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Category: Fintech

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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Investment accelerates, but scarce seed funds still defies fintechs

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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Venture Capital puts an eye on the fintech sector

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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This is the Spanish Fintech: The loans and payments are the queens

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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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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What is the situation of fintech customers and entrepreneurs?

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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Fintech Law: Is it positive and necessary?

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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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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