PYMNTS

JUNE 3, 2020

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

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PYMNTS

DECEMBER 10, 2020

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. 10) press release. and Ireland at SWIFT. .

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PYMNTS

JUNE 19, 2020

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. . BizCapital.

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Payments Dive

JUNE 21, 2019

Latin America has become an increasing focus of development in the emerging digital payments market, as the region transitions from a heavily cash-based system to increase automation, speed and transparency.

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BankInovation

JUNE 17, 2022

Seven financial services powerhouses, led by Citi and Bank of America, launched an independent company this week to create the first open-market electronic trading platform for syndicated loans and collateralized loan obligations (CLOs).

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PYMNTS

AUGUST 22, 2019

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. There are even parts of the Latin American market where it’s almost impossible to do an online international payment.”.

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PYMNTS

OCTOBER 14, 2020

The four intended to start a new marketplace software product for the Latin America region. Brazilian regulators, after watching the digital markets of the world develop, decided they don't want a closed-loop market or one dominated by established big tech names.

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PYMNTS

JUNE 16, 2020

Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). trillion market for working capital finance. “Together we will ensure that SMEs across Latin America have the fairest access to finance available.”

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Perficient

JANUARY 4, 2022

According to CoinGecko, the cryptocurrency market is worth more than $2.35 Although this market seems promising, the potential for big gains does not come without hefty risk. Outlined below are some leading financial institutions’ current outlooks regarding their hand in cryptocurrency: Bank of America. Northern Trust.

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Bank Innovation

NOVEMBER 9, 2017

EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It

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PYMNTS

SEPTEMBER 22, 2020

To help local businesses encountering difficulty because of the coronavirus or civil unrest, the Mall of America is contributing a 5,000-square-foot retail space to local businesses called the Community Commons. The space will be rent-free to 17 companies, opening Oct.

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Bank Innovation

MAY 26, 2016

Bank of America said “No” to innovation labs last year. are bringing wallets to market, BofA is looking instead to the surrounding ecosystem. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More.

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PYMNTS

FEBRUARY 6, 2019

Bank of America announced on Wednesday (Feb. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow. Bank of America is rolling out the service to help its more than nine million small businesses customers.

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PYMNTS

JUNE 18, 2020

The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. Critical to bringing digital payments into Latin America in general, and into WhatsApp in specific, is they must be secured via tokenization. ” Latin America’s Digital Path Forward.

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BankInovation

SEPTEMBER 11, 2023

Bank of America introduced its business-to-consumer payments solution in Canada as it continues to look for consistent digital solutions that clients can use across all its markets. Global Digital Disbursements, which launched on Aug.

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PYMNTS

AUGUST 30, 2019

The moves are designed to further last-mile operations in Latin America. Lange added that Latin America remains a “key market.”. As reported by The Next Web, the last-mile arena in Latin America is marked by increased competition. Nivel 2, a customs brokerage company and Cargex affiliate. what do they focus on? ‘I

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PYMNTS

MAY 18, 2020

Bank of America has lowered its rating of Square Inc. ADP), the New Jersey-based human resources management software and services provider, has shifted to “underperform” from neutral given the extreme stress on employment markets. Shares of the San Francisco-based mobile payment company fell by 2.29 Paychex Inc.,

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PYMNTS

MAY 12, 2020

To provide a customized guest experience for its clients, Genesis Motor America unveiled its Genesis Concierge service. A true luxury experience should exceed a customer’s unique desires and expectations,” Genesis Motor North America President and CEO Mark Del Rosso said in the announcement.

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PYMNTS

DECEMBER 4, 2019

Visa and banking-as-a-service platform NovoPayment are expanding their strategic partnership to advance the deployment of digital solutions in Latin America and the Caribbean, Visa said in a press release on Tuesday (Dec. Visa has also made a strategic investment in NovoPayment.

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PYMNTS

MARCH 7, 2019

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. The new fund plans to invest in technology companies across Latin America, going after the same industries and sectors that SoftBank already invests in.

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America Regional Fintech Technology 140

PYMNTS

NOVEMBER 1, 2020

Corporate travel and expense management solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.

