Fintech startups in Latin America have reached the global front this year, attracting large funds from investors such as Softbank, and rounds of millions of dollars of capital. But the shortage of investment funds for early stages is a stumbling block for many Latin American fintech startups. Investments and fintechs…
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Mexico is considered among the first options. The fintech world in Mexico is experiencing a stage of growth, just five years ago and there was talk of technological entrepreneurship, and bringing the financial system closer to the unbanked population. Now, this vertical of entrepreneurship is the one that most excites…
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The ‘fintech’ ecosystem gains strength. In the last year, the number of this type of companies in Spain has increased by 15%, from 292 to 337 startups that develop technological solutions related to the financial sector. These data, collected in the X-Tech-Report-Spain-2019 Report prepared by the consulting firm Finnovating, reveal…
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The payments directive will reinforce the digital alternatives: “Too many European banks believe that their business model is solid”, they warn. Digital initiatives such as the recently launched Pora virtual currency, promoted by Facebook and a network of 27 other partners (including Uber, Spotify and eBay), have once again placed…
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A joint investigation released by the IMF, which revealed information on a hundred member countries, ranked Asia in the first place in the creation of fintech, while “in Latin America and the Caribbean (LAC), the new companies of fintech are growing, although from a low base”. Tech innovation Both multilateral…
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The arrival of thousands of immigrants in recent years to Chile was one of the reasons that led to the emergence of Global 66, the FinTech specialized in sending remittances that in less than a year of the launch of the platform has operations in Argentina, Peru , Colombia and…
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In Latin America there are 703 financial technology companies (fintech) that are serving 41.3% of the unbanked customers. The data shows that this type of solutions are called to support financial inclusion and transform the industry. These certainties have been part of the reasons why Panama was the headquarters of…
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Banco Santander México has described the Fintech Law as necessary and positive, to the extent that it provides certainty to both users and investors. Who is fitting in the regulation? Javier Castrillo, Deputy General Director of Transformation and Digital Banking at Santander México, commented that, according to the results of…
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Seeking to adapt to the digital revolution driven by the new businesses and the requirements of customers in the matter. The Consorcio Group agreed an investment of US $ 500,000 to around $ 350 million in the platform PagoFácil, aggregate of means of online payments. The alliance will allow the…
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The technological advances go at a speed of vertigo and do not cease to amaze us. In several Houston airport restaurants, for example, cash, paper, data sets, tableware and several employees were replaced by mini screens where you choose the menu, order the order and pay the bill charged to…
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