The digital banking market is forecasted to reach
$9 trillion dollars by 2024 and 8% annual growth rate
In 2019, five large global banks plan to spend
$44 billion on digital transformation.
AMI identifies and explains the 6 payments megatrends in LatAm…
Improved financial services are top-of-mind for many individuals in Latin America, and online banking forms the core of many financial institutions’ (FIs’) strategies to deliver these services.
As we head towards a cashless society, what can we expect for the future of payments in Brazil?
The open banking initiatives adopted by Brazil’s Central Bank are absolutely tailwinds for fintech innovation…
An increase in the adoption of “no-tie” banking habits; that is, digital, accessible, and essentially mobile banking. 72.9% of Latin Americans surveyed choose to use online banking services…
A survey shows the penetration of digital financial services in Latin America, where Brazil and Mexico lead the charge.
Assessing post-pandemic stickiness of product subscriptions
Latin America embraces digital transformation by adapting to the new technological era we are living in…
Latin America (LatAm)’s fintech revolution continues its course this year. Several trends are emerging this year on the back of changing market dynamics, evolving customer habit and government initiatives…
Financial institutions need to determine their commitment to improving digital banking experiences and prioritize technology investments…
Last year $4.1bn of venture capital investment flowed into Latin America propelling the region to the forefront of the emerging market tech boom…
The South American market is expected to expand nearly tenfold over the next decade with open banking through the use of APIs leading the way and acting as digital transformation facilitators…
North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition…
Growing consumer credit options, cloud adoption and accommodation of local currencies are paving the way for continued SaaS growth post-pandemic…
Recent research conducted by Americas Market Intelligence concluded that banks and FinTechs need to take collective action to consolidate the growing digital finances in Latin American…
In 2020, online retail sales hit $84.95 billion, triple the amount forecast in Q4 2019. This has placed the region ahead on North America, Europe, and Asia-Pacific as the fastest growing…
Banks are entering into previously unexplored sectors, forging partnerships with fintechs, and embracing digital transformation and other services…
With consumer interest around new payment technologies, the expectation for businesses to adapt for the long term is here to stay…
Latin America presents a fertile digital landscape for banks and other financial institutions that are seeking new opportunities to expand their financial…
Open banking is creating new economies and modernizing the financial market. The benefits of this technological leap will be felt across the board…
The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking…
Brazilian banks and fintechs are taking advantage of the new instant payments system to integrate transactions frictionlessly into everyday operations…
Mexico saw eCommerce sales increase more than 40% during 2020 and is now considered the second-largest eCommerce market in Lain America…
COVID-19 is accelerating technology adoption across all industries in Latin America, the financial services sector is experiencing some of the fastest progress….
Across Latin America, the COVID-19 crisis has yielded a rare bright spot: Millions of people who were long excluded from traditional banking have joined the financial system using digital banking…
Chile’s Ministry of Finance revealed that it aims to streamline the development of its regulatory framework for Fintech and Open Banking…
Regulatory changes make it easier for people to switch current accounts, credit cards, mortgages and consumer and auto loans to new financial services providers…
The transformation is led by Claudio Yamaguti, an experienced executive in the payments market, who chaired the Network (Redecard) and commanded Itaú Unibanco’s operation…
In the past five years, banking in Latin America has undergone a massive transformation, triggered by the arrival of fintech companies offering low-cost, digital-only banking services…
Since 2016, Mexico’s fintech startup scene has seen an annual growth of 23 percent, with 60 percent of new startups receiving funding, according to the Report on Fintech in Latin America 2020….
Digital bank accounts via Google Pay: BBVA will offer interested consumers digital bank accounts through Google Pay – Customer benefits, strategic alignment: Customers will benefit from Google’s…
FinTechs are creating open banking solutions and several are leveraging application programming interfaces (APIs) to support platforms that connect banks…
Forbes has partnered with market research firm Statista to measure the best banks in nearly two dozen countries. Statista surveyed more than 40,000 customers worldwide to learn…
Latin Americans are buying on digital channels like never before. And this wave of rapid digitization is likely here to stay. Those who had not yet bought online before are being highly…
According to the latest research commissioned by Mastercard and prepared by Americas Market Intelligence, digital banking is here to stay, and today’s current pandemic is…
Lindsay Lehr was joined by Arnold Reyes, VP and Head of Digital Partnerships at Visa, and Alex Moura, VP of Product Management at Mastercard to discuss 6 mega-trends…
What innovations should be prioritized to ensure that cross-border transactions become faster and simpler while remaining secure.
