Client-based case study shows quantified benefits of $10.8M in a five-year period in Customer Engagement Platforms for Financial Services Latinia, the Real-time communication's software vendor for
Latinia invests in fintech company Ábaco to boost financial inclusion in the region
Latinia, a software vendor specializing in real-time event processing for financial institutions has recently
announced its investment in the SaaS fintech company baco, which operates in Colombia and Mexico and provides financial access to unbanked individuals. baco develops a groundbreaking software for the generation of credit histories, the lack of which is a barrier preventing millions of workers from gaining access to credit. In the words of Latinia’s Corporate Development Director Oriol Ros, We believe in baco’s model, and find it interesting, because
it is a project with a purpose: to make a market of hundreds of millions of people, who have never had access to bank credit, visible to traditional banking. According to McKinsey, last year approximately 70 percent of the population over 15 years old lacked full or partial access to banking services.