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Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. Authenticiti. Remessa Online.

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Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today.

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Bank of America Brings AI to Account Receivables

Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius.

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Where Top US Banks Are Betting On Fintech

Chris Skinner

After yesterday’s article about how backward America is, in terms of payments, there’s a useful article talking about how they’re trying to rectify this.

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In Latin America, Ripple Makes Remittance Waves

PYMNTS

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America. That app, the site noted, uses xCurrent software. I can just send a payment from Argentina to Chile directly [using bitcoin].”

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Where In the World Is Fintech Innovation?

Bank Innovation

Even in fintech. It turns out nations beyond America today are increasingly generating more significant financial technology innovation, especially in artificial intelligence. Location matters. Canada is an example.

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SoftBank Launches New Tech Fund Focused On Latin America

PYMNTS

SoftBank, the Japan-based technology company, is rolling out a $5 billion fund that will target Latin American technology companies. According to a report in Reuters , by launching another tech-focused fund, SoftBank is increasing its ambitions in the technology market beyond its massive Vision Technology Fund.

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