#TopNews: Here are the key developments this week in digital banking and fintech in Latin America
Oyster closes $ 14m investment round
The Mexican fintech that will offer financial services to freelancers, startups and SMEs in Mexico has closed a substantial investment seed round for US $ 14 million thanks to the participation of SV Latam Capital, Monashees, Fintech Collective, and more.
Colombia prepares regulation for the payments ecosystem
The Financial Regulation Unit of the Ministry of Finance in Colombia (URF) is preparing a decree in order to promote a payments ecosystem where banking and non-banking players can interoperate without conflicts of interest.
Fintechs in Latam face new challenges
An exploratory analysis published by Chilean Tiaxa -fintech focused on the development of advanced analytics and big data- on the fintech sector in Latin America reveals the problems they face during this critical period, from high delinquency rates (up to four times their initial value), the cybercrime that accompanies the rise of the e-commerce, phishing scams, and more.
QuickBooks and Bien para Bien join forces to support Mexican SMEs
The management and billing platform in the cloud – QuickBooks-, together with the Mexican loan fintech -Bien para Bien- have just formed an alliance to grant SMEs in Mexico the necessary financing to sustain their operations, as well as to help them in managing resources.
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Wanted: Financial services for on-demand workers and platforms
Insurtech startups move away from distribution and lead-gen
The key fintech and digital banking news this week
No-touch card transactions soared in 2020 – and huge growth potential remains
Exclusive interview with Mastercard’s president for Latin America and the Caribbean
BCi hopes to generate new distribution channels through APIs
- Brazilian banks launch APIs, open banking strategies
- Credicorp targets Chilean retail banking market with app launch
- Open Banking in Chile: Security and APIs, keys to success
- BBVA: Chatbot usefulness is growing
- CoDi: Citibanamex readies data centers for opportunity
- LatAm fintech investors retreat to pockets of safety amid pandemic