{"id":5757,"date":"2018-07-10T12:56:32","date_gmt":"2018-07-10T12:56:32","guid":{"rendered":"https:\/\/insights.invyo.io\/latam\/?p=5757"},"modified":"2018-07-13T13:12:51","modified_gmt":"2018-07-13T13:12:51","slug":"bbva-is-calling-for-more-innovation-in-colombia","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/latam\/fintech-latam\/colombia\/bbva-is-calling-for-more-innovation-in-colombia\/","title":{"rendered":"BBVA is calling for more innovation in Colombia"},"content":{"rendered":"

President of BBVA Colombia is calling the government to accelerate the digital transformation of the banking industry in the country.<\/strong><\/p>\n

\u00d3scar Cabrera is concerned about the fact that\u00a0less than 10% of internet users<\/strong> and 40% of medium and large<\/strong> companies use electronic tools to access banking<\/strong>.<\/p>\n

The Colombian government has no clear digital agenda yet. According to him, the digital transformation of the country should be a top priority:<\/span><\/p>\n

“The new government must provide a clear agenda to encourage more digital behavior among the population, and facilitate the rise of new entrants with disruptive business models”.<\/p><\/blockquote>\n

Cabrera Izquierdo acknowledged the key\u00a0role played by the financial industry<\/strong>\u00a0in driving the country toward a more digitally-oriented economy.<\/p>\n

“We are aware that the financial sector is called to generate this change. At BBVA, we are convinced that change will promote competition to ultimately better serve the end consumers”.<\/p><\/blockquote>\n

Studies show that in Colombia:\u00a090% of the transactions<\/strong> are still made in cash<\/strong>, only 7%<\/strong> with a debit card<\/strong> and 2%<\/strong> with a credit card<\/strong>. He continued by saying:<\/p>\n

“Despite the fact that 96% of households have a mobile phone and 90% of companies have Internet access, less than 10% of internet users and 40% of medium and large companies use electronic banking”.<\/p><\/blockquote>\n

BBVA has long been involved in stimulating digital entrepreneurship<\/strong> across the world. The Open Talent for example, is a yearly initiative to scout and develop new business models<\/strong>, to which Colombia is the first country<\/strong> in terms of participating startups<\/strong> in Latin America.<\/p>\n

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 <\/p>\n","protected":false},"excerpt":{"rendered":"

President of BBVA Colombia is calling the government to accelerate the digital transformation of the banking industry in the country. \u00d3scar Cabrera is concerned about the fact that\u00a0less than 10% of internet users and 40% of medium and large companies use electronic tools to access banking. The Colombian government has no clear digital agenda yet. […]<\/p>\n","protected":false},"author":31,"featured_media":5760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[184,214,276,1534,422,425,1935,540,553,807,1538,1936,1079,1220,1399],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n