ANALÍTICA

CIBERSEGURIDAD, UNO DE LOS MAYORES DESAFÍOS PARA LA BANCA LATINOAMERICANA: El presidente del comité organizador, José Paul Rodríguez, dijo a Xinhua que el análisis ha mostrado la importancia de colocar el tema entre los aspectos más relevantes a considerar en la gestión de riesgos en esta parte del mundo.

“Es uno de los riesgos asociados a la innovación tecnológica ya que nos estamos transformando casi todos los bancos a procesos digitales, y los ‘hackers’ están detrás del activo más valioso: la información”, expuso Rodríguez.

Según datos de la Federación Latinoamericana de Bancos (Felabán) en la región hay 590 bancos, públicos o privados, en 18 países.

En el congreso también se trató el problema del sobre-endeudamiento como un asunto global del que se habla en Italia, Perú o Chile.

Rodríguez subrayó que los análisis han mostrado la importancia de considerar el tema como parte de una gestión integral y no sólo desde el riesgo del crédito de personas naturales, también del riesgo país y del riesgo de los mercados.

Otro de los temas tratados en el congreso fue el del endurecimiento del marco normativo bancario con Basilea III, un acuerdo que busca fortalecer el sistema financiero.

“Parte del propósito -con Basilea III- es que los bancos no sean los más grandes, sino los más rentables, por lo que hay que buscar alternativas con el servicio y niveles de eficiencia que son los puntos clave hacia los cuales tiene que apuntar la industria financiera, y por eso los proceso de transformación digital, para hacer eficientes los proceso y servicios “, agregó Rodríguez.

El riesgo reputacional frente a la evolución tecnológica y el crecimiento en redes sociales también fue abordado en las conferencias.

Según el especialista esta tendencia “expone a información que no necesariamente puede ser verdad, pero sí te puede hacer daño”.

Dijo que es importante monitorear ese tipo de información y evaluar qué impacto puede tener sobre los productos o servicios.

Rodríguez aseguró que la banca latinoamericana se está subiendo a la digitalización. “Ahora hay que tener conocimiento en riesgo tecnológico, en blockchain, en fintech, en ciberseguridad, y se incorpora en cada organización un proceso de ir madurando en el conocimiento y son temas que no pueden esperar mucho”, subrayó.

El encuentro, organizado por la Asociación Bancaria de Panamá y Felabán, está dirigido a ejecutivos bancarios y funcionarios de instituciones para debatir los nuevos riesgos en los servicios financieros en la región. El foro tendrá una nueva edición en 2019 en República Dominicana.

Rodríguez explicó que el comité de riesgo de la Felabán realizará ahora un proceso de investigación para ver los nuevos riesgos ante los cuales hay que actuar con miras al encuentro en República Dominicana.

Tomado de: PanamaOn. Banca Latinoamericana

CUSTOMER CENTRIC

SHINE RAISES $9.3 MILLION TO BANK FREELANCERS: France-based fintech Shine is set to raise a $9.3 million Series A funding round for its digital-only bank targeting freelancers and gig economy workers in the country, reports TechCrunch. The round is being led by XAnge, with participation from existing investor Daphni, and takes the mobile-only bank’s fundraising total to $12.5 million, per Crunchbase. Shine offers users an administrative and financial management platform that combines online banking with contract and invoice management. Users can use the account to send and receive money like with other banking apps. The platform has also partnered with Teezor to provide customers with IBAN details and direct debits, so they can receive payments from employers and set up direct debits. Its integrated invoicing system allows users to generate PDFs that can be sent to clients. While the majority of its services are free, with charges only placed for accepting card payments for invoices sent out through the platform, Shine intends to launch a premium service in the future. Having already acquired 25,000 freelancers, Shine’s offering targeting niche markets appears to be bearing fruit, illustrating that, despite Europe’s increasingly saturated neobank market, there remain addressable markets for innovative fintechs to target. Sigue leyendo

PAGOS DIGITALES

JAJA TO ROLL OUT MOBILE CREDIT CARD: UK-based startup JaJa Finance announced the upcoming launch of its first mobile-controlled credit card, managed entirely from an app, according to Finextra. This follows the firm raising £7 million ($9 million) in funding. JaJa features include fast onboarding, the ability to tag and search transactions, and the ability to share credit limits with friends and family. And users can link the app to bank accounts for repayment. The ability to control cards remotely is popular desire among consumers — 48% of respondents to a recent Fiserv study wanted their bank to offer the ability to temporarily deactivate cards in case of loss or theft, for example — so the flexibility this card offers could make it a popular option for consumers seeking alternative card offerings.

ECONOMÍA ABIERTA

NEOBANK STARLING PARTNERS WITH INSURTECH: UK-based digital-only bank Starling has announced a partnership with insurtech Anorak. Per the agreement, Anorak will provide life insurance advice on the Starling Marketplace, the bank’s in-app portal through which its customers are offered a range of financial services and products. Through this portal, Starling’s customers can connect their accounts with Anorak’s services, allowing the insurtech to analyze their accounts to offer them tailored advice on life insurance coverage, including whether or not they need it. As well as Anorak, Starling has partnerships with other third-party financial service providers including digital investing service Wealthsimple, mortgage broker Habito, and travel insurance provider Kasko. The emergence of financial services marketplaces like the one offered by Starling is in large part driven by changing regulation in the UK (Open Banking) and the EU (Second Payments Services Directive or PSD2). These regulatory changes require lenders to provide third-party access to customers data, generally through open application programming interfaces (APIs), if customers request it. Given challenger banks like Starling have limited resources to develop the bulk of financial services in-house, these changes are very welcomed by them, offering an opportunity to grow user base and revenue streams through partnerships. This current partnership should further bolster Starling’s burgeoning ecosystem, enabling it to expand its suite of product offerings to consumers. Sigue leyendo

