LATAM Consumers Embrace Neobanks As Legacy Bank Infrastructure Stifles Digital Transformation
Latin American consumers are ditching legacy banks in favor of service providers that better meet their mobile-first banking needs. In the Digitizing Payments In Latin American Playbook, a PYMNTS and Kushki collaboration, Brad Liebmann, CEO of Brazilian FinTech alt.bank, discusses how outdated infrastructure is hampering the ability of legacy FIs to satisfy consumers’ evolving needs.