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Tag: Financial

Fintech: And what about regulations and cyberattacks?

The financial institutions that are in the alternative scheme of the Interbank Electronic Payment System (SPEI), as a result of the cyber attacks, would be outside the application of the Digital Collection scheme (CoDi), reported the Bank of Mexico (Banxico). Everyone’s getting regulated The director of the Payment System of…

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Technologies such as Facebook’s Libra will be especially “painful” for traditional banking

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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Support to the development of startups that contribute to the modernization of the financial system

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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Entry of large technology poses risks to financial services

Technological giants such as Alibaba, Amazon, Facebook and Google could become dominant participants in financial services of payments, savings and funding, if global joint work is not done among regulators, supervisors and legislators, warned the Bank for International Settlements (BIS, by its acronym in English). “It is imperative that global…

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What Fintech have been doing in terms of financial inclusion

Traditional banking and technology based financial companies commonly referred to as fintech maintain a war that seems to have no end. The camera that groups these companies, where Mercado Pago stands out, came out to respond with harsh criticism from the banks, who have been insisting for some time now…

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An alliance ensured the promotion and development process of Fintech and Insuretech

Much is spoken worldwide, Latin American and national, of the great challenges facing the financial sector in the current times. One of them is to adapt to the digital revolution driven by new business and the requirements of customers in the field. In this line, in Chile, the first investment…

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The cryptocurrency of Facebook will be an alternative to the existing banking system

A few days ago, Facebook announced what will be its own cryptocurrency, Libra. And with it also its digital wallet option, Calibra. For Libra to become a reality from next year, Facebook has partnered with 28 major companies, among which there is no traditional banking partner, forming the Libra Association,…

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All about fintech in Switzerland: The banks have fate in their hands

Thanks to excellent conditions, the fintech industry in Switzerland is growing dynamically, as a study shows. She finds clear words on the prospects for the banks: further development or irrelevance. Martin Hess is Head of Economic Policy at the Swiss Bankers Association The Institute for Financial Services Zug (IFZ) notes…

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Fintechs: Dedicating services to improve digital payments systems

In the face of the critical sociopolitical situation that Venezuela is going through. You might believe that it is a difficult task to consider the possibilities of financial technology have an opportunity to reflect with Empresas Fintech in Venezuela. However, surprisingly in our country it is not so difficult to…

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