BANCA DIGITAL

HSBC WADES IN ON THE DIGITAL-ONLY BANK MARKET: Europe’s largest lender, HSBC, is close to launching a stand-alone digital bank, reports The Telegraph. The bank has already recruited in excess of 100 people for the venture, dubbed Project Iceberg, according to sources familiar with the matter cited by The Telegraph. HSBC is the latest high-street lender in the UK to have entered the race to build a separate online bank in the face of fierce competition from neobanks like Monzo, Revolut, and Starling. Last week, we reported that RBS had enlisted Starling to help it with its digital bank ambitions, and Santander is also reportedly in the process of building an online outfit for the UK market. With Monzo signing up 18,000 current account holders per week, and Starling having signed up more than 200,000 users by this point, incumbents, particularly in the UK, are seeing more and more competition from neobanks. And, given these challenger banks are free from legacy products and systems, they have managed to develop agile and responsive products and services to target an increasingly tech-savvy customer base. HSBC’s move is evidence that incumbents are taking the challenge posed by these fintechs seriously. However, with the UK’s digital-bank market saturated, the success of HSBC’s new offering is far from guaranteed.

BLOCKCHAIN

YAHOO FINANCE MOVES INTO CRYPTO: One of the leading news platforms for financial market information, Yahoo Finance, has added a crypto trading feature to its iOS mobile app. In a blog post, the company announced that users can now conduct in-app trading of four different cryptos, including Bitcoin and Ethereum. The company has said that, while this feature is only available on its mobile iOS platform, it plans to roll out the service to Android, desktop, and mobile web platforms. Yahoo has added this new feature through its partnership with Tradelt, an application programming interface (API) infrastructure company that acts as a portal for trading financial assets by integrating with brokerage services. Although Yahoo hasn’t given details on which brokerage service its app connects to for trading, Tradelt integrated with US crypto exchange giant Coinbase, per a company statement last year. Yahoo’s move appears to be part of a logical progression, with the platform already providing price tracking for over 100 cryptos. The move also suggests that, despite continued regulatory uncertainty and downward price pressures hitting the crypto market in 2018, blockchain-backed assets remain attractive. Sigue leyendo

INTERNET DE LAS COSAS

PARTNERS BUILD ALEXA DEVICES TO FILL IN AMAZON’S GAPS: A number of companies announced new Alexa-powered smart speakers and other voice-enabled devices for the home at the IFA 2018 trade show in Berlin last week. Most of the new entrants to the market offer capabilities, functions, and form factors that differ from those of Amazon’s own Alexa-powered Echo smart speakers, adding variety to the growing Alexa ecosystem and helping the e-commerce giant to expand its role in the smart speaker space. Sigue leyendo

PAGOS DIGITALES

XIAOMI TO LAUNCH PAYMENT SERVICE IN INDIA: Chinese smartphone provider Xiaomi is reportedly launching Mi Pay, its digital payments service, in India, according to BusinessLine. The firm has tested the country’s Unified Payments Interface (UPI), which is a government-based interface that enables users to send and receive bank-based payments through smartphones, and it is currently waiting for approval from the Reserve Bank of India (RBI) for the launch. Mi Pay launched in 2016 in China in partnership with UnionPay, the state-affiliated Chinese card network, to provide contactless payments through debit cards from 20 different Chinese banks. It makes sense for Xiaomi to look to India for growth, as the Indian payments space provides a major opportunity for payment providers — only 14% of adults in India make mobile payments on a weekly basis, and only 6% do so daily — which is bringing companies to the market. And as the second-largest smartphone seller in India, holding a combined 60% share of the market with Samsung, Xiaomi could have an advantage if it integrates Mi Pay directly into its phones, allowing it to gain immediate access to millions of consumers.

CUSTOMER CENTRIC

STARLING SEES OPPORTUNITY IN YOUTH: UK neobank Starling has joined digital-only competitor Monzo by launching current accounts for 16- to 17-year-olds. The London-based challenger bank has said that the accounts will have the same functionality as its existing full current accounts, including the ability to track spending, savings, and digital payment options like Apple Pay and Samsung Pay. There are 1.5 million young people in the UK, so this addition could help Starling meaningfully beef up its customer numbers by tapping into an entirely new demographic. Although the first half of 2018 saw a 7% year-over-year rise in account switches, UK consumers broadly have been remain reluctant to switch banks. In fact, a 2017 YouGov poll found that, of the 21% of Britons who wanted to switch, 48% didn’t end up doing so because they feared it would cause them too much hassle. By launching an account to attract customers before they open full bank accounts, Starling can get young people to start their financial journey with the neobank. The bank also announced it is rolling out Google Nearby features for all its accounts to allow Starling users to transfer money to each other without the need for bank account details. With a slew of digital-only banks jostling for customers, Starling’s decision to add to its arsenal with these new features will likely help it better compete in the crowded neobank market.

BANCA DIGITAL

HONG KONG’S VIRTUAL BANKING LICENSE DRAWS A CROWD: Financial services giant Standard Chartered has set up a subsidiary for its forthcoming digital-only bank and applied for a virtual banking license in Hong Kong. The bank announced its intention to apply for the license in June, and is creating this new venture to help it breakaway from its legacy systems, in an effort to better collaborate with startups and acquire new clients, it said. The territory’s financial regulator, the Hong Kong Monetary Authority (HKMA), announced the decisionto issue its first online-only banking licenses in May 2018. And the HKMA says over 70 firms have shown an interest so far, according to Reuters. Sigue leyendo