Fintech
8 Upcoming Fintech Events in South America to Attend in H2 2024 – Fintech Schweiz Digital Finance News
by Fintechnews Switzerland
May 14, 2024
Latin America (Latam) is emerging as a hotbed for fintech innovation, driven by its young, tech-savvy population and government support for digital financial services.
In 2021, the number of fintech platforms in Latam and the Caribbean reached 2,482, soaring 112% from 2018, data from a report by the Inter-American Development Bank (IDB), IDB Invest and Finnovista show, underscoring the region’s increasing reliance on digital financial services.
At the same time, government initiatives like Brazil’s Pix and Mexico’s CoDi instant payment systems are further propelling the adoption of digital transactions and highlighting efforts by Latam governmental bodies to modernize their financial frameworks.
As fintech continues to rise and evolve in Latam and South America, numerous conferences and events are being organized to facilitate networking and knowledge exchange among industry professionals. Today, we delve some of the most prominent fintech events in South America scheduled for in H2 2024, shedding light on their key themes and highlights.
Chile Fintech Forum 2024
May 14 – 15, 2024
Espacio Riesco, Huechuraba, Chile
The Chile Fintech Forum 2024, taking place on May 14 and 15 at Espacio Riesco in Huechuraba, Chile, will bring together over 3,000 attendees to explore Chile’s leadership in fintech.
Featuring more than 100 speakers, including policymakers and industry leaders, the forum will address critical issues in fintech such as regulatory frameworks, digital payments, and innovation. This year’s event, organized in partnership with Chócale as a media partner, seeks to position Chile as a fintech hub in Latam.
The forum will commence with remarks from Chile’s Finance Minister Mario Marcel, focusing on the impacts of current governmental policies. Subsequent discussions will delve into the regulatory landscape and digital currencies, led by public policy expert Ignacio Briones and Banco Central’s Alberto Naudon.
A highlight of the first day will include a panel on the current and future state of digital payments in Chile, featuring industry experts Rodrigo Quijada, Paola Ledezma, and Thiago Dias. They will analyze trends and challenges within the rapidly evolving local market. Later sessions will explore open finance, with insights from leaders like Roberto Opazo and Carlos Oviedo.
Day two will emphasize financial inclusion and ecosystem development, featuring contributions from Solange Berstein of the CMF and Nelson Rojas of Caja Los Andes. Notably, there will be discussions on regional financial growth with fintech leaders from across Ibero-America.
The forum will conclude with a discussion on the role of influencers in the fintech ecosystem, featuring Francisco Ackermann, Romina Capetillo, and David Ávila. Tickets for the event are available on the official Chile Fintech Forum website, where attendees can also engage in matchmaking and networking opportunities.
Money Expo Colombia 2024
May 15 – 16, 2024
Agora Bogotá, Centro de Convenciones, Bogota, Colombia
Money Expo Colombia 2024, scheduled to take place on May 15 and 16 at Agora Bogotá Centro de Convenciones in Colombia, will bring together traders, introducing brokers, investors, financial institutions, and brokers from the dynamic trading and investing community.
With over 3,000 visitors expected, 300+ financial brokers, 30+ speakers, and representation from more than 10 countries, Money Expo Colombia will offer a unique platform for individuals to expand their professional network, gain insights into fintech, stay informed, engage with experts, attend topical workshops, and connect with market leaders.
The event will offer a unique networking opportunity and facilitate interactions with industry-leading service providers to enhance skills, knowledge, and investment strategies. It will also feature a showcase of top brands in the financial field, offering their products and services in one convenient location.
Attendees will get to expand their knowledge through educational sessions led by speakers and industry experts, covering topics such as US stocks, commodities, metals, and other online trading products. Networking activities will also allow attendees to make meaningful connections with potential clients, partners, and investors. This includes one-on-one meetings, business discussions, panel discussions, and workshops where industry experts share insights on current market trends and best practices.
Febraban Tech 2024
June 25 – 27, 2024
Transamerica Expo Center, Sao Paulo, Brazil
Febraban Tech 2024, one of Brazil’s largest technology and innovation event in the financial sector, is set to celebrate its 34th edition from June 25 to 27, 2024, at the Transamerica Expo Center in Sao Paulo, Brazil. The event aims to serve as a platform for leaders from various sectors including finance, technology, sustainability, and agribusiness, as well as those interested in innovation, to engage in discussions on pressing topics in the digital economy.
