Latin AmericaRSS

Financial innovation in LatAm calls for open collaboration with start-ups

Andres Fontao, Finnovista

Fintech is upending the way we understand the financial sector in Latin America; financial services are experiencing deep transformations as a result of start-ups’ love for change driven by new technologies.

Nubank reaches out to Brazil’s underbanked with digital banking accounts

Brazil: rising opportunity

Brazilian fintech Nubank will soon be offering digital banking accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account.

Top fintech stories this week – 27 October 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Fintech start-up Ualá targets Argentina’s unbanked with new mobile banking service

Championing financial inclusion in Argentina

Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.

Two new core banking tech deals for Technisys in Brazil and Argentina

Technisys grows customer base in Latin America

EXCLUSIVE: Banking tech vendor Technisys has landed two new deals for its flagship core banking system, Cyberbank Core, and digital channels software, Cyberbank Omnichannel.

PayU pioneers Mambu’s lending platform in Colombia

Mambu

PayU Colombia has become the first payments services provider globally to implement Mambu’s Software-as-a-Service (SaaS) based core banking solution. It will support PayU’s new short-term deferred payment product.

BIM, Peru’s first mobile money wallet: lessons learnt

Mobile banking in Peru

Peruvian mobile wallet BIM, described as “the world’s first fully-interoperable national mobile money platform”, will launch new services in H2 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings and loans, and micro-insurance.

Trustbank Suriname selects core banking tech from Path Solutions

Path Solutions gains first taker in Suriname

Path Solutions and its iMAL core banking system have beaten Temenos and Oracle FSS to a core banking software deal at Trustbank in Suriname.

Wipro takes over Brazil’s banking tech and services provider, InfoServer

Wipro acquires InfoServer

Wipro has acquired InfoServer, a provider of custom application development and software deployment services to banks, financial institutions and insurance companies in Brazil. India’s IT giant paid BRL 27.6 million ($8.7 million) for the deal.

Latin American banks turn to Swift for crime compliance

New addition to Swift's network

Eight central banks in Latin America have adopted Swift’s financial crime compliance solutions to combat financial crime. The central banks of Belize, Bolivia, Costa Rica, Curacao, Dominican Republic, Ecuador, Haiti and Paraguay, have implemented the solutions, including Swift’s KYC registry and sanctions screening. Some of the banks have also endorsed the adoption of the KYC […]

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