Mastercard has teamed up with Urban FT and the payment services subsidiary of the Independent Community Bankers of America to...
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
This acquisition consolidates Yaydoo's position as the largest provider of payment solutions in the Latin American B2B market.
The bill is aimed at cracking down on illegal activity around cryptocurrencies and also reduce operational risk for fintech companies; the central bank will be responsible for the new regulations if they are signed into law; the proposed law also encourages open banking through APIs although other details are not known until the secondary laws are unveiled by regulators; Mexico is currently a fast growing market for fintech according to recent data from Deloitte. Source
Mizuho Financial Group is looking to invest several billion dollars over the next five years, targeting fintech in Asia; the...
Mexican fintech Clara relocated its headquarters to Brazil in an effort to claim a share of its massive digital payments market.
Through its platform, Solvento seeks to build a stronger supply chain through reliable, flexible, and easy-to-use financial solutions.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
Ahead of his presentation at LendIt Europe 2017, Richard Peers, Director of the Financial Services Industry at Microsoft discusses fintech with Verdict; provides his perspective on artificial intelligence, blockchain, cloud computing, challenger banks, why London is a great place for startups, and what firms can learn from the Chinese market. Source
Citigroup reported that the number of customers using its mobile app rose 25% to 10 million from the first quarter...