With the central theme “The responsible journey in the new AI economy”, Febraban Tech 2024 aims to shed light on how the financial sector, along with the broader economy, is gearing up to responsibly leverage new resources and advancements in AI.
The event will feature thematic tracks addressing key areas such as:
- Responsible AI: exploring trust, security, and business transformation;
- Open finance and Pix: shaping Brazil’s influence on the global financial landscape;
- DREX: examining opportunities and emerging trends in the tokenized economy;
- The future vision of banks in ensuring cybersecurity;
- Leveraging data intelligence to enhance customer loyalty;
- Harnessing connectivity for next-generation financial services;
- The role of cloud technology in driving agility, efficiency, and cost-effectiveness;
- Cross-industry collaboration in the digital market landscape;
- Agro 5.0 and the transformative potential of financial technology in agriculture;
- The synergy between empathy and technology in shaping the modern workforce;
- Advancing the environmental, social and governance (ESG) standards agenda in Brazil: transitioning, fostering inclusion, and promoting equity; and
- Strengthening the financial sector and fostering inclusion through partnerships between fintechs and banks.
WebCongress Latam
August 08 – 09, 2024
Chamber of Commerce Bogotá Salitre, Bogota, Colombia
WebCongress Latam is a leading technology and digital transformation conference with 46 editions in 17 countries, dedicated to helping companies, entrepreneurs, creators, and future professionals engage actively in the new era of technology.
This year’s edition, scheduled for August 08 and 09, 2024, will focus on the pervasive role of artificial intelligence (AI) in various aspects of our lives, including strategies, campaigns, governments, creative ideas, and physical spaces. Attendees can expect a program featuring conferences, workshops, and networking sessions designed to provide a comprehensive view of the industry.
Renowned experts will share revolutionary ideas, strategies, and success stories in areas such as:
- AI in key industries;
- Virtual experiences;
- The future of immersive content;
- Social networks and content creation;
- Digital transformation and data analysis;
- Startup and entrepreneurship culture;
- Digital culture and community building; and
- Security, ethics, and privacy.
WebCongress events worldwide attract the entire industry and major companies, with sponsors and allies including brands like Meta, TikTok, LinkedIn, Samsung, Nvidia, Salesforce, Adobe, and Google, among others. This year’s event is expected to draw hundreds of decision-makers, agency owners, digital creators, and marketing directors, providing attendees with a valuable business experience and meaningful connections.
Volcano Innovation Summit 2024
August 31 – September 02, 2024
Hotel Casa Santo Domingo, Antigua, Guatemala
The Volcano Innovation Summit is a global initiative aimed at fostering innovation, science, and culture exchange, with a particular focus on incorporating Latam into the global network. Held in Antigua, Guatemala, from August 31 to September 02, the event will bring together world leaders from various fields including digital, corporate, financial, telecom, cyber, energy, and sustainability, and is expected to be attended by over 2,000 participants, 30 partners and more than 130 speakers.
The Volcano Innovation Summit 2024 will feature co-located events and sessions, in addition to cultural and social happenings. This includes Content Treks and immersive content journeys covering topics such as investment, technology, innovation, entrepreneurship, sustainability, inspiration, wellness, and fintech. Attendees can expect thought-provoking discussions, hands-on workshops, and networking opportunities with industry leaders and innovators.
The summit will also include the Startup Avenue Competition 2024, aimed at promoting an entrepreneurial culture in Latam and fostering innovation to drive economic growth. Additionally, the Volcano4Good philanthropy initiative will seek to make a real difference in Guatemala’s future by addressing core obstacles such as education, malnutrition, natural resources, and mobility.
ANDICOM
September 04 – 06, 2024
Cartagena de Indias Convention Center, Bolivar, Colombia
ANDICOM, held at the Cartagena de Indias Convention Center in Bolivar, Colombia, from September 04 to 06, 2024, aims to serve as a platform for high-level leaders and executives from the technology, real estate, financial sectors, as well as government and regulatory entities, to explore the latest trends and technological solutions.
Featuring a high-profile academic agenda, a commercial exhibition showcasing innovative solutions from leading technology companies in the region, and networking opportunities with decision-makers, ANDICOM strides to facilitate the strategic exchange of knowledge and the creation of key alliances for organizations.
Each day of the congress will focus on a specific theme:
Day 1 will emphasize the intersection of technology, business, and society, with a particular focus on AI as a catalyst for innovation. Attendees will learn about the effective application of emerging technologies and the importance of implementing ethical frameworks and appropriate regulations for social and business development.
