- FinTech is enabling greater financial inclusion in Latin America through services like digital banking, payments, and lending provided by startups and neobanks.
- Brazil, Mexico, and Colombia have the most FinTech startups, with Nubank being the largest unicorn at a $25B valuation.
- Government programs providing digital subsidies to citizens during COVID helped boost digital adoption rates, with 40M new accounts opened in 5 months of 2020.
- Open banking regulations are advancing in countries like Brazil and Mexico to further drive inclusion, though challenges remain in fully implementing the systems.
How Is FinTech Enabling Financial Inclusion in Latin America Nimble Appgenie LLP
FinTech brings endless opportunities and enables financial inclusion to speed up time to market for businesses and provide new accessibility to individuals. To create a new innovative Fintech of your own, experienced FinTech development companies will definitely be able to assist you. Nimble AppGenie is a global leader in this space, so we would be glad to help you with your Fintech app development.
Fintech in Ukraine 2018 (English language)UNIT.City
Introducing you the first market map of FinTech Industry in Ukraine, powered by USAID Financial Sector Transformation Project and UNIT.City.
Foreign partners, potential investors, banks often ask us about the state of any part finteсh industry of Ukraine.
Today, we present a research that will become a tool for finding partners for Ukrainian and international investors, corporations, R&D centers, journalists, startups and businesses in FinTech.
P.S. If you are creating a fintech business in Ukraine, but did not find your company on the map – write us and we will add it to the next update of this map.
This document discusses Nigeria's efforts to promote financial inclusion through digital financial services and a cashless economy. It notes that Nigeria launched a National Financial Inclusion Strategy in 2012 aiming to reduce financial exclusion from 46% to 20% by 2020 through regulatory reforms and programs. While some progress has been made, more work is needed as targets for access points like bank branches and ATMs have not yet been met. Developing a strong national identification system is seen as critical to tracking financial inclusion metrics and achieving targets.
The document provides an overview of the fintech industry in Argentina in 2017. It discusses how fintech companies are satisfying the needs of millennials and young consumers who want more convenient, mobile-first banking experiences. It also summarizes the key sectors and companies in the Argentine fintech space, including payments, lending, wealth management, and more. The document concludes by stating that Argentina presents opportunities for fintech startups, especially as the government supports entrepreneurship and various accelerators provide funding for fintech companies.
The document discusses innovative models that are expanding financial access through transformational business models like Alibaba in China and M-Pesa in Kenya. It also discusses the World Bank's goal of achieving universal financial access by 2020 through new technologies and business models. However, it notes that simply improving access to financial services is only a first step, and that bank accounts are important for full financial inclusion and access to savings, credit, and insurance. It discusses lessons from pilots on making low-income bank accounts viable and sustainable for banks through simplified products, alternative access points, and affordable pricing. Private sector buy-in is seen as key to achieving financial inclusion targets.
The Democratic Republic of the Congo offers huge market potential for technology start-ups. The political environment supports entrepreneurship and digital services. The aim of the National Digital Plan is to drive market and improve infrastructure to surge opportunities for financial inclusion.
How Is FinTech Enabling Financial Inclusion in Latin America Nimble Appgenie LLP
FinTech brings endless opportunities and enables financial inclusion to speed up time to market for businesses and provide new accessibility to individuals. To create a new innovative Fintech of your own, experienced FinTech development companies will definitely be able to assist you. Nimble AppGenie is a global leader in this space, so we would be glad to help you with your Fintech app development.
Fintech in Ukraine 2018 (English language)UNIT.City
Introducing you the first market map of FinTech Industry in Ukraine, powered by USAID Financial Sector Transformation Project and UNIT.City.
Foreign partners, potential investors, banks often ask us about the state of any part finteсh industry of Ukraine.
Today, we present a research that will become a tool for finding partners for Ukrainian and international investors, corporations, R&D centers, journalists, startups and businesses in FinTech.
P.S. If you are creating a fintech business in Ukraine, but did not find your company on the map – write us and we will add it to the next update of this map.
This document discusses Nigeria's efforts to promote financial inclusion through digital financial services and a cashless economy. It notes that Nigeria launched a National Financial Inclusion Strategy in 2012 aiming to reduce financial exclusion from 46% to 20% by 2020 through regulatory reforms and programs. While some progress has been made, more work is needed as targets for access points like bank branches and ATMs have not yet been met. Developing a strong national identification system is seen as critical to tracking financial inclusion metrics and achieving targets.
The document provides an overview of the fintech industry in Argentina in 2017. It discusses how fintech companies are satisfying the needs of millennials and young consumers who want more convenient, mobile-first banking experiences. It also summarizes the key sectors and companies in the Argentine fintech space, including payments, lending, wealth management, and more. The document concludes by stating that Argentina presents opportunities for fintech startups, especially as the government supports entrepreneurship and various accelerators provide funding for fintech companies.
The document discusses innovative models that are expanding financial access through transformational business models like Alibaba in China and M-Pesa in Kenya. It also discusses the World Bank's goal of achieving universal financial access by 2020 through new technologies and business models. However, it notes that simply improving access to financial services is only a first step, and that bank accounts are important for full financial inclusion and access to savings, credit, and insurance. It discusses lessons from pilots on making low-income bank accounts viable and sustainable for banks through simplified products, alternative access points, and affordable pricing. Private sector buy-in is seen as key to achieving financial inclusion targets.
The Democratic Republic of the Congo offers huge market potential for technology start-ups. The political environment supports entrepreneurship and digital services. The aim of the National Digital Plan is to drive market and improve infrastructure to surge opportunities for financial inclusion.
The document provides an overview of the fintech industry in the Philippines in 2020. It notes that the Philippines has a population of over 100 million, with over half owning smartphones. The fintech sector in the Philippines was one of the few bright spots during an economic contraction due to the COVID-19 pandemic, experiencing exponential growth. The report serves as an essential reference on the development of fintech in the Philippines during this landmark period.
Digital Banking Customer 3.0: “What Changed in the Satisfaction and Loyalty i...Fabio Mittelstaedt
Fintech Startups are bringing new banking business models focused on simple and effective customer experience based on mobile and with lower fees. And traditional Banks are struggling to face these neo banking challengers by developing new internal digital capabilities or collaborating with Fintech and even buying them. But in this new Fintech hype scenario, how is the satisfaction and loyalty of banking customers?
This document describes the Chile FinTech landscape, approaching the analysis from a FinTech, regulatory, Investment and talent standpoint.
This document serves as a snapshot of the key pillars of a FinTech ecosystem in a country and provides a good overall view of the state of FinTech at a glance.
Chile has a population of 18m people as of end-2017 and mobile internet users account for 72% as of January 2018 according to Wearesocial. Chile’s government is spurring innovation through investments in startups and loosening restrictions for larger companies looking to penetrate the Latin American market.
Key Findings:
- Chilean FinTechs are driving financial inclusion and SME finance
- Chile’s regulators have recently moved to increase regulatory clarity for FinTechs.
- As of year end 2017, according to Finnovista, there were a total of 75 FinTech startups in Chile, a 34% increase from 2016. The top FinTech segments in Chile is Payment and Remittances, Enterprise Financial Management and crowdfunding at 30%, 16% and 15% of the total number of FinTech startups respectively.
- A survey conducted by Finnovista showed that 22% of startups operate beyond the national border and the main market where Chilean startups operate in is Mexico (33%). Chile’s FinTech ecosystem is relatively young with 81% of the FinTechs surveyed by Finnovista being created during the last 4 years.
- 40% of Chilean FinTechs have a focus on the underbanked and unbanked population. Financial inclusion in Chile have been improving with 63% of the population above 15 years old having access to a bank account.
- FinTech Association of Chile, the industry association, was launched in March 2018 with the purpose of promoting and strengthening the 4 pillars for the proper development of the Fintech industry, namely Public policies and regulation; Education, development and attraction of talent; Attraction of capital and investments; and Promoting the use of Fintech business services. as of October 29, the association had 21 members.
- Chilean startups can access funding from both public and private sources. On the public side, Production Development Corporation (CORFO), founded in 1939, aims to promote economic development in Chile. For every $1 funds invested, the CORFO can match an additional US$2 or US$3 with low interest debt. CORFO also sponsors Chilean incubators up to US$310k in grants for operations each year. There are 18 incubators listed on CORFO’s site in 2016.
-Start-upChile, launched in 2010, is an accelerator with 2 mandates: to elevate Chile’s international profile and to build out a local culture of entrepreneurism. It offers up to CL$50 million (80K USD) in equity free funding across its programs & over 100K of perks as a participant and has attracted technology entrepreneurs from all over the world. As of October 2018, Start-Up Chile has worked with over 1,300 startups, 51% of which are still active.
Fintech Investment Latin America 2021 Q1Thiago Paiva
The document provides an overview of the fintech market and investments in Latin America in Q1 2021. It summarizes that:
- Total fintech investments in Latin America reached $1.47 billion in Q1 2021, with Brazil attracting the largest share at 85.8% of disclosed funds.
- The top 5 deals included a $425 million round for Loft and a $400 million round for Nubank, valuing it at $25 billion.
- Digital banking attracted the most funding volume despite consumer lending seeing the most deal activity.
- 5 M&A deals were reported in Brazil, including Konduto's acquisition for $31.1 million.
- While COVID-19 impacted
Investment in FinTech companies in Latin America grew over 180% in 2019, with total funding of $2.66 billion across 94 deals. Brazil accounted for the majority of funding with $2.1 billion across 50 deals, while Mexico saw $400 million across 22 deals. The top sectors for investment were neo and challenger banks, lending, and payments. While 2019 was strong for Brazil, 2020 is expected to see increased investment in other countries like Mexico, Colombia, Argentina, Chile, and Peru. The report provides an overview of the investment landscape and outlines 8 promising FinTech companies to watch in 2020 across the region.
Fintech in Latin America had an amazing year in 2019 with over US$ 2 billion in raised capital. This report analyzes the fintech investments in the region with the goal of shedding light on the fintech environment in the region and its huge potential.
This document discusses innovative models for expanding financial access and inclusion around the world. It notes that over 50 countries have set targets for increasing access and mentions examples like Alibaba in China and M-Pesa in Kenya that focus on small business finance and mobile payments. The World Bank President has stated the goal of achieving universal financial access by 2020 using new technologies and business models. The initial point of access for many is receiving wages or payments electronically through means like mobile wallets or bank accounts. Expanding access to regulated bank accounts is an important next step towards full financial inclusion and its benefits.
This document discusses innovative models for expanding financial access and inclusion around the world. It notes that over 50 countries have set targets for increasing access and mentions examples like Alibaba in China and M-Pesa and Equity Bank in Kenya. World Bank President Jim Yong Kim has stated that universal financial access could be achievable by 2020 thanks to new technologies and business models. The initial point of access for many is receiving wages or payments electronically. Expanding access to bank accounts is an important next step towards full financial inclusion.
The document discusses innovative models that are expanding financial access through transformational business models like Alibaba in China and M-Pesa in Kenya. It also discusses the World Bank's goal of achieving universal financial access by 2020 through new technologies and business models. However, it notes that simply improving access to financial services is only a first step, and that savings accounts are important for reaching financial inclusion and reducing poverty through access to savings, credit, and insurance. It also discusses the need to design affordable products and engage the private sector to ensure targets for financial inclusion are achieved.
We help companies to be successful in Mexico & Latam via highly personalized and cost-effective consulting services. Areas of expertise include interim management, CFO/controller roles, special audits, fraud investigations, anti-corruption initiatives, internal control assessments, financial reporting, project management, risk management, strategic planning, financial transformations and turnarounds. On the commercial side, public relations, business development, contract negotiations, communications, social media, and design and execution of commercial strategy.
This document discusses mobile payments security in Central and South America and its impact on profits, reputation, and customer loyalty. It notes that Brazil, Mexico, and Colombia lead the region in mobile adoption. While smartphones are rising, basic USSD-based services still play an important role for the unbanked. Case studies highlight successful P2P payments in Paraguay, Colombia's DaviPlata digital wallet platform, and growing mPOS usage. However, the document notes security remains a key issue for the financial industry as mobile payments rise in the region.
Latin America is experiencing a resurgence of left-leaning politics, with several countries electing leftist presidents in recent years, including Gabriel Boric in Chile, Pedro Castillo in Peru, and Gustavo Petro in Colombia. However, the region also still has right-leaning and centrist governments. Poverty and inequality remain high issues in Latin America. While the middle class has grown, its growth has stagnated in recent years. The COVID-19 pandemic worsened poverty and inequality in most Latin American countries. Looking ahead, Brazil's upcoming election could further impact the region's political landscape.
Presentación fulbright final microfinanzas y migración internacionalMatt Rolland
Final presentation of my Fulbright-García Robles grant to Zacatecas, Mexico. With support from the Universidad Autónoma de Zacatecas, Estudios del Desarrollo, this project investigated financial inclusion, microfinance, migration, and development issues during 2010-2011. Presented the 13 of May, 2011. The results will be published in a forthcoming book, "Perspectives on Development in Zacatecas".
From BitPagos to BiM, Latin American innovators are taking advantage of high mobile penetration, a strong middle class and a unified culture to capture new opportunities in the digital economy.
This document summarizes the annual report of the UN Secretary-General's Special Advocate for Inclusive Finance for Development. It discusses the progress made in advancing financial inclusion globally through national commitments and strategies, private sector innovation in financial products for the poor, and improved data and understanding of client needs. Key highlights include the G20 launching a financial inclusion peer learning program with 17 country commitments and the growing role of mobile banking in expanding access to financial services.
The Canadian Prepaid Providers Organization (CPPO) commissioned FinTech Growth Syndicate (FGS) to create a "heatmap" of players in the Canadian prepaid space and their innovative solutions. FGS mapped over 60 prepaid companies and found that program managers and service providers make up the largest segments. Nearly a third of prepaid companies have US headquarters, while most Canadian headquarters are located in Ontario. The report also explores six key areas of prepaid innovation in Canada and trends in other global markets like payroll/SME banking, digital ID, benefits, and acquisitions.
The Canadian Prepaid Providers Organization (CPPO) commissioned FinTech Growth Syndicate (FGS) to create a "heatmap" of players in the Canadian prepaid space and their innovative solutions. FGS mapped over 60 prepaid companies and found that program managers and service providers make up the largest segments. Nearly a third of prepaid companies have US headquarters, while most Canadian headquarters are located in Ontario. The report also explores six key areas of prepaid innovation in Canada and trends in other global markets like payroll/SME banking, digital ID, benefits, and acquisitions.
Digital payments are growing rapidly in Brazil due to increased smartphone and internet usage. Banks are promoting mobile and online banking while mobile network operators drive mobile money services. Digital payments for customer-to-business transactions present a major opportunity. New technologies like QR codes and near-field communication are enabling new forms of digital payments. Brazil has over 100 million internet users and is a top online retail market in Latin America, yet domestic credit and debit cards dominate online payments over international options.
Fintech Investment Latin America 2021 Q2Thiago Paiva
Fintech in Latin America is booming! On the second quarter of 2021, fintechs in the region raised over US$ 3 billion. This report analyzes the fintech investments in the region with the goal of shedding light on the fintech environment in the region and its huge potential.
Design is extremely important in an e-wallet app. It is the first thing that users see and interact with, and it can have a big impact on their overall experience. A well-designed e-wallet app will be easy to use and navigate, and it will make users feel confident and secure when making transactions.
The document provides an overview of the fintech industry in the Philippines in 2020. It notes that the Philippines has a population of over 100 million, with over half owning smartphones. The fintech sector in the Philippines was one of the few bright spots during an economic contraction due to the COVID-19 pandemic, experiencing exponential growth. The report serves as an essential reference on the development of fintech in the Philippines during this landmark period.
Digital Banking Customer 3.0: “What Changed in the Satisfaction and Loyalty i...Fabio Mittelstaedt
Fintech Startups are bringing new banking business models focused on simple and effective customer experience based on mobile and with lower fees. And traditional Banks are struggling to face these neo banking challengers by developing new internal digital capabilities or collaborating with Fintech and even buying them. But in this new Fintech hype scenario, how is the satisfaction and loyalty of banking customers?
This document describes the Chile FinTech landscape, approaching the analysis from a FinTech, regulatory, Investment and talent standpoint.
This document serves as a snapshot of the key pillars of a FinTech ecosystem in a country and provides a good overall view of the state of FinTech at a glance.
Chile has a population of 18m people as of end-2017 and mobile internet users account for 72% as of January 2018 according to Wearesocial. Chile’s government is spurring innovation through investments in startups and loosening restrictions for larger companies looking to penetrate the Latin American market.
Key Findings:
- Chilean FinTechs are driving financial inclusion and SME finance
- Chile’s regulators have recently moved to increase regulatory clarity for FinTechs.
- As of year end 2017, according to Finnovista, there were a total of 75 FinTech startups in Chile, a 34% increase from 2016. The top FinTech segments in Chile is Payment and Remittances, Enterprise Financial Management and crowdfunding at 30%, 16% and 15% of the total number of FinTech startups respectively.
- A survey conducted by Finnovista showed that 22% of startups operate beyond the national border and the main market where Chilean startups operate in is Mexico (33%). Chile’s FinTech ecosystem is relatively young with 81% of the FinTechs surveyed by Finnovista being created during the last 4 years.
- 40% of Chilean FinTechs have a focus on the underbanked and unbanked population. Financial inclusion in Chile have been improving with 63% of the population above 15 years old having access to a bank account.
- FinTech Association of Chile, the industry association, was launched in March 2018 with the purpose of promoting and strengthening the 4 pillars for the proper development of the Fintech industry, namely Public policies and regulation; Education, development and attraction of talent; Attraction of capital and investments; and Promoting the use of Fintech business services. as of October 29, the association had 21 members.
- Chilean startups can access funding from both public and private sources. On the public side, Production Development Corporation (CORFO), founded in 1939, aims to promote economic development in Chile. For every $1 funds invested, the CORFO can match an additional US$2 or US$3 with low interest debt. CORFO also sponsors Chilean incubators up to US$310k in grants for operations each year. There are 18 incubators listed on CORFO’s site in 2016.
-Start-upChile, launched in 2010, is an accelerator with 2 mandates: to elevate Chile’s international profile and to build out a local culture of entrepreneurism. It offers up to CL$50 million (80K USD) in equity free funding across its programs & over 100K of perks as a participant and has attracted technology entrepreneurs from all over the world. As of October 2018, Start-Up Chile has worked with over 1,300 startups, 51% of which are still active.
Fintech Investment Latin America 2021 Q1Thiago Paiva
The document provides an overview of the fintech market and investments in Latin America in Q1 2021. It summarizes that:
- Total fintech investments in Latin America reached $1.47 billion in Q1 2021, with Brazil attracting the largest share at 85.8% of disclosed funds.
- The top 5 deals included a $425 million round for Loft and a $400 million round for Nubank, valuing it at $25 billion.
- Digital banking attracted the most funding volume despite consumer lending seeing the most deal activity.
- 5 M&A deals were reported in Brazil, including Konduto's acquisition for $31.1 million.
- While COVID-19 impacted
Investment in FinTech companies in Latin America grew over 180% in 2019, with total funding of $2.66 billion across 94 deals. Brazil accounted for the majority of funding with $2.1 billion across 50 deals, while Mexico saw $400 million across 22 deals. The top sectors for investment were neo and challenger banks, lending, and payments. While 2019 was strong for Brazil, 2020 is expected to see increased investment in other countries like Mexico, Colombia, Argentina, Chile, and Peru. The report provides an overview of the investment landscape and outlines 8 promising FinTech companies to watch in 2020 across the region.
Fintech in Latin America had an amazing year in 2019 with over US$ 2 billion in raised capital. This report analyzes the fintech investments in the region with the goal of shedding light on the fintech environment in the region and its huge potential.
This document discusses innovative models for expanding financial access and inclusion around the world. It notes that over 50 countries have set targets for increasing access and mentions examples like Alibaba in China and M-Pesa in Kenya that focus on small business finance and mobile payments. The World Bank President has stated the goal of achieving universal financial access by 2020 using new technologies and business models. The initial point of access for many is receiving wages or payments electronically through means like mobile wallets or bank accounts. Expanding access to regulated bank accounts is an important next step towards full financial inclusion and its benefits.
This document discusses innovative models for expanding financial access and inclusion around the world. It notes that over 50 countries have set targets for increasing access and mentions examples like Alibaba in China and M-Pesa and Equity Bank in Kenya. World Bank President Jim Yong Kim has stated that universal financial access could be achievable by 2020 thanks to new technologies and business models. The initial point of access for many is receiving wages or payments electronically. Expanding access to bank accounts is an important next step towards full financial inclusion.
The document discusses innovative models that are expanding financial access through transformational business models like Alibaba in China and M-Pesa in Kenya. It also discusses the World Bank's goal of achieving universal financial access by 2020 through new technologies and business models. However, it notes that simply improving access to financial services is only a first step, and that savings accounts are important for reaching financial inclusion and reducing poverty through access to savings, credit, and insurance. It also discusses the need to design affordable products and engage the private sector to ensure targets for financial inclusion are achieved.
We help companies to be successful in Mexico & Latam via highly personalized and cost-effective consulting services. Areas of expertise include interim management, CFO/controller roles, special audits, fraud investigations, anti-corruption initiatives, internal control assessments, financial reporting, project management, risk management, strategic planning, financial transformations and turnarounds. On the commercial side, public relations, business development, contract negotiations, communications, social media, and design and execution of commercial strategy.
This document discusses mobile payments security in Central and South America and its impact on profits, reputation, and customer loyalty. It notes that Brazil, Mexico, and Colombia lead the region in mobile adoption. While smartphones are rising, basic USSD-based services still play an important role for the unbanked. Case studies highlight successful P2P payments in Paraguay, Colombia's DaviPlata digital wallet platform, and growing mPOS usage. However, the document notes security remains a key issue for the financial industry as mobile payments rise in the region.
Latin America is experiencing a resurgence of left-leaning politics, with several countries electing leftist presidents in recent years, including Gabriel Boric in Chile, Pedro Castillo in Peru, and Gustavo Petro in Colombia. However, the region also still has right-leaning and centrist governments. Poverty and inequality remain high issues in Latin America. While the middle class has grown, its growth has stagnated in recent years. The COVID-19 pandemic worsened poverty and inequality in most Latin American countries. Looking ahead, Brazil's upcoming election could further impact the region's political landscape.
Presentación fulbright final microfinanzas y migración internacionalMatt Rolland
Final presentation of my Fulbright-García Robles grant to Zacatecas, Mexico. With support from the Universidad Autónoma de Zacatecas, Estudios del Desarrollo, this project investigated financial inclusion, microfinance, migration, and development issues during 2010-2011. Presented the 13 of May, 2011. The results will be published in a forthcoming book, "Perspectives on Development in Zacatecas".
From BitPagos to BiM, Latin American innovators are taking advantage of high mobile penetration, a strong middle class and a unified culture to capture new opportunities in the digital economy.
This document summarizes the annual report of the UN Secretary-General's Special Advocate for Inclusive Finance for Development. It discusses the progress made in advancing financial inclusion globally through national commitments and strategies, private sector innovation in financial products for the poor, and improved data and understanding of client needs. Key highlights include the G20 launching a financial inclusion peer learning program with 17 country commitments and the growing role of mobile banking in expanding access to financial services.
The Canadian Prepaid Providers Organization (CPPO) commissioned FinTech Growth Syndicate (FGS) to create a "heatmap" of players in the Canadian prepaid space and their innovative solutions. FGS mapped over 60 prepaid companies and found that program managers and service providers make up the largest segments. Nearly a third of prepaid companies have US headquarters, while most Canadian headquarters are located in Ontario. The report also explores six key areas of prepaid innovation in Canada and trends in other global markets like payroll/SME banking, digital ID, benefits, and acquisitions.
The Canadian Prepaid Providers Organization (CPPO) commissioned FinTech Growth Syndicate (FGS) to create a "heatmap" of players in the Canadian prepaid space and their innovative solutions. FGS mapped over 60 prepaid companies and found that program managers and service providers make up the largest segments. Nearly a third of prepaid companies have US headquarters, while most Canadian headquarters are located in Ontario. The report also explores six key areas of prepaid innovation in Canada and trends in other global markets like payroll/SME banking, digital ID, benefits, and acquisitions.
Digital payments are growing rapidly in Brazil due to increased smartphone and internet usage. Banks are promoting mobile and online banking while mobile network operators drive mobile money services. Digital payments for customer-to-business transactions present a major opportunity. New technologies like QR codes and near-field communication are enabling new forms of digital payments. Brazil has over 100 million internet users and is a top online retail market in Latin America, yet domestic credit and debit cards dominate online payments over international options.
Fintech Investment Latin America 2021 Q2Thiago Paiva
Fintech in Latin America is booming! On the second quarter of 2021, fintechs in the region raised over US$ 3 billion. This report analyzes the fintech investments in the region with the goal of shedding light on the fintech environment in the region and its huge potential.
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Design is extremely important in an e-wallet app. It is the first thing that users see and interact with, and it can have a big impact on their overall experience. A well-designed e-wallet app will be easy to use and navigate, and it will make users feel confident and secure when making transactions.
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HCL Notes und Domino Lizenzkostenreduzierung in der Welt von DLAUpanagenda
Webinar Recording: https://www.panagenda.com/webinars/hcl-notes-und-domino-lizenzkostenreduzierung-in-der-welt-von-dlau/
DLAU und die Lizenzen nach dem CCB- und CCX-Modell sind für viele in der HCL-Community seit letztem Jahr ein heißes Thema. Als Notes- oder Domino-Kunde haben Sie vielleicht mit unerwartet hohen Benutzerzahlen und Lizenzgebühren zu kämpfen. Sie fragen sich vielleicht, wie diese neue Art der Lizenzierung funktioniert und welchen Nutzen sie Ihnen bringt. Vor allem wollen Sie sicherlich Ihr Budget einhalten und Kosten sparen, wo immer möglich. Das verstehen wir und wir möchten Ihnen dabei helfen!
Wir erklären Ihnen, wie Sie häufige Konfigurationsprobleme lösen können, die dazu führen können, dass mehr Benutzer gezählt werden als nötig, und wie Sie überflüssige oder ungenutzte Konten identifizieren und entfernen können, um Geld zu sparen. Es gibt auch einige Ansätze, die zu unnötigen Ausgaben führen können, z. B. wenn ein Personendokument anstelle eines Mail-Ins für geteilte Mailboxen verwendet wird. Wir zeigen Ihnen solche Fälle und deren Lösungen. Und natürlich erklären wir Ihnen das neue Lizenzmodell.
Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
Diese Themen werden behandelt
- Reduzierung der Lizenzkosten durch Auffinden und Beheben von Fehlkonfigurationen und überflüssigen Konten
- Wie funktionieren CCB- und CCX-Lizenzen wirklich?
- Verstehen des DLAU-Tools und wie man es am besten nutzt
- Tipps für häufige Problembereiche, wie z. B. Team-Postfächer, Funktions-/Testbenutzer usw.
- Praxisbeispiele und Best Practices zum sofortigen Umsetzen
“An Outlook of the Ongoing and Future Relationship between Blockchain Technologies and Process-aware Information Systems.” Invited talk at the joint workshop on Blockchain for Information Systems (BC4IS) and Blockchain for Trusted Data Sharing (B4TDS), co-located with with the 36th International Conference on Advanced Information Systems Engineering (CAiSE), 3 June 2024, Limassol, Cyprus.
Full-RAG: A modern architecture for hyper-personalizationZilliz
Mike Del Balso, CEO & Co-Founder at Tecton, presents "Full RAG," a novel approach to AI recommendation systems, aiming to push beyond the limitations of traditional models through a deep integration of contextual insights and real-time data, leveraging the Retrieval-Augmented Generation architecture. This talk will outline Full RAG's potential to significantly enhance personalization, address engineering challenges such as data management and model training, and introduce data enrichment with reranking as a key solution. Attendees will gain crucial insights into the importance of hyperpersonalization in AI, the capabilities of Full RAG for advanced personalization, and strategies for managing complex data integrations for deploying cutting-edge AI solutions.
GraphRAG for Life Science to increase LLM accuracyTomaz Bratanic
GraphRAG for life science domain, where you retriever information from biomedical knowledge graphs using LLMs to increase the accuracy and performance of generated answers
Unlock the Future of Search with MongoDB Atlas_ Vector Search Unleashed.pdfMalak Abu Hammad
Discover how MongoDB Atlas and vector search technology can revolutionize your application's search capabilities. This comprehensive presentation covers:
* What is Vector Search?
* Importance and benefits of vector search
* Practical use cases across various industries
* Step-by-step implementation guide
* Live demos with code snippets
* Enhancing LLM capabilities with vector search
* Best practices and optimization strategies
Perfect for developers, AI enthusiasts, and tech leaders. Learn how to leverage MongoDB Atlas to deliver highly relevant, context-aware search results, transforming your data retrieval process. Stay ahead in tech innovation and maximize the potential of your applications.
#MongoDB #VectorSearch #AI #SemanticSearch #TechInnovation #DataScience #LLM #MachineLearning #SearchTechnology
UiPath Test Automation using UiPath Test Suite series, part 6DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 6. In this session, we will cover Test Automation with generative AI and Open AI.
UiPath Test Automation with generative AI and Open AI webinar offers an in-depth exploration of leveraging cutting-edge technologies for test automation within the UiPath platform. Attendees will delve into the integration of generative AI, a test automation solution, with Open AI advanced natural language processing capabilities.
Throughout the session, participants will discover how this synergy empowers testers to automate repetitive tasks, enhance testing accuracy, and expedite the software testing life cycle. Topics covered include the seamless integration process, practical use cases, and the benefits of harnessing AI-driven automation for UiPath testing initiatives. By attending this webinar, testers, and automation professionals can gain valuable insights into harnessing the power of AI to optimize their test automation workflows within the UiPath ecosystem, ultimately driving efficiency and quality in software development processes.
What will you get from this session?
1. Insights into integrating generative AI.
2. Understanding how this integration enhances test automation within the UiPath platform
3. Practical demonstrations
4. Exploration of real-world use cases illustrating the benefits of AI-driven test automation for UiPath
Topics covered:
What is generative AI
Test Automation with generative AI and Open AI.
UiPath integration with generative AI
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Goodbye Windows 11: Make Way for Nitrux Linux 3.5.0!SOFTTECHHUB
As the digital landscape continually evolves, operating systems play a critical role in shaping user experiences and productivity. The launch of Nitrux Linux 3.5.0 marks a significant milestone, offering a robust alternative to traditional systems such as Windows 11. This article delves into the essence of Nitrux Linux 3.5.0, exploring its unique features, advantages, and how it stands as a compelling choice for both casual users and tech enthusiasts.
Infrastructure Challenges in Scaling RAG with Custom AI modelsZilliz
Building Retrieval-Augmented Generation (RAG) systems with open-source and custom AI models is a complex task. This talk explores the challenges in productionizing RAG systems, including retrieval performance, response synthesis, and evaluation. We’ll discuss how to leverage open-source models like text embeddings, language models, and custom fine-tuned models to enhance RAG performance. Additionally, we’ll cover how BentoML can help orchestrate and scale these AI components efficiently, ensuring seamless deployment and management of RAG systems in the cloud.
In the rapidly evolving landscape of technologies, XML continues to play a vital role in structuring, storing, and transporting data across diverse systems. The recent advancements in artificial intelligence (AI) present new methodologies for enhancing XML development workflows, introducing efficiency, automation, and intelligent capabilities. This presentation will outline the scope and perspective of utilizing AI in XML development. The potential benefits and the possible pitfalls will be highlighted, providing a balanced view of the subject.
We will explore the capabilities of AI in understanding XML markup languages and autonomously creating structured XML content. Additionally, we will examine the capacity of AI to enrich plain text with appropriate XML markup. Practical examples and methodological guidelines will be provided to elucidate how AI can be effectively prompted to interpret and generate accurate XML markup.
Further emphasis will be placed on the role of AI in developing XSLT, or schemas such as XSD and Schematron. We will address the techniques and strategies adopted to create prompts for generating code, explaining code, or refactoring the code, and the results achieved.
The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
The presentation aims to deliver a comprehensive overview of AI usage in XML development, providing attendees with the necessary knowledge to make informed decisions. Whether you’re at the early stages of adopting AI or considering integrating it in advanced XML development, this presentation will cover all levels of expertise.
By highlighting the potential advantages and challenges of integrating AI with XML development tools and languages, the presentation seeks to inspire thoughtful conversation around the future of XML development. We’ll not only delve into the technical aspects of AI-powered XML development but also discuss practical implications and possible future directions.
Why You Should Replace Windows 11 with Nitrux Linux 3.5.0 for enhanced perfor...SOFTTECHHUB
The choice of an operating system plays a pivotal role in shaping our computing experience. For decades, Microsoft's Windows has dominated the market, offering a familiar and widely adopted platform for personal and professional use. However, as technological advancements continue to push the boundaries of innovation, alternative operating systems have emerged, challenging the status quo and offering users a fresh perspective on computing.
One such alternative that has garnered significant attention and acclaim is Nitrux Linux 3.5.0, a sleek, powerful, and user-friendly Linux distribution that promises to redefine the way we interact with our devices. With its focus on performance, security, and customization, Nitrux Linux presents a compelling case for those seeking to break free from the constraints of proprietary software and embrace the freedom and flexibility of open-source computing.
Dr. Sean Tan, Head of Data Science, Changi Airport Group
Discover how Changi Airport Group (CAG) leverages graph technologies and generative AI to revolutionize their search capabilities. This session delves into the unique search needs of CAG’s diverse passengers and customers, showcasing how graph data structures enhance the accuracy and relevance of AI-generated search results, mitigating the risk of “hallucinations” and improving the overall customer journey.
For the full video of this presentation, please visit: https://www.edge-ai-vision.com/2024/06/building-and-scaling-ai-applications-with-the-nx-ai-manager-a-presentation-from-network-optix/
Robin van Emden, Senior Director of Data Science at Network Optix, presents the “Building and Scaling AI Applications with the Nx AI Manager,” tutorial at the May 2024 Embedded Vision Summit.
In this presentation, van Emden covers the basics of scaling edge AI solutions using the Nx tool kit. He emphasizes the process of developing AI models and deploying them globally. He also showcases the conversion of AI models and the creation of effective edge AI pipelines, with a focus on pre-processing, model conversion, selecting the appropriate inference engine for the target hardware and post-processing.
van Emden shows how Nx can simplify the developer’s life and facilitate a rapid transition from concept to production-ready applications.He provides valuable insights into developing scalable and efficient edge AI solutions, with a strong focus on practical implementation.
Climate Impact of Software Testing at Nordic Testing DaysKari Kakkonen
My slides at Nordic Testing Days 6.6.2024
Climate impact / sustainability of software testing discussed on the talk. ICT and testing must carry their part of global responsibility to help with the climat warming. We can minimize the carbon footprint but we can also have a carbon handprint, a positive impact on the climate. Quality characteristics can be added with sustainability, and then measured continuously. Test environments can be used less, and in smaller scale and on demand. Test techniques can be used in optimizing or minimizing number of tests. Test automation can be used to speed up testing.
Communications Mining Series - Zero to Hero - Session 1DianaGray10
This session provides introduction to UiPath Communication Mining, importance and platform overview. You will acquire a good understand of the phases in Communication Mining as we go over the platform with you. Topics covered:
• Communication Mining Overview
• Why is it important?
• How can it help today’s business and the benefits
• Phases in Communication Mining
• Demo on Platform overview
• Q/A
Communications Mining Series - Zero to Hero - Session 1
How is fin tech enabling financial inclusion in latin america
1. How Is FinTech Enabling Financial
Inclusion in Latin America?
