FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Chile
LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
BancoEstado picks Entrust solutions for identity and card issuance
The Chile-based bank has turned to its existing supplier for cloud-based authentication.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Chilean digital lender Mento goes live with Mambu’s tech
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
Mercado Libre muscles into Chilean paytech space with Redelcom acquisition
Mercado Libre says it is looking to “consolidate its value proposition in Chile”.
Top Chilean lender BancoEstado picks Mambu for digital core revamp
Mambu hails choice from market “plagued by legacy systems”.
Chile’s BancoEstado falls victim to ransomware attack
The hackers are believed to be criminal cybergang REvil.
Banco Ripley goes live on Temenos Transact
The two firms completed the implementation remotely.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
Transbank chooses AEVI to overhaul its in-store checkout for Chile’s merchants
The bank support firm wants to make integrations easier for merchants.
Paytech Allpago powers on to Chile
PSP will help international merchants to accept local cards.
An overview of neobanks in Latin America
To tackle financial inclusion, LatAm’s banking industry needs to undergo changes and disruption.
How Latin America’s fintech market could exceed $150bn by 2021
The rise and rise of LatAm fintech.
Banco de Chile loses $10m and 9,000 hard drives in hack
The bank reports it was forced to disconnect every PC and terminal.
Santander café branches in Chile include Zytronics biometric touch screens
Is it a bank? Is it a café? It is both!
.@OphelosHQ partners @Plend for ethical debt resolution Ophelos’ machine learning platform will enable Plend to su… twitter.com/i/web/status/1…
US #fintech @current launches platform API with @Plaid as first partner Current’s platform API enables fintechs to… twitter.com/i/web/status/1…
UK challenger @atom_bank hires Andy Sturrock as CTO Atom Bank’s new CTO wants to take the bank's technology "to th… twitter.com/i/web/status/1…
.@CommBank-backed money app Kit enters trial phase Kit is available in trial mode to 5000 people living in Austral… twitter.com/i/web/status/1…
.@finbourne hires Robert Byrne as CTO The appointment follows the company’s recent expansion into North America an… twitter.com/i/web/status/1…
BaaS start-up @unit_co_ raises $100m Series C, reaches $1.2bn valuation The company intends to use the capital to… twitter.com/i/web/status/1…
Thank you for tuning in to the 2022 Banking Tech Awards USA. Congratulations to all the winners and highly commende… twitter.com/i/web/status/1…
Category: Editor's choice Winner: @NymbusCore