Mexican challenger bank Albo raises $7m
Series A funding round led by Mountain Nazca.
Series A funding round led by Mountain Nazca.
To expand in Mexico and neighbouring markets.
The bank’s corporate venture arm picks a paytech.
Camel is the financial arm of e-commerce firm DHgate.
New funds will help power international growth for mobile payment services specialist Ondot.
Applications are open until 10 December.
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Symitar core banking system out, Corelation’s Keystone in, at Pennsylvania State Employees CU.
Setting fintech standards for Central and South America.
Will use Visa Direct, its real-time push payments platform.
The rise and rise of LatAm fintech.
Launch involved teams from Spain, US and Mexico.
Between $15-20m taken from at least five Mexican financial groups.
First to enable digital and mobile banking for credit union members.
Openpay has a network of more than 17,500 associated points of sale in the country.
SaaS-y engine provider partners with Mexican system integrator.
Startupbootcamp has unveiled the launch of Startupbootcamp Scale, an innovation programme for growth stage start-ups in emerging markets.
Fintech is upending the way we understand the financial sector in Latin America; financial services are experiencing deep transformations as a result of start-ups’ love for change driven by new technologies.
BBVA has launched Urban Discovery, an interactive tool open to everyone that analyses the cities of Madrid, Barcelona and Mexico City through the prism of their commercial activity. The bank says the analysis led to the creation of new maps that redraw urban borders and identify the most touristic and residential areas or those where […]
Banco de Mexico, the country’s central bank, is replacing its legacy risk management software with Finastra’s Fusionrisk.
BBVA Bancomer, a fully owned subsidiary of BBVA, has acquired Mexico-based payments start-up Openpay to tap into its network of more than 15,000 payment reception points across the country. Openpay offers a platform for physical and electronic payments for businesses via its real-time Paynet network. According to BBVA, the start-up manages more than one million […]
BBVA has announced the completion of “the first real-life implementation of an international money transfer using Ripple’s new distributed ledger technology (DLT)”. The transaction, which ran on BBVA infrastructures with real money, resulted in money moved between Spain and Mexio “in a matter of seconds”.
Mexico-based CIBanco has signed for a compliance services suite from Swift, which comprises compliance analytics and sanctions screening tools and KYC Registry.
Uber has teamed up with MasterCard and Mexico’s first online bank, Bankaool, to launch its own debit card. The latest deal is Uber’s ride deeper into the fintech space. It recently partnered with Standard Chartered to offer the bank’s credit cardholders cashbacks on Uber rides. The UberCard in Mexico is linked to a Bankaool bank […]
Mexico’s third-largest Bitcoin exchange, MeXBT, has gone offline without any prior warning – leaving its users confused. The firm’s website has gone and now just says “the page you are looking for cannot be found”. Its Twitter account is slightly more helpful and says (in Spanish) the platform has been suspended temporarily and it needs […]
Spanish biometrics firm FacePhi has signed a new contract with Mexico’s Banco Inbursa to implement its face recognition technology on mobile banking apps and web platforms. This is the company’s ninth contract in total. FacePhi says Banco Inbursa becomes the first financial institution in Mexico offering facial recognition authentication to its clients, “just by taking […]
Canada’s Scotiabank named key components of its technology and operations strategy at the recent annual meeting of shareholders. These (unsurprisingly) focus on digital transformation, technology investment and the simplification of its organisational and operating models, as the nature of work and roles change. Brian Porter, president and CEO of Scotiabank, said that “a comprehensive change […]
Banco Santander is to begin using services provided by ATM maker Wincor Nixdorf to support its Mexican subsidiary. The services cover monitoring, maintenance and troubleshooting.
A new stock exchange, Bolsa Institucional de Valores, is planning to launch in Mexico, creating competition for Latin America’s second largest stock market, the BMV. The exchange, currently waiting for final regulatory approval, will use Nasdaq’s X-stream trading platform.
After many years of struggle, Mexicans may be about to snatch the crown of Latin America’s most promising financial services market from their Portuguese-speaking cousins in Brazil.
Cross-border payments company Earthport has launched two new routes into Mexico and Colombia, as part of a drive to open up Latin America for faster, more efficient and transparent payments.
New trading systems in Brazil and Mexico are prompting high hopes that Latin America’s two largest markets will attract more international investors and grow their liquidity base, according to panellists at the TradeTech conference in London.