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PYMNTS

MAY 27, 2020

percent in North America and 7 percent internationally. The pizza chain noted that approximately 320 of its roughly 2,100 international franchised stores are closed for the time being, mainly in the Middle East, Europe and Latin America. It also noted that some global markets are open “predominantly” just for delivery, like Britain.

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PYMNTS

SEPTEMBER 23, 2019

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. We look forward to working with Bank of America to address critical market challenges and to expand the network’s reach and eco-system to a wider audience of corporate customers.”.

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CB Insights

FEBRUARY 20, 2020

In 6 years, Latin America (LatAm) fintech funding has grown from less than $50M to top $2.1B Social, political, and environmental pressures have made the LatAm market highly volatile. Continued foreign investment and positive market outlooks. ” The post Latin America Is Suddenly Fintech’s Hottest Market.

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Payments Source

DECEMBER 14, 2020

Cross-border online payment service provider PrimeiroPay is partnering with Visa payment management platform CyberSource to open high-growth Latin America markets to merchants seeking access to those regions.

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America Payments Regional Online 118

SWBC's LenderHub

SEPTEMBER 15, 2021

Last week, Bank of America Corp.’s If you look at the duration of the market today, it’s basically longer duration than it’s ever been. s head of U.S.

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PYMNTS

JULY 16, 2020

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. Bank of America also reported that sales and trading revenue rose 35 percent to $4.4 BofA said its provision for credit losses hit $5.1 billion for U.S.

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PYMNTS

NOVEMBER 11, 2019

Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters reported on Monday (Nov. Increased competition in Latin America, mainly from the Chinese ride-hailing giant Didi Chuxing, is being blamed for Uber’s growth slowdown in that region.

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PYMNTS

DECEMBER 4, 2018

The latest analysis from Bank of America , published on Monday (Dec. The Bank of America Business Advantage “ Fall 2018 Small Business Owner Report ” found continued positivity among the nation’s small businesses, and in their outlook for the months ahead. In a survey of 1,000 small business owners in the U.S.,

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PYMNTS

AUGUST 14, 2020

The evidence can be seen in a new report from Bank of America and an earnings announcement from luxury apparel marketplace Farfetch. Meanwhile, a report from Bank Of America shows a severe drop in global luxury goods for Q2, but brighter days appear to be ahead. It was the digital shift that drove a solid quarter for Farfetch.

Marketing 153

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PYMNTS

AUGUST 10, 2017

Bank of America is getting into the high end rewards credit card battle, rolling out the Bank of America Premium Rewards credit card in September. For Bank of America customers who have $20,000 or more in a checking, savings or investment account with the company, they will earn more points. Those with $20,000 to $50,000 get 2.5

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PYMNTS

OCTOBER 15, 2020

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year. That may be stretching things. But the horizon is not exactly clear.

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PYMNTS

OCTOBER 16, 2019

Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. In its Q3 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 38 million active digital banking users, along with 28.7

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Bank Innovation

APRIL 15, 2016

Bank of America Corp. The megabank’s CEO, Brian Moynihan, said yesterday that clearXchange was “a few more months” from “heavy” marketing of the P2P payments platform. needs to wait “a few months” for its clearXchange partners to catch up to it. The holdup? The other partners.

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Bank Innovation

APRIL 14, 2016

The mobile banking market is not saturated — not even close. The three largest banks — JPMorgan Chase, Bank of America, and Wells Fargo & Co. — saw sustained growth in the first quarter — one of the fastest-ever for Bank of America, said CEO Brian Moynihan during today’s earnings call.

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CB Insights

NOVEMBER 17, 2022

Latin America has become one of the fastest-growing fintech hubs in the world in recent years. Get the free report for analysis on dealmaking, funding, and exits by private market fintech companies. The post 187 companies transforming financial services in Latin America appeared first on CB Insights Research. First name.

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The Paypers

OCTOBER 25, 2023

MoneyCollect has expanded its solutions in the Middle East and South America in order to foster financial inclusion and simplify payment processes in emerging markets.

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