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Deep Dive: Latin American Fintech Market (Part 2)
Monday, October 28, 2019 Luis Bastidas to Payments and Industry Trends, Retail PaymentsTo support fintechs’ development and create a more inclusive financial system, governments across the Latin American region should adopt different regulations. Some good practices implemented in other countries, like the U.K. or Singapore, could also be adopted in Latin America, such as temporary exemptions on fintech authorizations on behalf of regulating entities, or the creation of temporary regulation sandboxes in which fintechs can operate, evaluate their business models and offer their innovative products in supervised environments.
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Women in Payments: “Make Failure Your Fuel”
Friday, October 25, 2019 Nidhi (Mathson) Alberti to Payments and Industry TrendsACI’s Darcy Locke, new business development principal, was recently appointed Chair of the American Financial Services Association (AFSA), Business Partner Board. During her two-year term, Darcy will preside over the AFSA Business Partner Board meetings, and concurrently serve as a member of the AFSA Board of Directors and Chair of the AFSA Business Partner Task Force.
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Deep Dive: Latin American Fintech Market (Part 1)
Tuesday, October 22, 2019 Luis Bastidas to Payments and Industry Trends, Retail PaymentsThere is a gap between what financial institutions currently offer versus what today´s customers want in Latin America, and this is where fintechs are earning a reputation for customer-centricity, personalization, quick response and seamless delivery. The relationship between fintechs and traditional financial institutions in Latin America has evolved from competition to collaboration, with the aim of efficiently working together and effectively scaling innovation, while also driving financial inclusion for the underbanked.
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From API to AI to I: Banking Tech Gets Personal
Monday, October 21, 2019 Lu Zurawski to Payments and Industry Trends, Retail Payments, Transaction BankingTired feet. Running out of business cards. Countless LinkedIn connections – sound familiar? This time of the year is conference season; the annual SIBOS (SWIFT) and Money20/20 USA gatherings spanning the autumn give attendees plenty of hot topics and talking points. My American colleagues refer to this season as “the fall.” I trust this to be an observation on leaves and fruit rather than a sequitur on the state of the fintech industry. Either way, it’s a good time to harvest, to take stock and to work out what we should be doing with the apparent abundance of innovative produce.
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How Do You Drive Full Value from SWIFT gpi?
Friday, October 18, 2019 Zhenya Winter to Transaction Banking, Immediate PaymentsAs part of SWIFT and ACI Worldwide’s joint mission to accelerate adoption of SWIFT gpi, ACI’s SWIFT gpi global marketing lead Zhenya Winter spoke with Daniel Lynch, Data Analytics and Payments Innovation Lead at SWIFT, and ACI’s Global Head of Real-Time Payments, Craig Ramsey, about some of the key questions raised by attendees of our second Global Webinar: Drive Full Value from SWIFT gpi. The relevancy of these was reinforced at Sibos 2019, the SWIFT community’s annual conference, which recently took place in London.
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India’s Unified Payments Interface: Breaking the Billion Barrier
Tuesday, October 15, 2019 Somya Patnaik to Immediate Payments, Payments and Industry TrendsSeptember brought about quite a stir in the Indian payments ecosystem, with three years passing since the launch of UPI (Unified Payments Interface), and the realization that UPI is closing in on a significant milestone: one billion transactions per month. In September 2019, UPI clocked 955 million transactions, amounting to 1.61 trillion rupees (INR), demonstrating the extent to which Indian consumers have exuberantly welcomed real-time payments.
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The Need for Financial Inclusion in Developing Countries
Monday, October 14, 2019 Juan Beck to Payments and Industry Trends, Immediate PaymentsThe payments ecosystem globally is changing – and the idea of financial inclusion is increasingly featuring as part of long-term strategy. At a glance, financial inclusion means that people and businesses have access to important financial products, services and data, such as transactions, credit cards, payments, savings and insurance, and that these are delivered in a sustainable way. The challenge for banks lies in being more inclusive and meeting social needs, while remaining profitable and increasing market share.
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Merchants: Digital Presence and Strategy are Key to Success in Today’s Competitive Environment
Thursday, October 10, 2019 Andrew Quartermaine to eCommerce, Merchant RetailOver the last decade, merchants across all sectors have gone through a metamorphosis of sorts, with new online merchants emerging and often growing fast and furiously, while many larger, physical anchor stores struggle to remain relevant in the face of digital displacement. Now more than ever, merchants need to innovate to stay relevant to their customers in a fiercely competitive landscape with constantly changing channel and buying desires.
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Making Payments Pay in the Journey to Retail Reinvention
Tuesday, October 01, 2019 Chris Andrews to eCommerceTraditionally, retail payments were a necessary, if not mundane, end function for a transaction; however, the role of payments has shifted dramatically in recent years. It is now considered a crucial piece of the shopping experience — one which can increase conversions and loyalty.
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How to Maximize the Value of Partnerships Between Fintechs and FIs
Friday, September 27, 2019 Karen Arroyo Moguel to Immediate Payments, Bill Pay, eCommerce, Merchant Retail, Retail Payments, Transaction BankingThe LATAM Open Banking & Fintech Partnership, organized by Connect Global Group, was held earlier this year in Mexico City, and ACI participated as one of the forum partners driving discussions on how to maximize value from collaborative partnerships between FIs and Fintechs. We explored the invaluable benefits of open API and strategies to differentiate the offerings of FIs and Fintechs, address consumer demands, and best practices for implementation aligned to regulatory requirements.
