September 23, 2019 |
Argentina's banks are expected to partner with or even acquire some of financial technology firms in the country as they try to fend off growing competition from digital startups, sources told LatinFinance.
"It's already happening," said Ignacio Carballo, director of the fintech and digital banking program at the University of Buenos Aires. "There are acquisitions, banks that incubate fintechs, funds that buy them and joint ventures."
In the latest joint venture, Banco de Córdoba is launching
Banco de Córdoba offers remittances services with the cryptocurrency payments company Bitex in the latest joint venture