Overview
- At the Felaban banking assembly, Banco Central de Reserva officials said they are evaluating higher cybersecurity requirements for any firm that seeks to connect to national payment systems to limit systemic vulnerabilities.
- The Superintendency of Banking, Insurance and AFPs reported trouble hiring specialized cybersecurity supervisors and is reorganizing its oversight teams to close enforcement gaps.
- SBS deputies say Peru is technically ready to host fully digital banks but warned many incumbent firms still lack the technology, staff and investment needed to operate securely.
- Regulators pointed to recent operational incidents, such as transaction interruptions at peak times, and listed other cross-cutting threats like advances in artificial intelligence, stronger El Niño events and global geopolitical pressure.
- Tighter connectivity rules would raise upfront costs and compliance demands for banks and fintechs, which could reduce new entrants and shift costs to customers unless supervisors rapidly build enforcement capacity.