December 2024

Onze recaudó US$19M en Serie A para aumentar las pensiones corporativas en Brasil

Onze, la Fintech centrada en las pensiones privadas corporativas, acaba de lanzar una ronda para crecer en un mercado valorado en más de US$150 mil millones y todavía dominado por los grandes bancos. Antonio Rocha fundó Onze junto con Rodrigo Neves, con quien trabajó durante años en McKinsey. Para crear la empresa, los dos obtuvieron financiación inicial de Red Ventures, una empresa estadounidense que invierte y crea negocios desde cero y que sigue siendo el mayor accionista de la startup. La idea de...

Fintech, Visual Attention, and Financial Inclusion: A Field Experiment on Migrant Remittances

By Eduardo Nakasone, Máximo Torero & Angelino Viceisza Migrant remittances are significant but remain relatively costly to send. Policymakers have argued that fintech, specifically, comparison websites like kayak.com but for sending money, can boost financial inclusion and reduce remittance prices. Yet, little is known about how migrants with limited education and trust in digital methods interact with fintech. We conduct a field experiment on a comparison website and vary remittance-company attributes shown to migrants, specifically, the time for delivery and...

October 2024

Pensionbee’s strategic US expansion backed by £20m funding as fintech eyes global pension market

Pensionbee, the online retirement savings provider, reported positive adjusted earnings in the last quarter and raised £20m for its US expansion. The London-based fintech firm saw a revenue increase in the third quarter, jumping to £9m from £6m the previous year. The company anticipates breaking even on an adjusted EBITDA basis by 2024. For the third quarter, it recorded its second consecutive quarter of positive adjusted EBITDA at £1m, as reported by City AM The firm also reported £5.5bn in assets under...

July 2024

PensionBee to enter US market

PensionBee Group plc, a prominent online pension provider, has announced the launch of its operations in the United States, the world’s largest Defined Contribution pension market. The move will see them enter the market which accounts for approximately 80% of the global total and boasts $22.5tn in assets. The company’s wholly-owned US subsidiary, PensionBee Inc., is now registered with the US Securities and Exchange Commission as an investment adviser. In May this year, PensionBee entered into a strategic agreement with State Street...

April 2023

PensionBee. Annual Report and Financial Statements 2022

By PensionBee PensionBee is a leading online pension provider in the UK, with a mission to make pensions simple, so that everyone can look forward to a happy retirement. We are a direct-to-consumer financial technology company with approximately 183,000 Invested Customers and £3.0bn of Assets under Administration (‘AUA’) as at 31 December 2022 (2021: 117,000 Invested Customers and  £2.6bn of AUA). We deliver a leading customer proposition to pension holders in the UK defined contribution pensions market, catering for the mass...

March 2023

Exploring the Integration of AI and ML in Fintech: Emerging Trends and Future Directions

By Rahul Jain This research paper aims to explore the integration of artificial intelligence (AI) and machine learning (ML) in the field of financial technology (Fintech). The paper examines the emerging trends in the integration of AI and ML in Fintech and evaluates the potential benefits and challenges associated with this integration. The study utilizes a qualitative research approach that involves an extensive review of relevant literature, including academic articles, industry reports, and news articles. The findings indicate that AI and...

February 2023

Leveraging Fintech To Drive Financial Inclusion: Strategies And Best Practices

Financial inclusion (i.e., the availability and accessibility of financial services for individuals and businesses) is a fundamental goal for governments and organizations around the world. Despite progress in recent years, there are still many individuals and communities that lack access to basic financial services such as savings and credit. Fintech, or financial technology, has the potential to play a major role in addressing this problem by making financial services more accessible and affordable for those who need them most. One...

How Fintech And Blockchain Are Evolving And Disrupting Financial Institutions

Blockchain technology is disrupting financial institutions in radical new ways. Rather than replacing what already exists, it creates an entirely new market and an avenue to bank the unbanked. Blockchain is creating new financial solutions that scale faster and are cheaper, more secure and more accessible to even ordinary men on the street. It has removed the barriers to enjoying financial services, enforced security, removed middlemen and enhanced transparency. Once touted by investors as worthless and called unprintable names by traditional...

November 2022

How technology can support pensions for the underserved

New technologies, including central bank digital currencies, can help to better distribute and protect wealth PROVIDING pension support for workers in the informal sector has always been a challenge. At a recent Green Shoots session held at Prudential Singapore’s office, panellists discussed how the use of technology and digital tokens can help facilitate the distribution of micro pensions, and what challenges remain. Micro pensions refer to small sums of money saved by self-employed individuals, that are then invested to yield...

October 2022

Fintech en el mundo. La revolución digital de las finanzas ha llegado a México

Por Bancomext La influencia de los cambios tecnológicos en todas las actividades humanas, así como en los valores de la sociedad, conllevan un desafío para todos los sectores económicos incluyendo las instituciones financieras, como Bancomext. La innovación tecnológica y digital representa para los bancos y, en particular, para la banca de desarrollo, una oportunidad de mejorar la eficiencia y productividad que otorgue un mayor respaldo a las empresas. Hoy por hoy, la tecnología es un aliado que facilita la actividad...