Fintech PMI Americas takes on LATAM
Digital Payments have experienced huge growth in Latin America during COVID. Mainly because these are countries that rely heavily on cash for everyday transactions. During the Pandemic, local businesses have been forced to transition into digital payments, and fintechs were ready to serve. A combination of technology and banking relations, fintechs in general have become a bridge between banking sector and the under banked or unbanked consumers.
What Is B2B FinTech
Over the last few years, consumer fintech has been all the rage. And for good reason: consumer fintech startups have greatly improved the customer experience across many financial applications. This has led to a number of great outcomes including Intuit’s acquisition of Credit Karma for $7.1B earlier this year and Paypal’s acquisition of Honey for $4B at the end of ’19. And consumers are voting with their wallets: 14.2M Americans (6% of US adults with a checking account) now consider a challenger bank like Chime, Varo, etc to be their primary bank.
Latin American payment giant rises amid pandemic, with an eye on China’s Ant
BUENOS AIRES (Reuters) – Latin America’s top e-commerce firm is revving up its digital payments engine as shops shift online amid the coronavirus pandemic, and is looking toward China for inspiration to bring the region’s un-banked and cash-loving savers online.
Colombian fintechs fill Latin American banking gaps
When it comes to smartphone apps, banks in Latin America have been behind the curve. Movizzon, a colombian Fintech Company, is helping them to change that.
The compay buys thousands of smartphones into which it installs two apps: its own, and that of its bank clients. Movizzon’s app than thakes control of the dummy phones, loggin into the banks’ apps every cupple of minutes and making transactions, like transfering money or paying off a credit card.
Why Mexico’s SMBs Need A FinTech Operating System
Emerging markets have their own challenges when it comes to banking. Online financial platforms, powered by open banking, can serve as alternatives for business banking in a country where business banking seems an afterthought.
Three key considerations for a successful Bank/FinTech partnership
When it comes to delivering those services, forward-thinking institutions like know that partnering with the right fintech can be the most effective and low risk way to develop innovative new services quickly.
How Bank and Fintech Partnerships are Redefining the Future of Banking
Can fintech and banking play nicely together? Although traditional banks might have once eyed fintech companies with concern or suspicion, the stance of traditional financial service providers seems to be evolving.