Catering to immigrants became a sizeable business for Latin American fintechs, a segment frequently overlooked by traditional institutions.
Fintechs in Mexico draw funding to cater to underbanked SMEs and individuals. Kapital tapped $65 million, while Stori secured $50 million.
FedNow is almost here. Some are concerned innovation for the new payment rail may cause the divide between small and larger banks to widen.
Fintechs in Mexico take on the challenge of competing with banks, in a country that lags most Latin American peers in financial inclusion.
Last year, 16 fintechs were authorized in Mexico. Among them, Albo, Belvo, Todito Pagos, Mercado Pago and Femsa's Spin by Oxxo.
Fintechs in Latin America market high-yield saving accounts to win customers off from traditional financial institutions.
As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
·
Self-service finance is here, but the technology needs room to grow before consumers will fully embrace it. In the age...
First Citizens Bank has acquired part of the failed SVB, announced the FDIC yesterday.
Earned Wage Access has, until now escaped the confines of sector-specific regulation. Nevada has stepped up to change that.