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More money is flowing into Latin America since the rise of COVID-19, with foreign direct investment in Latin America having rebounded from the pandemic-induced slump.

In the Caribbean, the Dominican Republic is seeing the emergence of a burgeoning fintech industry, a thriving ecosystem that has risen on the back of supportive regulatory initiatives and ambitions to improve financial inclusion.

The fintech ecosystem in Latin America (LatAm) has risen quickly over the past couple of years with sustained growth observed in all segments and in the number of active fintech companies, a new report from the Inter-American Development Bank (IDB) and Finnovista shows. But across all major categories, it is digital banking, technology/IT and infrastructure, as well as insurtech that have witnessed the strongest growth. 

Third edition of IDB, IDB Invest and Finnovista study highlights the rise of the fintech ecosystem in Latin America and the Caribbean, growing 112 percent from 2018 to 2021.

WASHINGTON, United States (CMC) — The Fintech ecosystem in Latin America and the Caribbean has experienced rapid growth and established itself as a key factor to meet the demands and needs of financia...