In the latest edition of Finnovista FinTech Radar Colombia, 90 new startups have been identified in the country, signaling a vibrant and burgeoning FinTech landscape. However, the environment is not without its challenges, as indicated by the cessation of operations by 50 Colombian startups in the analyzed period, translating to
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
With the digital user base skyrocketing from 8 million to 25 million between 2018 and 2022, it’s clear that the traditional banking framework has metamorphosed to cater to contemporary, digitally-savvy consumers.
AI stands at the forefront as a transformative technology that can aid banks in navigating this complex landscape. It promises rapid product development, scalability at reduced costs, and advanced credit risk assessments. Yet, with great power comes great responsibility.