Day 2 will center on innovation and the digital future, highlighting how creativity and human capacity shape tomorrow’s solutions. Topics will range from automation and data analysis to personalized experiences, promising efficiency, connectivity, transnational trade, and a more equitable world.
Finally, day 3 will shift the focus to digital ecosystems and tech trends applications, exploring how these ecosystems are driving innovation and business growth. Attendees will delve into the integration of emerging technologies and the practical application of technological trends, analyzing their impact on industries, global collaboration, sustainable development, and an inclusive digital economy.
Fintouch Brasil 2024
September 13, 2024
Rebouças Convention Center, Sao Paulo, Brazil
Fintouch Brasil 2024, scheduled for September 24-25 in São Paulo, Brazil, stands out as a premier fintech event in the country. Organized annually by ABFintechs, the event aims to serve as a vital platform for fostering discussions on the challenges encountered by fintech companies, covering topics such as innovation, business strategies, regulations, and sector trends.
Participants can expect engaging discussions, thought-provoking panels, and networking opportunities tailored to meet the specific demands of the fintech industry in Brazil.
Gartner CIO and IT Executive Conference
September 23 – 25, 2024
WTC Sheraton Sao Paulo, Sao Paulo, Brasil
The Gartner CIO and IT Executive Conference 2024, taking place from September 23 to 25 at the WTC Sheraton Sao Paulo in Sao Paulo, Brazil, will offer a gateway to a new era of possibilities for CIOs, IT leaders, and business executives. With a focus on leveraging digital and emerging technologies, especially AI and generative AI, the event aims to serve as a platform for strategic leaders to update enterprise governance and operating models and strategies.
The 2024 Gartner CIO and IT Executive Conference will addresse the strategic needs of enterprise IT leaders and their teams across various areas, including digital business strategy and execution, leadership development, culture and talent, technology and innovation, technology finance and value, cybersecurity, risk, and compliance, application strategy and modernization, infrastructure and operations, and more.
Highlights of the event include workshops, executive stories, social engagements, guest speakers, Gartner Magic Quadrant sessions and Market Guides, solution provider sessions, one-on-one meetings with Gartner experts, ask the expert sessions, and more.
Attendees can expect to explore innovative and transformational opportunities alongside a global community of experts and peers. With insights and expert guidance on digital business transformation, data value realization, the future of intelligent applications, building digital foundations, and mitigating cyber risks, participants will be equipped with the tools needed to support mission-critical priorities.
Through interactive and collaborative sessions, attendees will have the opportunity to connect with Gartner experts, industry-leading CIOs, and technology executives, fostering new relationships, gaining insights, and uncovering solutions to pressing challenges.
This article first appeared on fintechnews.am
Featured image credit: edited from freepik
Get the hottest Fintech Switzerland News once a month in your Inbox
Fintech
US Agencies Request Information on Bank-Fintech Dealings
Federal banking regulators have issued a statement reminding banks of the potential risks associated with third-party arrangements to provide bank deposit products and services.
The agencies support responsible innovation and banks that engage in these arrangements in a safe and fair manner and in compliance with applicable law. While these arrangements may offer benefits, supervisory experience has identified a number of safety and soundness, compliance, and consumer concerns with the management of these arrangements. The statement details potential risks and provides examples of effective risk management practices for these arrangements. Additionally, the statement reminds banks of existing legal requirements, guidance, and related resources and provides insights that the agencies have gained through their oversight. The statement does not establish new supervisory expectations.
Separately, the agencies requested additional information on a broad range of arrangements between banks and fintechs, including for deposit, payment, and lending products and services. The agencies are seeking input on the nature and implications of arrangements between banks and fintechs and effective risk management practices.
The agencies are considering whether to take additional steps to ensure that banks effectively manage the risks associated with these different types of arrangements.
SUBSCRIBE TO THE NEWSLETTER
And get exclusive articles on the stock markets
Fintech
What changes in financial regulation have impacted the development of financial technology?
Exploring the complex landscape of global financial regulation, we gather insights from leading fintech leaders, including CEOs and finance experts. From the game-changing impact of PSD2 to the significant role of GDPR in data security, explore the four key regulatory changes that have reshaped fintech development, answering the question: “What changes in financial regulation have impacted fintech development?”
