Banking on the present with BAFT E3: Learnings from LatAm

So thank you, Daniel, for that overview.

And I want to move now from talking about a wider global macroeconomic condition to discussing the situation for individual banks in the Latin region.

What kind of challenges are they dealing with at the moment? What is needed for them to grow?

Oh, absolutely.

I mean, volatility is tough and forecasting these trade flows has become increasingly difficult because we are operating in an environment with geopolitical developments, trade policy decisions, tariffs, sanctions, supply chain shifts, and economic conditions are changing very quickly.

For Latin American banks and their corporate clients, I think the biggest challenge is managing this uncertainty.

Companies need to be confident to invest, sell goods, enter new markets, and while bank needs to assess the risk and provide financing in an environment where trade routes and commercial relationships can shift rapidly.

In addition, I would say many institutions are balancing several long-term transformations at once.

So this is where it comes.

So increasing regulatory expectation, financial crime prevention, cybersecurity concerns, and they need to improve efficiency while meeting higher customer expectations.

So for some markets, access to trade finance and correspondent banking relationship remains an ongoing constraint.

So I think something that it's a top issue across the region and not only this region.