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The hyperactive open banking market of Latin America: How the region is being APIfied

Technology

Latin America

Ximena Aleman

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Startup fundraising is the most tangible gender gap. How can we overcome it? Fintech regulations in Latin America could fuel growth or freeze out startups

We are only in the first chapter of Latin America’s long journey to tech growth. But with the region’s thirst for innovation, the market is expected to expand nearly tenfold over the next decade, with open banking through the use of APIs leading the way and acting as digital transformation facilitators.

With LatAm businesses and startups continuously integrating with new-age platforms and services, adopting an API-driven transformation strategy has become essential – as a result, the entire financial system is being “APIfied.”

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