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Financial Services Review: Specials Magazine
Through this article, Lauren Tammy Hikage, Data and AI Director at Edenred, explores the transformative role of artificial intelligence in modern businesses and the urgency for companies to integrate AI-driven strategies. She discusses how leading organizations leverage AI not only for productivity gains but also to shape product development, customer experience, and strategic decision-making. With AI adoption accelerating, she highlights the increasing importance of AI governance, responsible implementation, and data as a core business asset. Hikage also examines the challenges companies face in building AI expertise, fostering a data-driven culture, and creating a sustainable ecosystem for AI adoption. She underscores the need for continuous learning, collaboration with technology leaders, and the use of synthetic data to drive innovation. She concludes by reinforcing that AI is not about replacing humans but empowering them, emphasizing that companies must embrace AI as a competi
Top Family Office Wealth Management Services in Panama 2025
Legacy is the heartbeat of a family's identity, shaping its values, vision, and the mark it leaves on future generations. Wealth is more than just a measure of success—it’s the engine that sustains that legacy. That’s why high-net-worth families seek more than just financial growth—they want to protect their wealth, align it with their values, and make strategic decisions that benefit their businesses and future generations. They seek global financial solutions, elite expertise, and a trusted partner who understands their ambitions. Juggling these complexities while preserving both business longevity and family unity is no small feat—but with the right guidance, it becomes a legacy in the making. Nordia Capital exists to solve this equation. As a premier family office and wealth management firm, it goes beyond traditional financial advisory services to offer a holistic approach that integrates financial planning, wealth structuring, and business development. With a focus on sustainability and legacy, the firm helps families across Latin America navigate the complexities of wealth to ensure prosperity thrives across generations. “We apply our deep banking expertise to craft custom solutions for our clientele. Through our global network of top-tier banks, we provide secure custody of their assets and liabilities while granting access to premier commercial solutions,” says Rafael Carrillo, CEO of Nordia Capital. The firm facilitates clients’ professional and financial development by growing their capital and helping optimize their strategic business decisions. Thanks to its global network of specialists, Nordia Capital offers a wide range of financial solutions tailored to clients’ personal and professional needs. Services such as sophisticated private banking, investment structures, global asset protection, and tax optimization support wealth growth, business development, and long-term financial security. The firm also helps families establish governance frameworks and succession protocols to ensure stability across generations.
Payment and Card Solution in Latin America 2025
Traditional banks in Brazil often overlook both small businesses and low-income individuals—groups that make up the backbone of the economy yet face the highest barriers to access. Small and medium sized enterprises (SME), which represent over 99 percent of all businesses and generate nearly 30 percent of Brazil’s GDP, struggle with credit restrictions, lengthy paperwork and a lack of tailored financial products. Meanwhile, nearly 45 million people remain unbanked or underbanked, effectively shut out from a system meant to empower them. That’s where Afinz steps in—not as just another bank, but as a financial partner redefining what inclusion looks like. With accessible credit, digital tools, and humanized service, Afinz is helping individuals and SMEs take control of their finances and bring their goals to life, without the red tape. Afinz offers a full range of solutions—from Visa-branded credit cards and digital bank accounts to working-capital loans, insurance, e-commerce tools, instant PIX payments and wealth management—built specifically for small businesses and low income Brazilians. Every product is designed to meet people where they are, with flexibility and simplicity at the core. For many small businesses, traditional lenders are a dead end, demanding collateral and long credit histories that solo entrepreneurs can’t afford. Afinz changes that. Analyzing alternative data, like utility bills, sales activity and payment behavior, it provides tailored credit offers that reflect a business’s true potential. With its co-branded Visa credit cards, even the smallest shops can accept digital payments and start building a solid financial track record. As these businesses use Afinz responsibly, they gain access to higher credit limits, empowering them to invest in staff, equipment or new market opportunities. And for the millions of Brazilians left out by legacy institutions, Afinz’s mobile-first platform opens the door. With just a smartphone, users can open a free digital account, send instant payments, pay bills and access micro-loans—approved quickly through AI-powered credit analysis. Micro-insurance offerings provide peace of mind in times of crisis, while in-app budgeting tools and personalized reminders help users stay in control of their money.
