Certainly, the banks will have to give much more importance to the digital distribution channels and radically alter the way that client data are analysed and stored. Substantial investment in technology and human capital will be necessary. Another option for traditional banks is to acquire one or more FinTech companies, as seems to be happening with payment services.
For India, although Trinidad and Tobago may seem to be very small market with only 1.3 million persons, the country can be viewed as the Gateway to the Americas, offering a collective market of some 590 million persons in Latin America and the Caribbean.