Reimagining the Future of Finance in Latin America and the Caribbean
At the FinnLAC Forum 2025 in Miami, the IDB Group hosted over 500 industry leaders and experts to help redefine the future of finance in Latin America and the Caribbean. The event focused on improving the ability of individuals and companies to better manage their finances, withstand economic shocks, and invest in their long-term prosperity. By highlighting innovations that broaden access, strengthen resilience, and promote overall financial health, the forum set the stage for more sustainable financial systems across the region.
Financial Health: Driving Growth in Latin America and the Caribbean
According to the latest Global Findex database, the proportion of adults in Latin America and the Caribbean (LAC) with account ownership rose from 39% in 2011 to over 75% in 2025. This increase was driven by the rise of digital-first financial service providers, expanded government transfers, and innovations that enhance the value proposition, such as the growth of e-commerce and instant payment systems in countries like Brazil, Peru, and Costa Rica.
Five Drivers Reshaping Finance in Latin America and the Caribbean
The tech revolution is breaking down structural financial barriers across Latin America and the Caribbean. Informal workers, rural communities, and small businesses are gaining rapid access to digital savings accounts, microloans, and instant transactions, often at little or no cost. But what’s really driving this transformation?