The five factors that will determine financial competitiveness in Peru, according to KPMG

Pablo Vaño, partner of Financial Services Consulting at KPMG Spain, has identified technology, sustainability, and operational efficiency as three of the five key factors that will condition the financial competitiveness of banks and insurance companies in Peru during the new economic cycle.

The analysis, which draws on the specialist's two decades of experience, focuses on the structural elements shaping the future of the Peruvian financial sector. Separately, legislative developments in the Dominican Republic have introduced a bill in the Chamber of Deputies seeking a 30 percent reduction in credit card financing interest rates, alongside a maximum annual limit of 45 percent and mandatory refunds for improper charges by financial institutions.