US fintech giant Fiserv acquired Argentine digital wallet Yacare to ramp up its offering to clients and compete with Mercado Libre.
Mexican fintech Aplazo concluded its Series B funding round, securing $70 million, with an additional $45 million in new equity financing.
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Financial institutions have access to a vast amount of customer data, including account information, transaction history, and credit scores. However, much of that data is siloed by different payment platforms and networks and out of reach when fraud teams need it most. Banks can address this data drought problem by finding ways to modernize their tech stack, getting creative with existing rails, and leaning on providers to gain scale.
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The ten fintech firms selected will work closely with 40 plus institutions
Including AIG, Bank of America, Fidelity, & JP Morgan.
For businesses to improve customer experience it is important that data is not lost between entities in the payments chain.
CSR initiatives and certifications are getting buffeted by corporate and political polarization around "doing good" versus "doing well."
The approval of the EU's MiCA legislation highlights post-Brexit UK's regulatory shortcomings - could it be boosted?
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.