Financial institutions have access to a vast amount of customer data, including account information, transaction history, and credit scores. However, much of that data is siloed by different payment platforms and networks and out of reach when fraud teams need it most. Banks can address this data drought problem by finding ways to modernize their tech stack, getting creative with existing rails, and leaning on providers to gain scale.
Revenues in fintech are projected to grow three times faster than the traditional banking sector. Here are three ways banks can prepare for their digital future.
EY Nexus for Banking Powered by MoneyLion unites two category leaders to help banks scale with integrated digital financial solutions.
Open Finance turns three years in Brazil, and data shows it is growing at a steady pace, with over 40 million consents granted by users.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
J.D. Power's 2024 U.S. Merchant Services Satisfaction Study finds 54 per cent of small businesses accept BNPL and that those operations score the relatively new way to pay highest among payment methods, with a 744 score on a 1,000-point scale.
Digital bank G10 is the first of its kind in a Brazilian favela, low-income areas which together account for roughly 17 million citizens.
CashBack+ is a suite of products letting shoppers earn cash back on their purchases. The white-label offering is from New York-based Prizeout, whose technology integrates with credit unions' online banking systems.
Latam neobanks have weathered the capital crisis and reported a strong year of profitability while still growing their customer base.
Capstack Technologies’ founder and CEO Michal Cieplinski believes he has the antidote to the Silicon Valley Bank meltdown, and Citi Ventures agrees.