👀 NEWS HIGHLIGHT
Nubank is launching one more type of secured loan for its customers in Brazil: the FGTS-backed loan. The new product aligns with the company’s plan to expand its secure credit offering in 2023 and is gradually being made available to the eligible customer base.
📰 ARTICLE
The journey begins with an important regulatory initiative back in 2003, when ANS (National Healthcare Agency) in collaboration with IDB (BID for the Brazilians) created TISS - a the mandatory standard for electronic healthcare data exchange. In 2012 it became mandatory for all healthcare insurance companies to adopt TISS, digitalizing and standardizing billing.
💡INSIGHTS
The details come from their official "PIX Management Report" released a few weeks ago here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Inviu is rapidly expanding its footprint across Latin America.
⭐️ Stable has introduced a new credit card in collaboration with Pomelo.
⭐️ Bitso is searching for a new country manager in Colombia following the departure of its leader, Emilio Pardo.
⭐️ Visa launches global cross-border money movement package.
BRAZIL
Iniciador has secured approval from Brazil's Central Bank (Banco Central) to offer payment initiation services (ITP).
Bradesco has successfully completed its inaugural interbank transfer using Drex, a digital version of the Brazilian Real, concurrently with two financial entities: Caixa and Inter.
Caliza launches in Brazil to help banks and fintechs provide access to US economy. Financial institutions outside of America don't make US dollar accounts widely available to individuals or small businesses because of cost and complexity.
COLOMBIA
Mibanco is collaborating with Belvo, Colombia's top open finance platform, to enhance financial inclusion in the country.
MEXICO
Klar accumulated over 1.25 billion pesos in deposits, projecting approximately 3 billion pesos by the end of the year.
Stori has obtained approval from the National Banking and Securities Commission (CNBV) to acquire the license of the popular financial institution MasCaja.
Syscap secures USD $2.3M in funding to expand its platform for non-banking lenders in Mexico, streamlining private credit access and management.
Paymentology announces its partnership with Nelo, a consumer payments platform in Mexico, to support its Mastercard in-person payments via Billetera de Google in Mexico and the launch of physical cards.
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.