Last year was the year of CeFi collapses. While detrimental, investigations are shedding a light on CeFi's (not DeFi's) lack of transparency.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
Fintechs have touted the importance of cashflow data in underwriting. This week, the CFPB published their evidence to support the approach.
In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.
Big tech's dominance over the tap-to-pay sector may be stifling innovation through rules imposed by digital wallet leaders.
Low multiples could lead to strategic fintech M&A as companies with abundant capital take the opportunity to scoop deals.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Chile's fintech Migrante to acquire a motorcycle loan startuup in Colombia. It also changed its name to Galgo, or "greyhound" in Spanish.
Toku raised $7 million to expand digital collection services in Latin America. The fintech will boost its current Mexico strategy.
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.