Fintech funding round-up: 27 February 2018
From the US to Brazil – stars Pagaya Investments, C2FO and RecargaPay.
Brazil
Santander and Ripple to launch blockchain-based consumer payments
Santander will launch DLT-based international payments for retail customers in Spain, Brazil, Poland and the UK.
Brazil’s Banpará Bank enters video banking realm
Implements TrueConf’s video conferencing solution into its first branch.
Moneycorp expands with acquisitions in Brazil and UK
The Moneycorp Group will acquire Brazilian foreign exchange business Novo Mundo Corretora de Cambio, and UK-based currency firm First Rate FX.
Nubank reaches out to Brazil’s underbanked with digital banking accounts
Brazilian fintech Nubank will soon be offering digital banking accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account.
Two new core banking tech deals for Technisys in Brazil and Argentina
EXCLUSIVE: Banking tech vendor Technisys has landed two new deals for its flagship core banking system, Cyberbank Core, and digital channels software, Cyberbank Omnichannel.
Brazil’s central bank mulls new rules to boost fintech
The Central Bank of Brazil is eyeing up new regulations this year to oversee and assist fintech firms across the nation, according to Reuters. In a Reuters interview with the bank’s director, Otavio Damaso, he says increased innovation and a growing number of fintechs are all “very positive” for the efficiency of Brazil’s financial system. […]
Wipro takes over Brazil’s banking tech and services provider, InfoServer
Wipro has acquired InfoServer, a provider of custom application development and software deployment services to banks, financial institutions and insurance companies in Brazil. India’s IT giant paid BRL 27.6 million ($8.7 million) for the deal.
Tesco Bank suspends online transactions due to cyberattack
UK-based Tesco Bank has revealed that 20,000 of its customers had up to £2,000 stolen from their accounts in a cyberattack. As a result, all online transactions have been frozen for 24 hours until the situation is bank “under full control”, according to Benny Higgins, Tesco Bank’s CEO.
Elo and Discover mark “first” transaction for global network boost
Elo, the “first” 100% Brazilian card brand, conducted its first international transaction in the US on the Discover Global Network. This transaction marks the official acceptance of the Elo Global Card in the US. The cards are issued by Banco do Brasil, Bradesco and Caixa Econômica Federal, and will be used for international purchases and […]
Samsung Pay launches in Brazil
Samsung Electronics will roll out Samsung Pay in Brazil tomorrow (19 July), the first market in South America to introduce its mobile payment service. The service will launch with “major issuers” including Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro and Santander. Additionally, Samsung says it is working with other bank partners including Banrisul, Bradesco, […]
Neon aims to light up banking in Brazil
Brazilian online bank Neon has launched – offering accounts only accessed through a smartphone. The bank, founded by 24-year-old entrepreneur Pedro Conrade, is targeting the millennial crowd and its goal is to reach 100,000 active customers in its first year of operation. Neon says it will be the first bank in Brazil to use biometric […]
Brazil-based digital bank Banco Original live with new treasury tech
Banco Original, a pure-play digital bank in Brazil has gone live with a new treasury management system, OpenLink’s Findur. The vendor says the implementation was completed in ten months. Findur is the bank’s new cross-asset and treasury solution, integrated with internet banking and handling a range of financial products such as bank certificate of deposit […]
Wincor Nixdorf targets Brazil retail banking market
ATM maker Wincor Nixdorf is to expand its ATM business in Brazil, following a deal with Brazilian hardware company Perto. The deal comes as the BRIC market expands its retail banking infrastructure to serve the growing middle class of Brazilian society.
Brazil capital markets spending set to rise as LatAm surges forward
Brazil’s capital markets IT spend is expected to reach $2.6 billion by 2017 as the country seeks to modernise its financial institutions, improve post-trade processing and integrate with global markets. The transformation creates both challenges and opportunities for foreign financial services companies in Latin America’s largest market, according to a new report by analyst firm Celent.
Brazil overhauls derivatives market
Brazil’s BM&F Bovespa exchange has begun a major new project to bring all of its four clearing houses onto a single technology platform. Billed as the “world’s largest clearing project”, the Brazilian derivatives market – one of the world’s largest – has been moved first.
ICAP connects with Perseus for Brazilian HFT service
Broker ICAP will use high-frequency trading infrastructure from specialist Perseus Telecom as it seeks to expand its coverage across Brazil and Latin America. ICAP is already active in the region, where it connects to São Paulo and Mexico City. The Perseus LiquidPath service provides connectivity, hosting, consulting, and real time monitoring, and includes HFT services […]
NFC at heart of Brazilian bank’s mobile payments plans
Brazilian banking group Bradesco is planning to roll out NFC mobile payments across Brazil by summer 2014, through a partnership with mobile operator Claro and technology provider Giesecke & Devrient.
Challenger ATS Brasil prepares to take on BM&F Bovespa “super monopoly”
After nearly a decade of trying ATS Brasil is finally poised to launch an equities trading venue, bringing competition to Latin America’s largest market for the first time in many years.
Portugal’s CGD Securities embraces cloud connection to Brazil
Portugal’s Caixa Geral de Depositos bank is planning to grow its trading business in Brazil, using a hosted service provided by SunGard.
Santander and iZettle launch in Brazil
Swedish payment company iZettle and Spain’s Banco Santander have launched a new ‘social payments’ system in Brazil, which is designed to help small businesses take card payments with Apple and Android smartphones and tablets.
CaixaBank targets Brazilian payments market
Spain’s CaixaBank is planning to target Brazil’s payments industry via a new joint venture with US transaction processing firm Global Payments that builds on the bank’s experience of digital channels its home market.
Brazil financial services reforms bring foreign investor promise
As Brazil gears up to host the World Cup next year and the Olympics in 2016, a clutch of government reforms hold high promise for the country’s financial infrastructure, according to Aldo Mendes, deputy governor, monetary policy at Brazil’s Central Bank.
Brazil brings mobile payments home
Brazil is to gain its first ever mobile payment service this month, with the launch of a joint service provided by Spanish and South American telecom firm Telefónica and MasterCard.
Brazil’s BM&F Bovespa adopts Nasdaq surveillance tools
Brazilian exchange BM&F Bovespa has installed a new market surveillance system from Nasdaq OMX, which it says will help ensure the safety of all market participants on the Brazilian market.
Latin American markets looking for international investors to boost liquidity
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.
Rising stars dominate World Exchange Congress
Emerging markets Brazil, India and Turkey took the spotlight at yesterday’s World Exchange Congress event in London, as senior executives highlighted rising technological investment, growing competition and successful index performance.
