In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.
Big tech's dominance over the tap-to-pay sector may be stifling innovation through rules imposed by digital wallet leaders.
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“If small and mid-size banks decide not to invest in open banking, the largest banks will be able to both...
Low multiples could lead to strategic fintech M&A as companies with abundant capital take the opportunity to scoop deals.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
Toku raised $7 million to expand digital collection services in Latin America. The fintech will boost its current Mexico strategy.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.
Chilean Datamart raised $6.3 million in a seed round to expand into Mexico. Moonvalley Capital led the funding.
Kredito was founded in 2018 to create a solution that would provide "fair interest rate" loans to startups and small-cap companies.