#TopNews: Here’s what you need to know in LatAm fintech and digital banking this week
Nubank buys US technology company
Brazilian fintech Nubank has acquired Cognitect, a US software consultancy, as well as the Datomic database, in an effort to improve the growth and scalability of its products.
Also this week, the Brazilian startup launched an interest-free credit card in the Mexican market. The card comes with the option to make pre-payments in exchange for discounts. Nubank is starting the project with Amazon, but the idea is to add more partners.
PayPal has a new goal: cryptocurrencies
PayPal has announced that it is developing “cryptocurrency capabilities” in its products. The multinational online payments platform has offered little detail, but industry observers say it indicates a significant move for the cryptocurrency sector.
Mastercard invests in Verestro for its expansion in Latam
Verestro, a Polish fintech that develops, integrates and administers APIs for banks has just received investment from Mastercard to support its expansion in Latin America. The fintech already operates in more than 20 markets worldwide.
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Kosentus and Open Vector team up
Kosentus, an API developer, and Open Vector, an open banking consultancy, signed a deal to work together on open banking projects in Latin America and Canada.
Opportunities for fintech companies in Mexico: Startupbootcamp
Mexican fintechs have a big opportunity to improve financial inclusion, according to a new report from Startupbootcamp FinTech Mexico City along with EY. The fintech law has been a positive force for new companies in the sector, but still challenges remain.
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Changes in regulation and technology are moving financial services towards open banking in Latin America
#TopNews: Here’s the LatAm banking innovation, payments and fintech news that you need to know this week
Here are next week’s unmissable digital events for LatAm banking innovation and fintech leaders
Transfiya, a new instant payment system built by the fintech Minka with ACH Colombia, is gaining strength, but challenges remain.
Here are the unmissable digital banking and fintech webinars next week
La Curacao and RadioShack operator Unicomer launches fintech, aims to expand its QR payments and point of sale lending app across LatAm
- Coronavirus: Demand for fintech loans jumps in LatAm
- Empty queue for Mexico Fintech Law registrations
- Gut renovation: Banco Galicia’s digital strategy
- WhatsApp Pay suspended; Falabella launches digital account; Rappi, Banorte join forces
- Digital banking accelerates in Peru
- HSBC Mexico’s digital strategy: New app, QR codes, and your Facebook likes