Empowering Financial Institutions in LATAM: How to Secure Mobile Applications with Lower TCO and Higher Business Value

Written by

Published on

The financial landscape in Latin America (LATAM) is undergoing a transformation. From Colombia to Chile, banks and fintechs are racing to meet customer demands for faster, safer digital experiences. At the same time, regulators are tightening their grip on compliance, while cybercriminals are becoming more sophisticated than ever.

For financial institutions in LATAM, this isn’t just about keeping up—it’s about staying ahead. Mobile security has become the backbone of trust, resilience, and long-term growth. But here’s the challenge: how do you achieve world-class protection without breaking the bank or slowing down innovation?

The LATAM Financial Threat Landscape

Digital banking is now mainstream in LATAM. Over 70% of financial transactions in the region happen through mobile-first platforms. But with opportunity comes risk.

Cyberattacks are escalating:

Fraud schemes like mobile malware, app repackaging, and overlay attacks are on the rise.

Regulators are demanding more:

From Brazil’s LGPD to Mexico’s Fintech Law, compliance frameworks are stricter than ever.

Consumer trust is fragile:

A single breach can lead to years of reputational damage.

Here’s a snapshot of regulatory pressure across key LATAM markets:

CountryRegulatorKey Mandates
ColombiaSuperintendencia FinancieraData protection, cybersecurity
BrazilBanco Central + LGPDSecure authentication, privacy, resilience
MexicoCNBV + Fintech LawAPI security, fraud detection
ArgentinaBCRA + Habeas DataTransaction integrity, privacy
PeruSBS + Data Protection LawKYC, anti-fraud, operational risk
ChileCMF + Data Protection LawIncident response, SDLC compliance

For financial institutions in LATAM, these aren’t optional checkboxes—they’re survival essentials.

Why Traditional Security Falls Short

  • High integration costs that eat into budgets
  • Limited visibility into real-time threats
  • Delayed releases, as protections need rework with every update
  • Poor user experiences when security measures slow down apps

In a fast-moving LATAM market, these roadblocks are more than frustrating—they’re dangerous.

Dove Runner’s app security: Security Without Compromise

Key capabilities that matter for financial institutions in LATAM:

Stops reverse engineering cold

Anti-Tampering:

Blocks cloning, injection, and repackaging attempts

Detects rooting, hooking tools like Frida/Magisk, and emulator abuse

Stops overlay attacks, keyloggers, and auto-clickers

Real-Time Visibility:

See live attacks as they happen

Zero Performance Trade-offs:

Users enjoy seamless experiences

The Business Value for Financial Institutions in LATAM

Security shouldn’t just protect—it should pay off.

Value DriverImpact with Dove Runner
ComplianceReady for PCI DSS, GDPR, LGPD, MASVS
Risk ReductionMitigates up to 95% of pre-production vulnerabilities
Fraud PreventionBlocks overlay, credential theft, automation tools
User ExperienceNo crashes, no delays—just secure transactions
AgilitySecures new builds instantly, no developer rework
Lower TCOZero integration costs, zero additional headcount

Why This Matters in LATAM

The stakes are high:

  • Average breach cost for financial institutions in LATAM: $2.9M USD
  • Recovery time: Over 90 days
  • Customer churn: 15–25% after a major breach

But the upside is powerful. For every $1 spent on Dove Runner, banks and fintechs can save up to $10 in fraud losses, breach recovery, and rework.

Real-World Example: A Brazilian Digital Bank

A digital bank in Brazil faced a surge in overlay attacks and repackaged APKs leaking customer credentials.

What changed with Dove Runner?

  • Fraud attempts fell by 87% in just 60 days
  • Achieved full compliance with LGPD and BCB mandates
  • Reduced breach risk by more than 80%
  • No disruption to app performance or customer experience

TCO Advantage Across LATAM

Cost ComponentTraditional SecurityDove Runner app security
SDK Integration$25,000+ per platform$0
Professional Services$15,000–$40,000$0
Developer Training1–2 weeks<1 hour
Rework Per Update2–5 sprints/yearNone
Threat VisibilityLimitedReal-time, centralized

The math is clear: financial institutions in LATAM can secure more while spending less.

Final Thoughts

For financial institutions in LATAM, mobile security is no longer a “nice-to-have.” It’s the difference between compliance and penalties, trust and churn, growth and stagnation.

With Dove Runner’s app security, banks and fintechs gain:

  • Instant compliance readiness
  • Real-time fraud and threat visibility
  • Agility to release faster
  • The lowest total cost of ownership in the market

In a region where digital trust defines success, securing your apps isn’t just about technology—it’s about protecting your business, your customers, and your future.📍 Ready to secure your mobile banking app?
Visit www.doverunner.com or contact us at contact@doverunner.com.

Resources for Effective Security

효과적인 보안을 위한 리소스

아직 망설여지시나요?
강력한 보안 솔루션을 직접
경험해 보세요!

Still not convinced? Experience our powerful solutions for yourself.

Scroll to Top