In recent years, successive Colombian governments have sought to diversify the nation’s economy beyond its over-reliance on commodities, and nowhere has this been more apparent than in the financial services industry.
Despite battling the devastating impact of the Covid-19 pandemic, the Superintendencia Financiera de Colombia (SFC) – the government entity charged with supervising the nation’s financial and stock market systems – has received a slew of licensing applications from entities wanting to expand into the country.