- PSD2 revolutionizes access to financial technology
- GDPR Improves Fintech Data Privacy
- Regulatory Sandboxes Drive Fintech Innovation
- GDPR Impacts Fintech Data Security
PSD2 revolutionizes access to financial technology
When it comes to regulatory impact on fintech development, nothing comes close to PSD2. This EU regulation has created a new level playing field for market players of all sizes, from fintech startups to established banks. It has had a ripple effect on other markets around the world, inspiring similar regulatory frameworks and driving global innovation in fintech.
The Payment Services Directive (PSD2), the EU law in force since 2018, has revolutionized the fintech industry by requiring banks to provide third-party payment providers (TPPs) with access to payment services and customer account information via open APIs. This has democratized access to financial data, fostering the development of personalized financial instruments and seamless payment solutions. Advanced security measures such as Strong Customer Authentication (SCA) have increased consumer trust, pushing both fintech companies and traditional banks to innovate and collaborate more effectively, resulting in a dynamic and consumer-friendly financial ecosystem.
The impact of PSD2 has extended beyond the EU, inspiring similar regulations around the world. Countries such as the UK, Australia and Canada have launched their own open banking initiatives, spurred by the benefits seen in the EU. PSD2 has highlighted the benefits of open banking, also prompting US financial institutions and fintech companies to explore similar initiatives voluntarily.
This has led to a global wave of fintech innovation, with financial institutions and fintech companies offering more integrated, personalized and secure services. The EU’s leadership in open banking through PSD2 has set a global standard, promoting regulatory harmonization and fostering an interconnected and innovative global financial ecosystem.
Looking ahead, the EU’s PSD3 proposals and Financial Data Access (FIDA) regulations promise to further advance open banking. PSD3 aims to refine and build on PSD2, with a focus on improving transaction security, fraud prevention, and integration between banks and TPPs. FIDA will expand data sharing beyond payment accounts to include areas such as insurance and investments, paving the way for more comprehensive financial products and services.
These developments are set to further enhance connectivity, efficiency and innovation in financial services, cementing open banking as a key component of the global financial infrastructure.
General Manager, Technology and Product Consultant Fintech, Insurtech, Miquido
GDPR Improves Fintech Data Privacy
Privacy and data protection have been taken to another level by the General Data Protection Regulation (GDPR), forcing fintech companies to tighten their data management. In compliance with the GDPR, organizations must ensure that personal data is processed fairly, transparently, and securely.
This has led to increased innovation in fintech towards technologies such as encryption and anonymization for data protection. GDPR was described as a top priority in the data protection strategies of 92% of US-based companies surveyed by PwC.
Financial Expert, Sterlinx Global
Regulatory Sandboxes Drive Fintech Innovation
Since the UK’s Financial Conduct Authority (FCA) pioneered sandbox regulatory frameworks in 2016 to enable fintech startups to explore new products and services, similar frameworks have been introduced in other countries.
This has reduced the “crippling effect on innovation” caused by a “one size fits all” regulatory approach, which would also require machines to be built to complete regulatory compliance before any testing. Successful applications within sandboxes give regulators the confidence to move forward and address gaps in laws, regulations, or supervisory approaches. This has led to widespread adoption of new technologies and business models and helped channel private sector dynamism, while keeping consumers protected and imposing appropriate regulatory requirements.
Co-founder, UK Linkology
GDPR Impacts Fintech Data Security
A big change in financial regulations that has had a real impact on fintech is the 2018 EU General Data Protection Regulation (GDPR). I have seen how GDPR has pushed us to focus more on user privacy and data security.
GDPR means we have to handle personal data much more carefully. At Leverage, we have had to step up our game to meet these new rules. We have improved our data encryption and started doing regular security audits. It was a little tricky at first, but it has made our systems much more secure.
For example, we’ve added features that give users more control over their data, like simple consent tools and clear privacy notices. These changes have helped us comply with GDPR and made our customers feel more confident in how we handle their information.
I believe that GDPR has made fintech companies, including us at Leverage, more transparent and secure. It has helped build trust with our users, showing them that we take data protection seriously.
CEO & Co-Founder, Leverage Planning
Related Articles
Fintech
M2P Fintech About to Raise $80M
Application Programming Interface (API) Infrastructure Platform M2P Financial Technology has reached the final round to raise $80 million, at a valuation of $900 million.
Specifically, M2P Fintech, formerly known as Yap, is closing a new funding round involving new and existing investors, according to entrackr.com. The India-based company, which last raised funding two and a half years ago, previously secured $56 million in a round led by Insight Partners, earning a post-money valuation of $650 million.
