Portugal’s Roadmap for Innovation and Economic Expansion

These forecasts highlight how organizations are leveraging new technologies to address challenges and capitalize on opportunities in a rapidly evolving digital landscape.
For Portugal, these trends present significant opportunities to modernize industries, enhance competitiveness, and boost economic growth. The banking sector is expected to undergo profound transformations driven by regulatory changes, geopolitical volatility, and increasing consumer demands for convenience and personalization.

Investments in cloud and edge computing will streamline real-time transactions and international payments, but legacy systems remain an obstacle. Portuguese banks will need to prioritize operational resilience and innovation to compete with fintech and neobanks through advanced digital solutions.

They will rely heavily on AI for fraud detection, compliance, and cybersecurity, while low-code development platforms will accelerate digital transformations, improving agility and efficiency. These advancements can help Portugal’s financial institutions attract international investments and enhance customer satisfaction, strengthening the country’s position as a financial hub.