FinTech companies boost the growth of Costa Rica’s financial sector

Mario Hernández, CEO, and co-founder of IMPESA, explained that the financial sector has been the one that has shown the greatest difficulty to offer opening facilities in adopting services digitally. Equally, achieving banking efficiency through automation processes is very complex.

This deficiency of the banking entities to develop digital financial tools, mainly due to an excess of regulations, has led the Fintech to take more and more relevance and become the main allies of these entities.

“FinTech companies are companies that leverage technology to offer improvements to financial services. FinTech, in general, come to create important changes in the industry that allow financial institutions to reduce costs, increase revenues and be more competitive, also directly benefiting customers, “said Hernandez.

Read more: Revista Summa, IT NOW, Mercados & TendenciasLa Republica, Noticias al instanteRumbo Económico.