Industry Findings: Fintech and public-sector digitization programs are creating concentrated pockets of recognition demand for voice biometrics, transaction automation and identity verification. Peruvian banks and financial services scaled AI-enabled frontline tools through 2023–2024 and national fintech reports in 2024 showed strong adoption momentum; that trend makes voice/NLU vendors who can demonstrate robustness to noisy environments and bilingual Spanish–Quechua support attractive to Peruvian customers, particularly in retail banking and last-mile service automation.
Industry Progression: Regulatory maturation is reshaping procurement criteria toward risk-classified, auditable NLP systems as Peru codifies AI oversight; Ley N°31814 (enacted Jul 2023) established a national AI governance framework and follow-on regulatory work through 2024–2025 has clarified expectations for human oversight. This legal baseline makes Peruvian public agencies and banks insist on traceable, bilingual (Spanish–Quechua) recognition workflows and human-in-the-loop controls, rewarding vendors who offer certified pipelines, dialect support, and demonstrable safety procedures for deployment in social and financial services.
Industry Players: Some of the players operating in the Peru marketplace are Telefónica Peru, Entel Peru, Interbank, IBM, Belatrix (now Globant teams), NeoBPO, and Ransa etc. Legal and regulatory clarification is moving voice biometrics and bilingual recognition into mainstream procurement; Peru’s Law 31814 (AI promotion framework) has continued implementation activity through Jul-2023 and subsequent regulatory work in 2024–2025, prompting banks and public services to prefer vendors that demonstrate Quechua/Spanish support, auditable model pipelines, and robust human-in-the-loop verification for identity and transaction workflows.