A source indicated that M2P Fintech is ready to raise $80 million in this new funding round, led by a new investor. Existing backers, including Insight Partners, are also expected to participate. The new funding is expected to go toward enhancing the company’s technology infrastructure and driving growth in domestic and international markets.
What does M2P Fintech do?
M2P Fintech’s API platform enables businesses to provide branded financial services through partnerships with fintech companies while maintaining regulatory compliance. In addition to its operations in India, the company is active in Nepal, UAE, Australia, New Zealand, Philippines, Bahrain, Egypt, and many other countries.
Another source revealed that M2P Fintech’s valuation in this funding round is expected to be between USD 880 million and USD 900 million (post-money). The company has reportedly received a term sheet and the deal is expected to be publicly announced soon. The Tiger Global-backed company has acquired six companies to date, including Goals101, Syntizen, and BSG ITSOFT, to enhance its service offerings.
According to TheKredible, Beenext is the company’s largest shareholder with over 13% ownership, while the co-founders collectively own 34% of the company. Although M2P Fintech has yet to release its FY24 financials, it has reported a significant increase in operating revenue. However, this growth has also been accompanied by a substantial increase in losses.
Fintech
Scottish financial technology firm Aveni secures £11m to expand AI offering
By Gloria Methri
Today
- To come
- Aveni Assistance
- Aveni Detection
Artificial intelligence Financial Technology Aveni has announced one of the largest Series A investments in a Scottish company this year, amounting to £11 million. The investment is led by Puma Private Equity with participation from Par Equity, Lloyds Banking Group and Nationwide.
Aveni combines AI expertise with extensive financial services experience to create large language models (LLMs) and AI products designed specifically for the financial services industry. It is trusted by some of the UK’s leading financial services firms. It has seen significant business growth over the past two years through its conformity and productivity solutions, Aveni Detect and Aveni Assist.
This investment will enable Aveni to build on the success of its existing products, further consolidate its presence in the sector and introduce advanced technologies through FinLLM, a large-scale language model specifically for financial services.
FinLLM is being developed in partnership with new investors Lloyds Banking Group and Nationwide. It is a large, industry-aligned language model that aims to set the standard for transparent, responsible and ethical adoption of generative AI in UK financial services.
Following the investment, the team developing the FinLLM will be based at the Edinburgh Futures Institute, in a state-of-the-art facility.
Joseph Twigg, CEO of Aveniexplained, “The financial services industry doesn’t need AI models that can quote Shakespeare; it needs AI models that deliver transparency, trust, and most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, and reviewed by financial services experts for specific financial services use cases. Generative AI is the most significant technological evolution of our generation, and we are in the early stages of adoption. This represents a significant opportunity for Aveni and our partners. The goal with FinLLM is to set a new standard for the controlled, responsible, and ethical adoption of generative AI, outperforming all other generic models in our select financial services use cases.”
Previous Article
Network International and Biz2X Sign Partnership for SME Financing
IBSi Daily News Analysis
SMBs Leverage Cloud to Gain Competitive Advantage, Study Shows
IBSi FinTech Magazine
- The Most Trusted FinTech Magazine Since 1991
- Digital monthly issue
- Over 60 pages of research, analysis, interviews, opinions and rankings
- Global coverage
subscribe now
-
DeFi6 months ago
DeFi Technologies Appoints Andrew Forson to Board of Directors
-
News7 months ago
Block Investors Need More to Assess Crypto Unit’s Earnings Potential, Analysts Say — TradingView News
-
Fintech6 months ago
US Agencies Request Information on Bank-Fintech Dealings
-
DeFi6 months ago
Switchboard Revolutionizes DeFi with New Oracle Aggregator
-
News7 months ago
Bitcoin and Technology Correlation Collapses Due to Excess Supply
-
News8 months ago
ValueZone launches new tools to maximize earnings during the ongoing crypto summer
-
DeFi6 months ago
Is Zypto Wallet a Reliable Choice for DeFi Users?
-
Fintech6 months ago
What changes in financial regulation have impacted the development of financial technology?
-
Fintech6 months ago
Scottish financial technology firm Aveni secures £11m to expand AI offering
-
Fintech6 months ago
Scottish financial technology firm Aveni raises £11m to develop custom AI model for financial services
-
Markets8 months ago
Crypto Expert Provides Analysis of Top Altcoins, Market Sees Slight Rise
-
Fintech8 months ago
The most influential women in Fintech 2024