Digital bank Banco Inter is no stranger to taking the road less traveled. “By mentioning digital bank, I think that’s where we start our whole story of disrupting the banking experience,” said Jairo Ochoa, Inter’s Head of Marketing, in an interview with Peter Renton at Fintech Nexus LatAm 2022. The company started as a digital […]
EBANX, the fintech specialized in cross-border payments in emerging markets, published a few days ago its annual report Beyond Borders 2022/2023, which has become a benchmark for tracking online consumer behavior, innovation in payment methods, and new fintech trends in emerging markets. It is a comprehensive study carried out by EBANX’s engineers in partnership with […]
The rise in interest rates in Latin America has led to banks and fintechs cutting down on lending in the face of greater risk and economies bearing the brunt of the monetary tightening. For companies like Stori, one of Mexico’s fintech unicorns, that is an opportunity. Speaking at Fintech Nexus Latam 2022, Bin Chen, CEO […]
Here is our pick of the 3 most important stablecoin stories during the week. CBDC’s are coming but what type? This week we saw more announcements on CBDC’s research and experiments, but it is unclear if we will get a Retail (direct account with the Central Bank) or Wholesale (direct account with a Bank and regulated […]
Pix, Brazil‘s instant payment system launched in 2021, has led to a dramatic acceleration in financial inclusion efforts in the country, Carlos Eduardo Brandt, one of the masterminds behind the project, said at Fintech Nexus LatAm 2022. “In Brazil, 64 million people have made their first digital transaction with Pix,” Brandt, head of the Pix […]
It was a turbulent capital-raising year. What do experts see in the sale rack, and what are the chances of coming home a happy shopper? Mike Packer, Partner at QED Investors, spoke with Steve McLaughlin, Founder, and CEO of FT Partners, about mergers, acquisitions, and down rounds this year and beyond on the Fintech Nexus […]
Mexico is a notoriously difficult credit market. Aside from heightened levels of fraud in the area, most citizens do not have access to a bank account. According to the World Bank, over 60% of people are still unbanked. Despite over 90% of consumers registering for mobile payment services, cash dominates payments. It is here, in […]
Mastercard, a fintech before fintech was actually a thing, pioneered the most secure ways to pay. In a fireside chat on the Fintech Nexus LatAm 2022 Keynote stage Tuesday, fintech experts talked about Brazil’s contemporary Mastercard Identification ecosystem. Mastercard’s Sarah Clark, Senior Vice President, Digital Identity, said she works on the ID network, a separate […]
Two years after its launch in Latin America’s second-largest market, Nubank, the biggest digital bank in the region, is making progress in Mexico amid a highly concentrated banking industry. “The industry in Mexico is not competitive,” Iván Canales, General Manager at Nubank México, said at Fintech Nexus Latam 2022 in Miami. “Five incumbents have 80% […]
One of the biggest challenges for a fintech is to develop the technology needed to outperform the incumbents in the financial chain. For Gerry Giacomán, Co-founder and CEO of Clara, it’s all about choosing the right path for the company to take its product. “There are intermediaries in the supply chain, such as MasterCard, that […]