The purpose of this research is to provide readers with an initial understanding of the future of the retail banking, insurance, brokerage, & investment management industries in Colombia, which provides geographical proximity but also challenges for United States financial services firms, including a different language, different currency, & different laws. In short, this research defines the future of financial services in Colombia and compares these findings to those of the United States in order to provide readers with some perspective. Colombia has trends parallel to those in the United States, but also many fundamental market differences. This research is part of Tiburon's coverage of the Latin America Markets.
The research starts with an explanation of the market history of Colombia, including these phases:
The research summarizes the growth of Colombia, and ranks both the leading sub-markets and the leading financial services firms.
The research addresses the four traditional financial services businesses, including:
And the research makes several predictions for Colombia, including: