The Inter-American Development Bank expects a “new normal” of yearly financing to Latin America of between $25 billion to $30 billion. The region’s financial technology industry is key to the creation of new economic growth avenues. Supply chain disruptions present huge nearshoring opportunities for Mexico and the Caribbean. When Mauricio Claver-Carone was elected president of…
Thiago Maffra, CEO of XP
➤ StoneCo CEO says Linx acquisition will enlarge its market to a pool of acquiring, credit, software clients. ➤ The fintech company expects to begin expanding geographically in 2 years, viewing Colombia as a promising market. StoneCo Ltd. is one of the fastest-growing financial technology companies in Brazil, making a name for itself through point-of-sale…
Manaus, the capital of and largest city in the state of Amazonas, Brazil.Source: Adirana Fuchter/Moments via Getty Images If clients won’t go to the branches, then the branches must go to the clients. In 2010, Banco Bradesco SA embarked on an innovative financial inclusion endeavor. It launched a floating bank branch into the Amazon basin…
➤ BlackRock believes a low interest rate environment will continue to push Brazilian investors into riskier assets, including stocks. ➤ The passage of fiscal reforms and privatizations could pave the way for a faster recovery and attract global liquidity in the post-pandemic. ➤ COVID-19 brought forward the social element of ESG, though the ecosystem is…
Sharp cost-cutting by Brazilian banks could drive price-based fintech models out of business. Lack of historical data and high customer acquisition costs puts fintechs at a disadvantage in comparison to banks and technology companies. Incorporating nonfinancial services is a way for fintechs to counterattack big techs’ foray into finance. Sergio Furio is the founder and…
MercadoPago CEO Osvaldo Giménez sees significant opportunities for electronic payments growth in Latin America, where about half of the population is underbanked. Giménez doesn’t believe that Mexico’s CoDi system is the best way of driving adoption. Latin American e-commerce giant MercadoLibre Inc. has been called the “Amazon.com Inc. of Latin America.” It is the region’s largest online commerce…
? BNDES CEO says Brazil’s next president will have to introduce a fiscal plan very quickly to calm markets. ? BNDES is looking to end its reliance on government funding, while also increasing its disbursements. ? Brazil’s lower interest rate environment is here to stay and “changes everything” for banks in the country, CEO says.…
Fin de año con novedades en el diseño de la política económica. El economista Roberto Frenkel, investigador del Centro de Estudios de Estado y Sociedad (Cedes), analiza los cambios recientes desde el sur, en Villa la Angostura. Hace home office y se muestra al tanto de los últimos datos, durante un diálogo que mantuvo en forma telefónica…
La última vez que Julia Navarro visitó Buenos Aires se encontró con una Argentina en shock. Corría octubre del 2010 y la atmósfera era electrizante: acababa de morir Néstor Kirchner. Terminada una jornada agotadora de entrevistas, charlas y presentaciones acerca de su nuevo libro, ni lo dudó. Una periodista en momento y lugar indicados no iba a…