Central America’s largest banking group is deepening its role in Costa Rica’s fast-growing life sciences sector, supporting multinational medical device and specialised technology companies with financial connectivity, treasury services, employee benefits and regional advisory support

The life sciences industry has become one of the main drivers of investment, innovation and advanced manufacturing in Costa Rica, positioning the country as a regional benchmark for multinational medical device companies and specialised technologies.

Within this landscape, BAC has reinforced its role as a strategic partner to the sector through financial solutions focused on global connectivity, operational automation, talent management support and specialised advisory services.

BAC’s experience within this ecosystem has been built over decades of supporting the sector in Costa Rica. One of the key turning points was the arrival of Intel more than 20 years ago, a milestone that accelerated the development of advanced manufacturing and technology industries, and later paved the way for the rapid growth of the MedTech and life sciences sector. In line with this transformation, BAC has developed a comprehensive value proposition that has enabled it to become the leading financial partner for major organisations in the sector.

“At BAC, we have evolved towards a strategic advisory model, understanding the operational, regulatory and talent-related complexities that define this ecosystem. Our vision has been clear: to develop agile, highly specialised financial solutions that strengthen the competitiveness and operational efficiency of our clients,” said Lorena Arce, VP Corporate and Private Banking at BAC.

Solutions focused on human talent

One of BAC’s main priorities within this ecosystem has been strengthening solutions related to human talent – a critical element for organisations where attracting and retaining specialised profiles represents a strategic challenge.

Through payroll accounts, benefits programmes, preferential financing and digital platforms, BAC helps companies enhance their value proposition as employers and improve the financial experience of their employees.

“Today, organisations do not compete solely through innovation or technology; they also compete through the experience they offer their people. Providing agile, digital and secure financial solutions contributes to individual wellbeing and strengthens corporate competitiveness,” Arce added.

Financial connectivity for global operations

The global nature of organisations in this ecosystem demands financial platforms with high standards of speed, security and connectivity. In response, BAC has strengthened its technological capabilities, enabling clients to operate more efficiently and in alignment with the requirements of international corporate structures.

These solutions include SWIFT-based connectivity tools, host-to-host schemes and banking APIs that streamline payments, reconciliations, treasury processes and financial automation, contributing to faster operations with greater traceability.

BAC also complements this offering with liquidity management solutions tailored to companies with regional and global operations, incorporating tools that optimise cash surplus management and reinforce financial efficiency.

Comprehensive support with a regional vision

BAC’s support goes beyond transactional banking. Its value proposition includes specialised advisory services in corporate insurance, foreign exchange hedging strategies and regional solutions for companies with international operations and complex supply chains.

This combination of local insight, technological capabilities and regional perspective has enabled BAC to build long-term relationships with leading organisations in the ecosystem, strengthening its role as an enabler of growth for industries that drive innovation, advanced manufacturing and specialised employment in Costa Rica.

About BAC

BAC is Central America’s leading bank, with a presence in all six countries of the region. It serves more than 6 million customers – 4 million of whom are active digital users – employs over 21,000 people and supports more than 300,000 businesses. Its purpose is to “Reimagine banking to generate prosperity in the communities it serves.” Guided by the values of integrity, excellence and passion, BAC works to be a pioneer and to demonstrate that banking can maximise economic, environmental and social value simultaneously and with equal rigour.

Further information
Produced with support from BAC. To find out more about BAC’s corporate banking services and its support for businesses across Central America, visit www.baccredomatic.com

READ MORE: Talent and workforce development: how Costa Rica is building a competitive knowledge economy. As global industries become increasingly driven by innovation, digital transformation, and advanced technologies, the ability to attract, develop, and retain skilled talent has become one of the most important determinants of long-term economic competitiveness. Around the world, countries are competing not only for investment capital but for highly skilled professionals capable of supporting sophisticated industries ranging from advanced manufacturing and life sciences to software engineering, artificial intelligence, and financial technology.

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