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Finnovista

LatAm
·Apr. 25, 2024

Neobank Era Ushers in New Wave of Competition in Mexico

More than two dozens neobanks are vying for digital customers in Mexico, Latin America's second-largest economy.
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FinanceNews Roundup
·Dec. 30, 2016

Finnovista Predicts Spanish Fintech Growth and Improvements for Financial Inclusion in 2017

Finnovista is a leading market advocate for fintech in Latin America and Spain; looking ahead to 2017 the organization thinks fintech will be important in promoting financial inclusion specifically with 40% of the fintech services in Latin America focused on unbanked and underbanked consumers and businesses; Finnovista's Fermin Bueno says Latin America has the ecosystem, venture capital and government support for fintech growth and financial inclusion improvements; Bueno also predicts growth in fintech will increase competition for traditional providers with 30% of traditional industry income at risk from fintech companies.  Source

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LatAm
·Jan. 8, 2024

Fintechs transform banking landscape in Argentina, reaching full population coverage

As fintechs gained traction in Argentina, financial access to accounts has become nearly universal, according to a central bank report.
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FintechNews Roundup
·Nov. 10, 2016

Brazil Becomes a Latin American Fintech Leader

Finnovista is a research and industry 'catalyst' firm that is tracking fintech growth across Latin America and Spain; in a recent report on Brazil, they track 219 fintech startups in the country, making it the most prominent Latin American country based on that metric; Mexico follows with 158 startups, then Colombia, Argentina and Chile each having 55 to 80 such startups; an infographic indicates that 26% of Brazil's fintech startups are in the payments sector, 10% in balance sheet lending (with some web presence or other innovation), 2% in true P2P lending and 8% in crowdfunding.  Source

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