations of the Fourth Industrial Revolution now require rethinking the responses to the demands of an economy that is changing by leaps and bounds. Latin America and the Caribbean expect much from the financial sector, but what exactly? … [Read more...] about Revolution 4.0: What’s Our Region’s Financial Sector Role in It?