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FinTech Market Map Chile 2023

FinTech Market Map Chile 2023

In the latest edition of Finnovista Fintech Radar Chile, a striking development emerges in the Chilean fintech scene with the identification of 121 new startups, underlining an energetic and evolving digital finance market. However, the industry also witnessed a significant challenge: a mortality rate of 21.2% over the past

Revolut's Rebrand and FTX's Night of Battling a $1 Billion Crypto Robbery Attempt

Revolut's Rebrand and FTX's Night of Battling a $1 Billion Crypto Robbery Attempt

Good morning! As the trial of FTX's disgraced founder Sam Bankman-Fried enters its second week, I'll start todays news update with two related crypto stories: The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers. FTX's

Brazilian Instant Payments system Pix is setting mind blowing records🤯

Brazilian Instant Payments system Pix is setting mind blowing records🤯

Good morning! In a vital financial maneuver, UK "challenger" bank Metro Bank has secured its future amidst unsettling reports and share slumps by acquiring £325m in new funding and refinancing £600m of its debt. Jaime Gilinski Bacal, the Colombian billionaire, becomes a pivotal player, holding a 52% stake

Incorporation of Blockchain Technology in Brazil’s National Identity Card Issuance

Incorporation of Blockchain Technology in Brazil’s National Identity Card Issuance

In a major step towards ensuring robust security and transparency in identity verification processes, Brazil has initiated the use of blockchain technology for issuing its National Identity Card (Carteira de Identidade Nacional - CIN). Implemented by Serpro, this innovative approach encompasses the new version of the Shared Registry of the

Metro Bank Secures Future with £325m in new funding, as well as refinancing £600m of debt

Metro Bank Secures Future with £325m in new funding, as well as refinancing £600m of debt

In a pivotal move, Metro Bank, the UK-based "challenger" bank, has successfully maneuvered through its recent financial predicaments by securing £325m in a deal that's being hailed as the advent of a "new chapter" for the institution. After unsettling reports last week speculated on

PayPal Entangled in Anticompetitive Practices Lawsuit

PayPal Entangled in Anticompetitive Practices Lawsuit

Happy Monday! PayPal faces a class-action lawsuit led by law firm Hagens Berman, accusing it of anti-competitive practices through its anti-steering rules against more economical payment platforms, such as Stripe and Shopify. The suit alleges that PayPal's merchant agreements, which inhibit merchants from offering cheaper payment alternatives or

Digital Wallets vs. Embedded Finance: A Closer Examination

Digital Wallets vs. Embedded Finance: A Closer Examination