A report from LexisNexis Risk Solutions finds that lenders’ desire for increased financial inclusion is a driver behind the increased use of alternative data. LexisNexis Risk Solutions’ Alternative Credit Data Impact Report is a nationwide survey assessing alternative credit data’s adoption, utilization, and impact on credit portfolio growth and management in consumer and SMB lending. […]
The concept of embedded finance isn’t new — think of a private-label credit card offered by a department store — but the modern distribution model that marries financial services with an established business’s sales environment is emerging as a global payments force. That’s the primary takeaway from a January report by DECTA, a global payment […]
Zenus Bank, a digital bank based in Puerto Rico which offers U.S. bank accounts to non-citizens, has recently announced the acquisition of Fuex, a LatAm-focused payments fintech that it defines as strategic to its regional expansion. Mushegh Tovmasyan, Founder and Chairman of Zenus Bank. Fuex, also based in Puerto Rico, markets APIs that enable real-time […]
On today’s episode, I’m joined by Ron Benegbi, Founder & CEO of Uplinq. Ron and I discuss his history of entrepreneurship and how it ties closely to his family’s journey as immigrants. We talk about the SMB credit score, the shifting definition of small business, the overuse of as-a-service, getting more lenders to yes, fraud detection as […]
The pioneers in the fintech lending space are now well-established companies that have been in business for 15 years or more. Many millions of customers have been served and yet many (most?) consumers are still struggling with their finances. One of these pioneers is working hard to change that. My next guest on the Fintech […]
Close your eyes and imagine it’s a decade-plus ago. You’re opening a mailbox stuffed with flyers, bills, and perhaps a postcard. Among the items delivered by the postman: opt-out credit pre-approvals for a credit card and a car loan, perhaps. Those pieces of paper, like many items once delivered by mail, come less often now […]
BTG Pactual, Latin America’s largest investment bank, launched BTG Dol, a stablecoin issued through Mynt, the bank’s crypto platform. This is the world’s first dollar-backed stablecoin issued by a bank. “Once again, we have innovated in the use of financial technology in favor of our customers. By purchasing BTG Dol, investors have access to the […]
While it is no surprise that recent market shenanigans have caused investors to shed their cryptocurrency holdings, some are leaving the asset class more than others. This is among the findings of recent research conducted by the Financial Health Network. Angela Fontes Vice President of Policy and Research Angela Fontes said the Financial Health Network […]
Mexican lender Grupo Financiero Banorte is preparing to launch Bineo, a digital bank that aims to incorporate 3 million customers in Latin America’s second-largest economy. The neobank, which will operate independently of Banorte, will launch “at the beginning of next year or the end of 2023,” an officer from the institution confirmed to Fintech Nexus. […]
Ripio, a crypto infrastructure startup, has partnered with Mercado Pago Chile and the Colombian digital wallet FinZi to expand operations in LatAm. According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps. These new launches in Chile and Colombia strengthen Ripio’s B2B vertical. […]