FINCONECTA Fintech Integration Program Lauches for Latin American Market

Finconecta

FintekNews is devoted to assisting the fintech industry evolve, and we recently received information on a new integration program targeting fintechs from around the world to integrate with financial institution in Latin America and the Caribbean

In fact, Latin America is absolutely ripe for fintech disruption.  We have seen so much innovation pop up in underbanked markets in Asia and Africa, but seldom see Latin and South America coverage.  We encourage interested fintechs and banks from around the world serving this region to get involved with this program. 
(Cindy Taylor/Publisher)

“FINCONECTA is a Financial Institution + Fintech integration program, supported by the Inter-American Development Bank and coordinated by a&b, dedicated to creating the first interconnected financial ecosystem. FINCONECTA will allow FinTech companies to integrate their solutions with participating Financial Institutions across Latin America and the Caribbean under a secure platform. Financial Institutions from 10 countries in the Latin America and the Caribbean region have already signed up for FINCONECTA, making it the strongest Financial Institution + FinTech initiative.   FinTech solutions worldwide can apply to FINCONECTA. This is a unique opportunity to participate in an integration program, where FinTech companies gain unparalleled access to Financial Institutions in Latin America and the Caribbean. Applications opened May 8th and we have already received +100 registrations from 15 countries. The Application deadline is June 25th 2017. You can find out more information at www.finconecta.com and our Twitter account @finconecta

———————————–

IDB News Release: MIF announces first integration program between FINTECHS and Financial Institutions

In the context of the 2017 World Mobile Congress, the IDB’s Multilateral Investment Fund (MIF) announced the creation of FINCONECTA, a program that integrates solutions between technology companies (FinTechs) and financial institutions (FIs).

FINCONECTA is a 10-month program that hopes to promote financial inclusion. Under the coordination of Above & Beyond, it includes a process of connection, fusion and acceleration between FinTechs and FIs so they can collaborate and drive responsible growth in the financial industry. Starting in April 2017, registration on the platform will be open to all types of FinTechs and FIs.

Participants will interact through a single platform, allowing FIs to evaluate multiple technology solutions provided by the FinTechs and adapt them to their needs. FinTechs will have direct access to FIs and contribute to the digitization process in Latin America and the Caribbean.

The results of the program will be announced in the context of Foromic 2017, to be held in Buenos Aires next November.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source oflong-term financing for economic, social and institutional development in Latin America and the Caribbean.The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

About Above & Beyond

Above & Beyond (a&b) is a company dedicated to supporting financial institutions in defining and executing efficient digital transformation strategies. a&b provides the integration technology, as well as the technological platform, for its implementation.”

Correct approved version

Please include source.