Legacy architectural limitations are no longer just an IT headache – they are a direct threat to a bank’s deposit base and market share. As regional instant payment volumes explode across Latin America, traditional banks face a widening competitive gap between rigid, fragmented backend systems and the frictionless, mobile-first experiences today’s customers demand.
SoFi Tech Solutions latest report, The Future of Digital Banking in Latin America, analyzes hard operational data from regional field research. The findings reveal how leading financial institutions are breaking free from technical debt, mitigating sophisticated regional fraud vectors, and reclaiming operational agility without executing a high-risk, total core overhaul.