Tagged: colombia

October 16, 2025 @ 8:26 am By Omar Faridi  |  

Digital bank Revolut recently announced the acquisition of Swifty, an AI-powered travel agent startup incubated at Lufthansa Innovation Hub (LIH). This latest acquisition by Revolut brings Swifty’s AI tech and Co Founders Stanislav Bondarenko and Tomasz Przedmojski to Revolut, where they will focus on enhancing… Read More

October 15, 2025 @ 2:09 pm By Tony Zerucha  |  

Colombia has launched its first government-backed real-time payments rail. Bre-B debuted on Oct. 8. It is the national real-time payment system developed by Banco de la República, and integrates into institutional mobile wallets and platforms. Paytech dLocal wasted little time in integrating Bre-B payments for its customers. dLocal… Read More

September 23, 2025 @ 1:08 pm By Tony Zerucha  |  

MoneyGram has unveiled a mobile app, introducing a digital, USD-backed stored value account designed to work with both traditional fiat currencies and stablecoins.  Customers will receive funds instantly into a secure USD balance, store those funds and cash out or spend. It will first launch in Colombia…. Read More

August 31, 2025 @ 4:27 pm By Omar Faridi  |  

World Network, the blockchain project formerly known as Worldcoin, continues to challenge the boundaries of digital identity and decentralized finance with key updates: the development of a peer-to-peer (P2P) Flashblock propagation layer for its World Chain blockchain and the opening of its flagship location in… Read More

July 13, 2025 @ 5:25 pm By Omar Faridi  |  

Cobre, a firm supporting real-time business payments in Latin America, says starting in September, it will become the first participant in Colombia to enable instant interbank payments. As a long-time advocate of financial digitalization in Colombia, Cobre seeks to accelerate the interoperable real-time payment system… Read More

January 14, 2025 @ 6:58 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-driven fraud prevention solutions, announced its partnership with Credibanco, Colombia’s payment processing company. This partnership will enable Credibanco to leverage artificial intelligence and machine learning models to detect and prevent fraud “in real time, ensuring  secure transactions across channels—both… Read More

December 2, 2024 @ 10:41 pm By Omar Faridi  |  

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

November 26, 2024 @ 11:24 pm By Omar Faridi  |  

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

September 30, 2024 @ 9:06 pm By Omar Faridi  |  

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

September 2, 2024 @ 11:00 am By Omar Faridi  |  

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

August 22, 2024 @ 3:55 pm By Omar Faridi  |  

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

August 16, 2024 @ 1:08 pm By Omar Faridi  |  

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

August 12, 2024 @ 3:30 pm By Omar Faridi  |  

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

August 3, 2024 @ 4:48 pm By Tony Zerucha  |  

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

July 24, 2024 @ 12:15 pm By Omar Faridi  |  

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

June 2, 2024 @ 3:54 pm By Omar Faridi  |  

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

May 6, 2024 @ 12:15 pm By JD Alois  |  

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

April 21, 2024 @ 10:45 am By Omar Faridi  |  

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

March 15, 2024 @ 5:44 am By Omar Faridi  |  

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

February 15, 2024 @ 10:12 pm By Omar Faridi  |  

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