By 2030, most banks will be made irrelevant, according to Gartner. Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant…
Mercator Advisory Group’s most recent consumer survey report, Credit Cards: Still the Card of Choice, reveals that consumer interest in card controls increased to 47%.
As digital payments take hold in the region, they are taking many forms. For example, mobile banks (sometimes called neobanks) offer some traditional banking services…
The evolution of Fintech in Latin America offers perfect conditions, as these innovations serve to improve public, private and personal activities. Mexico, Brazil, Colombia…
Latin America is an especially compelling region for the emergence of super apps, due to its vast population, almost 650 million, distributed in more or less similar countries…
The Gartner Hype Cycle highlights emerging technologies financial institutions should experiment with over the next year to progress their digital business and business ecosystems.
Banco Galicia is immersed in a technological transformation effort to reshape the institution based on four pillars: diffusion, experimentation, open banking and AI. (VIDEO – Spanish)
A new wave of European fintechs are planning a new invasion into banking, promising to disrupt the incumbent banking industry with nimble business models…
The promise of digital transformation is that, with the right mix of strategic focus, talent, creativity, and investment funding, the legacy bankncan morph into a high-flying, digital-first bank.
New players are emerging with technologies to address the needs of consumers and businesses alike, including digital challenger banks, payments processing firms, mobile payment apps and…
As predicted, the EMV fraud chargeback liability shift has resulted in a significant drop in counterfeit card present payment transactions. At the same time however, we see a spike in…
Banco Santander will spend EUR20 billion on digital technology over the next four years as part of an efficiency effort aimed at slashing EUR1.2 billion in annual costs.
If you’re wondering if we’ll see a financial shake-up in 2019, the answer is yes—at least when it comes to digital transformation.
The evolution and progress that has occurred regarding the measurement and analysis and the examination of new dimensions relevant to the ecosystem.
While some banks are pushing the envelope on technology-enhanced customer engagement, many are still catching up to customer demands for self-service features…
E-commerce is expected to gather pace in Latin America in the next few years and Brazilian online payments fintech EBANX wants to capitalize on the trend, by bridging the transactional gap…
The credit card market is transitioning to the next phase of competition, one where issuers not only compete to acquire new customers, but one where issuers must compete…
More and more bank owners and managers are aware of the benefits of implementing mobile marketing as part of their business strategy. According to the 2018 Guide To Financial Marketing…
With 85% of banks citing implementation of a digital transformation program as a business priority for 2018, investment in technology to…
Most cardholders have experienced it that feeling of embarrassment and frustration at the POS when a payment card is mistakenly declined due to suspicion of fraud.
Allowing consumers to control their debit card to set spending limits and turn the card on and off is leading to higher debit spending, as one payment processor reports.
Making life better for our customers can be as simple as making it easier for them to safeguard and manage their own finances. LockIt gives Regions customers more security, flexibility and convenience to ensure their cards are used how they want, when they want. LockIt was implemented using First Performance Global, an innovative technology platform that captures card transaction data in real time.
~Scott Peters, Head of Regions Consumer Services
This release reaffirms the constant pursuit by Bradesco of digital technologies that add value and facilitate the daily lives of consumers, making the client experience more secure, fast, simple and adapted to the Brazilian consumer needs and habits.
~Alexander Rappaport, CEO of Bradesco Cards
Nexus has always sought to deliver highly valuable and innovative services to our customers and shareholders. We believe this partnership with First Performance continues to demonstrate our strong commitment to excellence and will contribute greatly to improved service between our customers and their cardholders, this agreement is fully consistent within the whole company strategy.
~Gabriel Cifuentes, CEO of Nexus