{"id":2582,"date":"2025-07-07T14:10:49","date_gmt":"2025-07-07T19:10:49","guid":{"rendered":"https:\/\/shareppyinternacional.com\/?p=2582"},"modified":"2025-07-07T14:15:46","modified_gmt":"2025-07-07T19:15:46","slug":"the-fintech-impulse-in-the-cooperative-sector","status":"publish","type":"post","link":"https:\/\/shareppyinternacional.com\/en\/the-fintech-impulse-in-the-cooperative-sector\/","title":{"rendered":"The fintech impulse in the cooperative sector"},"content":{"rendered":"

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In an increasingly digitized financial environment, credit unions face a tipping point: adapt to new technologies or risk being left behind. While banks and fintechs are making great strides in digital transformation, credit unions must accelerate their technological adoption to stay competitive and relevant.<\/p>\n

Digital transformation is here… what about credit unions?<\/strong><\/p>\n

We live in an era where everything is immediate: open an account, apply for a loan, sign a contract. A click is all it takes. For the average user, this is no longer a luxury, but a basic expectation.<\/p>\n

And while banks and fintechs are aggressively advancing in automation, artificial intelligence and frictionless digital experiences, the cooperative sector faces a very clear choice: digitize or disappear.<\/strong><\/p>\n

\ud83d\udcc8 The unstoppable growth of the fintech ecosystem in Latin America<\/strong><\/h3>\n

According to the IV Fintech Report in Latin America and the Caribbean, prepared by the Inter-American Development Bank (IDB) and Finnovista, the number of fintech ventures in the region grew by more than 340% between 2017 and 2023, from 703 to 3,069 companies in 26 countries. Source.<\/a><\/p>\n

Colombia is positioned as the country with the third largest number of fintechs, representing 13% of the regional total, surpassed only by Brazil and Mexico. This growth reflects a clear trend towards the digitalization of financial services, driven by the demand for more agile and accessible solutions.<\/p>\n

This technological boom translates into services:<\/p>\n