Digital Innovation in Latin America: A Driver of Financial Inclusion

SpeakerS:

Tatiana Torres, Associate Partner, Dentons Global Advisors; Concordia Board Member
Hon. Ramón Martínez, Ambassador of Panama to the United States
Anthony Casciano, President & CEO, Siemens Financial Services

Key takeaways & next steps:

  • There is an immediate need to continue to build basic infrastructure in Latin America. This, ultimately, will allow technological innovation to fuel opportunity and growth.
  • The pandemic served as a catalyst for key innovations. In Panama, for example, national ID cards functioned as debit cards, allowing the over 1 million Panamanians who are without bank accounts to receive stimulus payments. 
  • Basic infrastructure requirements being fulfilled offer life-changing developments. For example, recent deals struck with Starlink (SpaceX) offer opportunities to bring connectivity to many rural parts of Latin America, offering access to key information such as weather and the pricing of goods, which could change the lives of many smallholder farmers.
  • To ensure women share in this progress, we need to ensure equal representation within workforces, boards, and political arenas.

“Technology ushers growth, education, and the opportunity for entrepreneurs and citizens to have access and the opportunity to be connected.”

 
Tatiana Torres, Associate Partner, Dentons Global Advisors; Concordia Board Member

“In order to reduce poverty and inequality, we need to keep people connected and public-private partnerships are absolutely critical.”

 
Hon. Ramón Martínez, Ambassador of Panama to the United States

“If leaders don’t reflect society, then you’re probably missing an opportunity.”

 
Anthony Casciano, President & CEO, Siemens Financial Services

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