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In Colombia, the financial sector absorbs 94 cyberattacks per second. Identity fraud has grown 409% since 2020, 74% of breaches involve compromised credentials and the average cost per incident exceeds one million dollars. In Peru, organisations face 8,818 digital attacks per week, 62% originating in phishing campaigns that — supercharged by artificial intelligence — are now three times more effective than just a few years ago.
The root cause is always the same: traditional authentication systems verify credentials, not people. A stolen password or a cloned card is all an attacker needs to access bank accounts, critical infrastructure or sensitive data. Failing to modernise identity verification is not a neutral choice — it is a decision to absorb that risk and its consequences.
Faced with this landscape, B-FY did not arrive in Latin America with a brochure. It arrived with real conversations. During the last week of March 2026, the Spanish decentralised biometric authentication company deployed a commercial agenda across Colombia and Peru, supported by three strategic partners with deep local roots: ASISA in Bogotá, and Techcore Solutions and FOUR1 SAC in Lima.
The outcome was clear: over 67 professionals reached, 25 companies represented and three pilot project conversations opened with leading financial and healthcare organisations in Peru.
The corporate breakfast held in Bogotá alongside ASISA — a company founded in 1993 with over two decades supporting the Colombian financial sector — attracted 26 executives at a 63% attendance rate. Security officers, technology directors and financial professionals who experienced first-hand B-FY’s Authentication as a Service (AaaS) model: no passwords, no centralised biometric databases and no possibility of impersonation.
“B-FY’s technology allows us to offer an innovative decentralised authentication model that eliminates passwords, prevents identity fraud and protects user data. With this solution we take another step towards a passwordless ecosystem — more reliable and adaptable to the digital challenges of today”, said Carlos Salazar Palacio, CEO of ASISA.
In Lima, the week was equally dense. The after-work event organised with Techcore Solutions drew 34 attendees from 25 companies at a 65% attendance rate, while FOUR1 SAC facilitated one-to-one meetings with key players.
“Through this partnership with B-FY we want to bring the Peruvian market a more secure authentication model, built to face increasingly sophisticated threats while improving the user access experience", said Fernando Ramos, Regional Commercial Director at Techcore Solutions.
José Antonio Olivera, CEO of FOUR1 SAC added “We thank B-FY for the trust placed in us to build together a more human and robust cybersecurity model, aligned with the real challenges organisations face today in Peru and Latin America.”
The March events are the beginning of something bigger. Throughout 2026, B-FY and its partners in Colombia and Peru will work towards the first real deployments of the AaaS model in banking, telecoms, energy and corporate security. The region does not just need a solution — it already has one within reach.
“With ASISA, Techcore and FOUR1, we are bringing to Latin America a universal authentication model that eliminates passwords, protects privacy and guarantees security without friction. These events show that the region is ready for change, " said Sergio Lázaro, DPO – Compliance Manager & Partner Development, B-FY.
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