World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More
Nu Colombia, a subsidiary of Nu Holdings, confirms that the Colombian Financial Superintendence (SFC) has formally approved its request to consolidate its account and credit operations under the entity Nu. As stated in the update, this latest milestone, which aims to reinforces its long-term vision… Read More
Nexo, the institution for digital assets, today announced its strategic membership in the Colombia Fintech Association. This move comes as Nexo experiences “a 73% surge in local clients, using Nexo’s crypto-yield products, underlining the company’s significant expansion into Colombia‘s flourishing crypto market.” Nexo’s membership in… Read More
To further strengthen its presence in Latin America, Kaspersky is opening new office in Colombia. This move aims to provide an increasing number of the company’s clients and partners in the region with access “to a comprehensive cybersecurity ecosystem, addressing the full spectrum of cybersecurity… Read More
Following the launch of Cuenta Nu this year, over 500,000 Colombians have started saving to achieve their financial goals using this product. One of the most popular features among customers has been the “Cajitas,” which allow people to set aside money for saving. So far,… Read More
Aventus Group lender Credito365 from Colombia starts offering short-term loans on the PeerBerry platform. Colombian loans are backed with a buyback and “a group guarantee and will generate a 9.5% annual return to PeerBerry investors.” Aventus Group founded Credito365 CO (legal name Tech365 S.A.S) in… Read More
Camilo Tellez-Merchan, Head of Digital Payments Innovation Hub, Better Than Cash Alliance, United Nations Capital Development Fund (UNCDF), and Gisela Davico, the Latin America & Caribbean Lead and Global Gender Lead, Better Than Cash Alliance have shared key insights that have released in a blog… Read More
The Agri-Business Capital Fund this week announced an investment of €1.1 million in MiCreditoYa Microfinanciera SAS, a microfinance institution operating in the Nariño department in the southwest of Colombia. Access to finance remains a significant challenge in many parts of the world, particularly in rural… Read More
Bancolombia Group, one of the largest financial groups in Colombia and Central America, announced the launch of Wenia, a full-service digital asset offering to its retail customer base which is powered by Fireblocks. Through Wenia, Bancolombia Group is “one of the first major financial institutions… Read More
World ID orb verifications are now available in the Colombian cities of Bogotá and Medellín. A central component of Worldcoin, World ID is “a digital humanness passport that enables individuals to securely prove they are a unique human for a growing number of applications.” You must… Read More
Grupo Bancolombia has launched “Wenia Ltd.” a new entity enabling crypto trading. According to a corporate statement, Wenia will provide digital asset services exclusively for Colombian residents through its platform. Clients will be able to trade various digital assets, including Wenia’s own COPW, a stablecoin… Read More
Montran, a global enabler of capital markets infrastructure, announces the successful launch of the new Central Securities Depository (CSD) platform at the Banco de la República de Colombia. This deployment marks a significant milestone in “modernizing the Colombian financial market infrastructure.” José Escobar, General Manager… Read More
Aquis Exchange PLC is announcing that it has been awarded the contract to provide the Central Bank of Colombia, Banco de la República, with the technology and support services for the operation of its government bond market (Sistema Electrónico de Negociación – SEN). Aquis Technologies… Read More
Bold, a financial technology company enabling access to electronic payments in Colombia, today announced that it has raised $50 million in Series C funding led “by existing investor General Atlantic, a global growth investor, with participation from the International Finance Corporation (IFC), a member of… Read More
Bitso —the financial services company powered by crypto in Latin America— released the first edition of its Crypto Landscape in Latin America: Report H2 2023, in which it reveals the importance that “the use of blockchain and crypto assets have gained, both in the region… Read More
CRISIL Ltd, which claims to among the leading global analytics companies, has reportedly set up an office in Bogotaì, Colombia in order to “provide its clients, including global investment banks, asset managers and private equity firms an efficient solution for nearshoring critical operations and services… Read More
Global digital transformation firm GFT Technologies SE agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers “across Latin America and also increases its global delivery capability.”… Read More
Nu. Colombia Financial Company, a subsidiary of Nu Holdings in the country, announced the opening of the “Launch List” for “Cuenta Nu,” its latest product, which aims to provide Colombians with a savings experience through the market’s “most competitive” offering. Cuenta Nu is a digital… Read More
Nu Colombia, a subsidiary of Nubank (NYSE:NU) in the country, announced that the Financial Superintendence of Colombia (SFC) has officially approved its application to operate as a financing company. This achievement not only “marks a significant milestone for Nu Colombia but also paves the way… Read More
EBANX, a global fintech company specializing in payment solutions for rising economies, announced the direct integration of Botón Bancolombia, a payment method created by Bancolombia bank, to be part of its array of available payment methods in Latin America. This strategic partnership aims “to streamline… Read More
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