Alternative Investment Services in Latin America 2025
Vinci Compass has established itself as a key player in the Latin American investment scene, specializing in alternative asset management. With nearly three decades of experience, the firm operates across the region, including Brazil, Chile, Colombia, Mexico and the United States. In early 2024, Vinci Partners merged with Compass Group, an established asset management and advisory firm with a strong presence across Latin America. This merger created Vinci Compass, a major force in alternative asset management for the region, offering expertise in private equity, credit, real estate, infrastructure, forestry, equities, global investment products & solutions and corporate advisory. The combination leveraged Vinci’s investment platform and Compass’s broad client base across countries like Chile, Peru, Colombia and Mexico. The transaction included issuing over 11.7 million Vinci Class A common shares and $31.3 million in cash. Compass partners were also offered a potential 7.5 percent stake in the new entity based on future performance by 2028. Since the merger, Vinci Compass has demonstrated strong growth. In October 2023, Vinci Compass secured a significant investment from Ares Management Corporation. Ares, a major U.S.-based alternative investment manager, purchased US$100 million in Series A Convertible Preferred Shares. This partnership aims to accelerate Vinci Compass’s expansion in Latin America and foster collaboration in product development, distribution and business growth. The Ares investment enhances Vinci Compass’s capital base and strengthens its appeal to institutional investors, particularly those seeking exposure to emerging markets with high growth potential. By the end of 2024, it managed R$327 billion in assets, a 377 percent year-over-year increase, bolstered by MAV Capital and Lacan acquisitions. In Q4 2024, the firm reported fee-related earnings of R$79 million and adjusted distributable earnings of R$73.9 million, alongside a 6 percent annualized dividend yield.
CXO INSIGHTS
Path to Growth: Opening Points in Brazil Tax Reform
Guilherme Iacovino, Tax Manager, Decolar Brasil
Tax Reform
Vanessa Ferreira Lukaisus, Tax Director, GM Financial
Helping Provide Financial Security through a People-focused Approach to Portfolio Management
Yesim Tokat-Acikel, Managing Director, Portfolio Management, Principal Asset Management
The Dance of Financial Precision: Unraveling the Intricate Effects of Lack of Integration in Accounting Systems
Helder Pinheiro de Oliveira, Senior Accounting and Tax Manager, BeFly
Consortium: Investment That Goes from Purchasing a New Car to Obtaining Extra Income
Tatiana Schuchovsky Reichmann, CEO, Ademicon
The View from the Knife's Edge:A New Market Regime
Sébastien Page, CFA®, Head of Global Multi-Asset and Chief Investment Officer, T. Rowe Price
Evolution Steps of Finance Processes for Shared Services Centers
Carol A. Diaz S., VP of Finance, Technology and Operations, ScotiaGBS Colombia del grupo Scotiabank
Transforming Wealth Management In The Digital Era
Andre Cardoso, Head of Global Investments, Inter
Risk in The Ai Age: Why A Human Rights-Centered Approach is Critical
Joao Sitta, Compliance Manager & Data Protection Officer, Revolut
IN FOCUS
Navigating Wealth: Family Office Services in Panama
In recent years, family office wealth management services have become important as high-net-worth individuals and families increasingly seek tailored wealth management strategies.
Unlocking the Advantages of Wealth Management in Latin America
Wealth management is an exclusive investment advisory service for affluent clients, providing comprehensive financial planning and management options.
EDITORIAL
Evolving Landscape of Family Office Wealth Management in Latin America
The family office wealth management landscape in Panama, and across Latin America, has undergone a significant transformation in recent years. Today, high-net-worth and ultra-high-net-worth individuals increasingly seek structured, strategic approaches to preserve and grow their wealth. Panama, long recognized as a regional financial hub with a favorable tax regime, remains a key player in this evolving ecosystem. Yet, it too must adapt to rising demands for transparency, international compliance, and digital innovation. Family offices in Latin America face a host of pressing challenges. These include navigating complex cross-border tax regulations, succession planning, managing currency volatility, and mitigating socio-political risks. As many family-owned enterprises transition to second- and third generation leadership, the need for professional wealth management has never been greater. This shift is accelerating the move from traditional, informal structures to more institutionalized family office models that emphasize governance, risk management, and customized investment strategies. Leading advisors in the space embrace technology-driven solutions, ESG oriented investments, and diversification across asset classes and geographies. With its strategic location, robust financial infrastructure, and commitment to aligning with global compliance standards, Panama is well-positioned as a regional launchpad for innovation in family wealth management. Despite ongoing challenges, the region offers tremendous opportunities. A growing number of affluent individuals, increasing awareness of generational wealth planning, and heightened interest in alternative investments drive demand for sophisticated, future-ready family office solutions. In this edition, we spotlight Nordia Capital, a financial advisory and wealth management firm that specializes in private banking, family office solutions and financial strategies. The firm analyzes financial markets to identify opportunities for client portfolios. We also feature expert opinions from industry leaders such as Jeanne Krigbaum, Chief Wealth Planning Officer, Old National Bank and Frederico Nobre, Head - Warren Brasil Gestão at Warren Investimentos. These leaders offer insights about the industry's current predicament and future scope. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
