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Mexico’s fintech success: How tech is driving the population to banking

TechCrunch

Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations. The move comes as Mexico’s fintech ecosystem flourishes so fiercely that traditional banks have to embrace them or risk lagging behind.

Fintech 232
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Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. But when it comes to intra-organizational processes, challenges arise due to process design and lack of mutual trust. Benefits of Blockchain in banking.

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The targeted approach to cloud and data CIOs need for ROI gains

CIO

We’re in publishing, but it’s the accompanying services that differentiate us on the market; the technology component is what gives value to our business.” Much of this growth is driven by investments in AI technologies, and IDC also expects cloud infrastructure spend to increase 26% compared to 2023.

Cloud 179
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Fintech Roundup: Due diligence makes a comeback and a former Better.com employee speaks out

TechCrunch

Investors appeared to be backing some startups in part due to FOMO, and that’s not necessarily a good thing. It’s an absolutely different environment from Q4 of last year,” he said, “not just in terms of the level of diligence but also, in the access to capital. valuation to expand its business banking and payments platform globally.

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African tech took center stage in 2021

TechCrunch

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. If you recall, we released a year in review in January 2020 before we released the fiscal year of 2019 report,” he told TechCrunch. billion (~$241.35 Image Credits: Carbon.

Banking 291
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Sequoia leads $5M pre-seed in Egypt’s 1-month-old digital bank Telda

TechCrunch

The country has a high mobile and internet penetration necessary for a young and tech-savvy population with 61% below 30. It’s the same situation in MENA, where only 40% of the population have access to a bank account. Digital banks have enormous potential in the region. Image Credits: Telda.

Banking 246