Government Subsidies have been critical to bring financial inclusion in a big
unbanked, yet online, Latin American population.
The economic proprietary of a nation heavily relies on the financial inclusion across its
borders. Ease of access to financial services enable individuals and businesses to
increase consumption, savings, and investments; which is a prime indicator of
increasing GDP.
Latin America is the leading developing region that is successfully bridging the
financial inclusion gap. As per a report by statista in 2019, Colombia, Uruguay, and
Peru were the nations that have achieved the financial inclusion rate of more than 75
percent. However, Venezuela, suffering from an economic crisis, was ranked the
lowest.
Current Scenario of FinTechs in Latin
America
2. Recent research conducted by Americas Market Intelligence and Mastercard
concluded that banks, FinTechs, and governments need to take collective action to
consolidate the growing digital finances in Latin American.
As of 2019, Colombia, Mexico, and Brazil had the highest number of FinTech
startups in Latin America. Among all the FinTechs in the region, Nubank, a Brazilian
neobank, was the most valued Latin American unicorn as of May 2021. With a
valuation over 25 billion U.S dollars, the bank stands out as the largest neobank
outside Asia.
Country with the most FinTech startups in Latin America – Brazil
Largest FinTech segment in Latin America – Payment and Remittances
Mexico, with the largest share of FinTechs in Latin America – 21%
● In 2021, there were nearly 11 thousand FinTech startups in the American
region, which is 87 percent more than the number of FinTech institutions
registered in 2018.
3. ● Out of the 11,000 FinTech startups in American region, 2,300 pertained to
the Latin American region. Most of these Latin American FinTech startups
deal in Payments, remittances, and lending.
● In 2019, Colombia, Uruguay, and Peru were the nations with more than
75% financial inclusion.
● As of May 2019, Latin America had 45 million unbanked population out of which
60 percent were women.
● 40 million people have been banked in Latin America during May-September
2020.
● By 2025, the FinTech adoption is expected to surpass 380 million users in
Latin America.
● With 9 out of 10 users accounting to Digital Payments, it is the most
widespread FinTech segment in the Latin American market.
Government Subsidies and Initiatives Are
Critical for FinTech Growth in Latin America
With lockdown restrictions imposed by several countries in Latin America, the lack of
financial inclusion became more evident. The pandemic has prompted many people
to adopt digital behaviors for the first time.
With an internet penetration rate of 59.5 percent, Latin America holds an
unprecedented opportunity to digitize its banking and financial infrastructure. Latin
American countries can boost financial inclusion, by removing constraints such as
unnecessary regulations and high fees, introducing value-driven FinTech products,
and boosting digital and financial awareness, to build a solid foundation of trust for
customers as well as FinTech startups.
Also Read: Why Is DevOps Essential For FinTech Development?
FinTech Growth in Latin America
4. In recent years, non-conventional financial players such as digital wallets and
neobanks have emerged to bridge the financial inclusion gap in Latin America.
Neobanks have been very effective in making digital banking services affordable by
reducing the operational expenses required due to physical infrastructure. Whereas
mobile wallets and digital payments have been banking the unbanked in not only the
developed countries but the developing nations too.
The governments’ efforts towards financial inclusion have also been helpful in the
growth of FinTech in Latin America. Government initiatives such as Ingreso Solidario
(Colombia), Coronavoucher (Brazil), and Familiar de Emergencia (Argentina) are at
the core of increasing financial inclusion in Latin America.
● The Ingreso Solidario program by Colombian government is aimed to provide
economic support to households, which are in conditions of poverty,
extreme poverty, or economic vulnerability. The economic aid is focused
towards alleviating the crisis derived from the pandemic.
● The Familiar de Emergencia program by the Argentinian government is similar
to the program by the Colombian government. It aims to provide financial
aid to households that had received insufficient formal or informal income
during the pandemic.
● Coronavoucher is a Brazilian government initiative that was planned to give
out $35 per month to 14 million brazilian families that suffered during the
pandemic.
All of these financial relief plans required the beneficiaries to opt in for bank
accounts. With non-banks in place, it became convenient for the Latin Americans to
avail banking services. This resulted in 40 million unbanked individuals getting
banked in only five months within 2020.
Also Read: Most Innovative FinTech Trends In 2021
5. FinTech Ecosystem in Latin America
In terms of investments, six countries dominated the FinTech landscape in 2019.
Among all those, Brazil accounted for the largest FinTech market in terms of the
volume of alternative finance and the number of deals. The majority of FinTech
investment in Brazil was divided between digital banks and payment service
providers.
The biggest investment deals in 2019 included the $1 billion investment in Rappi
(Colombia), the $725 million in Prisma Medios de Pago (Argentina), the $400 million
in Nubank (Brazil), and the $100 million in Konfio (Mexico).
Data Source: BIS
Furthermore Brazil and Mexico have already approved new regulations for the
FinTech ecosystem. These regulations are aimed to drive the growth of open
banking to bring more financial inclusion into the region. Some other Latin American
countries like Colombia and Chile are also drafting similar regulations which are
expected to be enforced soon.
6. Let’s talk about the open-banking advancements throughout the Latin America.
Mexico took the first step forward to build an
open-banking infrastructure
As part of its 2018 FinTech Law, Mexico had developed regulations like financial data
sharing, to become the first Latin American country to address open-banking. As of
2018, there were 2,300 institutions in Mexico that were required to participate in the
open banking infrastructure.
However, the nation couldn’t keep up with the pace of implementing open banking.
The main challenge is the delay in approval of the secondary provisions. During
these three years, open-banking in Mexico has only advanced as far as facilitating
the flow of non-confidential financial data like ATM locations and banking product
information.
Brazil has speed up the adoption
Recently, the Central Bank of Brazil has launched Phase 1 of open banking. The
phase includes the sharing of information related to banking and financial
products/services and customer service channels. The regulations require all the
banking and financial institutions in the country to comply with the norms.
However, Phase 1 was launched nearly two years after the announcement was
made in 2019. The central bank is expected to roll out several new phases for
open-banking in the coming months. The tentative dates for these phases are July
2021 for Phase 2, August for Phase 3, December for Phase 4.
Chile steps forward with a double regulation
Chile announced FinTech regulations and open banking standards in late 2020. The
announcement was followed by a new set of laws called Financial Portability Law,
which was released in September. This law is aimed to enable individuals and
7. businesses to easily switch between financial providers, sort of a primary step to
open-banking culture.
However, in terms of open-banking standards, the Ministry of Finance hasn’t
announced any update yet. Experts believe that Chile might face several banking
security and architecture challenges, before they approve the open-banking proposal.
Furthermore, the Ministry of Finance will have to develop a general framework to
avoid the need for specific laws on each FinTech business model.
Colombia on a different path of a voluntary model
Colombia followed the trend of open-banking in Latin America too, but in a different
way. They opted for a voluntary model, where the banking and financial institutions
are free to join in whenever they’re ready.
The director of the Colombian Financial Regulation Unit (URF) revealed in an
interview that they are working with Pacific Alliance countries to leverage their
experiences, and build a secure and robust open-banking environment. Before you
ask, Chile, Mexico, Peru, and Colombia form the Latin American trade bloc Pacific
Alliance.
Top FinTechs in Latin America
1. Nubank
Nubank is the leading neobank in the Latin American region. The bank is based out
of Brazil and provides simple and secure digital banking services. Nubank was
launched in 2014 when it launched a credit card with no annual fee. The card could
be managed entirely via the bank mobile app.
8. In 2017, Nubank launchd a digital bank account named ‘NuConta’ which is currency
used by more than 17 million people. The bank also launched its proprietary loyalty
program called ‘Nubank Rewards’.
In 2019, the bank took its first step forward into international expansion and also
started testing its personal loan product. The bank has offices in Mexico and
Argentina.
Currently, the bank stand at a valuation of $30 billion
2. Ualá
Ualá is a personal financial management mobile app based out of Argentina.
FinTechs disrupt the financial space in ArgentinaUalá. In Argentina, the FinTech is
transforming personal finance via an app and a card. Ualá was launched in October
2017 by Argentine entrepreneur Pierpaolo Barbieri, intending to improve financial
inclusion by providing an advanced, innovative, branchless, contactless, integrated,
and low-cost experience.
9. This personal financial management mobile app is linked to a Mastercard (prepaid
card) that enables users to conduct financial transactions. Users can leverage
carrying out various financial transactions through the mobile application, including
transferring money, making merchant payments, paying bills, loading balance on
prepaid cell phones, and SUBE aka Sistema Único de Boleto Electrónico; literal
English translation: Unique Electronic Ticket System transport cards.
The app also permits users to track expenses through an analysis
tool—maintenance, renewal, no issuance, and closing costs. In Argentina, FinTech
has issued 2.5 million cards, equal to around 6% of the country’s population.
3. Konfio
Konfio was launched on 1 April 2013 by David Arana & Francisco Padilla, based out
of Mexico. Mexican FinTech Konfío is committed to creating a new experience in
financial services for small and medium-sized enterprises (SMEs). To promote the
Mexican economy, it offers digital banking and software tools designed to boost
SMEs growth and become a strategy for small and medium-sized companies. The
firm is focused on helping strengthen business and transforming financial services.
10. Konfio provides agile credit and tools and uses data for rapid credit assessment that
enable owners to boost the growth of the business. To achieve economic growth,
FinTech help organizations by providing access to credit solutions with a proprietary
algorithm that merges technology and data to estimate creditworthiness.
4. Neon
Neon, aka Neon Pagamentos, was launched in 2016 by Pedro Conrade to unite
technology and design in order to redesign and simplify people’s financial
experience. It is a Brazilian FinTech that was born with a crystal clear motive of
placing user experience at the center of everything and providing an accessible bank
account to any Brazilian. In the Brazilian market, the company started a revolution,
which still had a lot of participation from traditional banks.
11. The increased demand for digital-based services between the pandemic has
accelerated Neon’s growth trajectory. The firm has provided an alternative to
in-person banking solutions to meet the increasing customer demand. It has seen a
surge in online purchases, deposits, investments, and an uptick of around 26% in
new users since March.
Recently, the firm raised $300 million in Series C funding led by General Atlantic,
bringing its valuation to $1.2 billion. From 2016 till now, the company has expanded
its product suite, credit cards, and personal loans; among other new features and
offerings to include investment products.
What the Future Holds For FinTech in Latin
America?
Indeed, the digital payments opportunities in the Latin America region are immense.
This is the reason why companies are most likely to see a boost in their profits that
are already offering digital payment services to their customers.
12. Many small companies and startups have started to take the benefits of
cost-effective distribution and relationship models. These models help small
companies and startups to overcome the scaling challenges. The best example of
this is the collaboration of FinTechs and digital-only businesses with retail industries
to create a shared distribution network.
From a technical perspective, businesses must focus more on tokenization in digital
payment systems. As a result, tokenization would emerge as the critical factor for the
growth in the region, said Daniel Cohen, the head of emerging payments for Latin
America at MasterCard. Moreover, implementing tokenization will allow banks and
companies to adopt similar systems worldwide.
FinTech in Latin America is greeting the rise. FinTech has quickly gained traction in
Latin America, mainly in the areas of alternative finance and payments. Also,
FinTech regulation in the region takes an activity-based approach rather than an
entity-based one, except in Mexico.
Challenges still remain for FinTech in becoming a game-changer for the region.
However FinTech can be a strong catalyst to improve financial and social conditions
in Latin America. Through incorporating into the financial system and providing
alternative sources of finance to firms and individuals.
Conclusion
There has been a significant increase in the number of FinTech alternatives, and a
surge in usage – in 2019, more than 82 million (~ 64%) individuals in Mexico, 141
million (~ 67%) individuals in Brazil, and 30 million (~ 60%) individuals in Colombia
had adopted FinTech services such as loan lending, mobile banking, and contactless
payments. FinTech brings endless opportunities and enables financial inclusion to
speed up time to market for businesses, and provide new accessibility to individuals.
To create a new innovative Fintech of your own, experienced FinTech development
13. companies will definitely be able to assist you. Nimble AppGenie are a global leader in
this space, so we would be glad to help you with your Fintech app development..