Warburg Pincus LLC’s Post

I'm a few days late to this news Thierry Sébastien Battistini and Brad Goad, but this is huge validation for you and the Matera team! No doubt this advancement will also help Canada catch up in instant payments in the age of consumer-driven banking #PIX #consumerdrivenbanking #openfinance #openbanking #instantpayments #paymentinnovations #realtimepayments

Matera, a trailblazer in banking technology based in São Paulo, has just announced a monumental $100 million investment from Warburg Pincus. This significant financial infusion will fuel Matera’s strategic push into the North American market and further enhance its extensive product development initiatives. Founded in Brazil, Matera is renowned for its cutting-edge solutions in core banking, instant payments, and QR code payment systems. The company has significantly impacted the financial technology landscape, serving over 250 banks, credit unions, and financial institutions across the globe. This includes prestigious collaborations with two of the top three banks worldwide and over one-third of all banks in Brazil, showcasing the global reliance on their sophisticated technologies. Brazil is recognized globally for its advanced payments infrastructure, largely propelled by a proactive central bank. Matera has been at the forefront of this innovation, with its systems processing over 5 billion transactions annually. Remarkably, nearly half of these transactions are initiated via QR codes, illustrating the widespread adoption and effectiveness of this technology. In North America, Matera is replicating its success by introducing solutions such as the ‘Digital Twin’—a ledger designed to integrate seamlessly with existing banking platforms. This solution aims to address the pressing challenges of core banking modernization and the creation of real-time digital experiences, despite the limitations of outdated legacy systems. Additionally, Matera continues to expand its QR code payment solutions, which enable billers and merchants to offer QR codes for mobile payments and allow consumers to generate their own QR codes for transactions. 🔗 #FintechGrowth #BankingInnovation #WarburgPincus #Matera #FinancialTechnology #QRCodePayments #DigitalBanking

In 2024, the Canadian finance industry will be marked by dynamic shifts and key trends: Digital Transformation Acceleration: Rapid adoption of fintech, AI, and blockchain technologies for enhanced efficiency and improved customer experiences. Open Banking Initiatives: Embracing open banking to foster competition, innovation, and give consumers more control over their financial data. Sustainable Finance Integration: Increasing focus on ESG considerations, with sustainable and responsible investing gaining prominence. Cybersecurity Prioritization: Heightened emphasis on robust cybersecurity measures to protect sensitive customer information in the digital era. Rise of Neobanks and Challengers: Disruption of traditional banking models by digital-first neobanks and challenger institutions gaining market share. Adaptation to Regulatory Changes: Financial institutions responding swiftly to ongoing regulatory changes, ensuring compliance and customer-centric practices. Enhanced Customer Experience: Continued prioritization of personalized services, user-friendly digital interfaces, and efficient transactions to meet evolving consumer expectations. Offering unsecured business loans and more flexible loan products. Remote and Hybrid Work Models: Influence of remote and hybrid work models on operational strategies within the financial industry, with technology supporting secure remote work. These trends collectively depict a financial landscape characterized by technological innovation, regulatory responsiveness, sustainability considerations, and a commitment to delivering superior customer experiences. Successfully navigating these trends is crucial for stakeholders aiming to thrive in Canada's evolving financial ecosystem in 2024.

Core Banking: Build vs Buy 🔨 In the past, so-called universal banks developed all the IT tools required for their operations in-house, involving large teams to create and maintain the functionalities necessary for the smooth running of their business. However, over the past few years, new players and new uses have been shaking up the codes of core banking, offering a new, cloud-oriented vision. The growth of this model to meet new needs and the multiplication of Core Banking providers are raising questions for financial institutions, prompting them to abandon their legacy systems: should they opt for an "In-house" solution or call on an external service provider? Insights 🔦 FR version: https://bit.ly/43gStC5 Collectif API Thinking France FinTech Finance Innovation AEFI Asociación Española de FinTech e InsurTech The LHoFT - Luxembourg House of Financial Technology The Payments Association EU FINTECH BELGIUM Fintech District Holland FinTech AFIP - FinTech and InsurTech Portugal Fintech Norway SweFinTech European Digital Finance Association Fintech Association of South Africa (FINASA) Ghana Fintech and Payments Association Association of Fintechs in Kenya Fintech Association Of Nigeria FinTecHub Rwanda Fintech Association of Uganda Tanzania Fintech Association (TAFINA) FinTech Association of Tanzania Fintech Association Of Kenya #innovation #fintech #banking #openbanking #api #financialservices #corebanking #cloud #data #buy #build #designsystem https://lnkd.in/e8jqeRtp 

🌟 Discover the Power of Banking APIs Beyond Transactions! Banking APIs are the digital adapters driving innovation beyond instant payments and embedded loans. They facilitate seamless communication and secure data exchange, empowering third parties to tap into the wealth of customers' financial data. From enabling real-time payments to fueling the growth of neo banks, APIs serve as the backbone of every transformative leap in banking. They not only help banks to introduce revolutionary products and services but also empower them to monetize data through strategic partnerships. 💼At Opus Technologies, we understand the pivotal role APIs play in shaping the future of banking. With over 26 years of experience in the digital finance space, we specialize in driving innovative API integration initiatives. Partner with us to unleash the full potential of your bank's data and stay ahead in the ever-evolving financial landscape. Learn more on our latest blog: ⤵ https://lnkd.in/ddanszpH #BakingInnovation #apiintegration #FinancialTransformation🚀

Latin America Embraces Banking-as-a-Service: Projects 14% Annual Growth through 2027 The market size for BaaS is expected to grow annually USD $2,430 billion by 2027. Open APIs play a crucial role in facilitating the integration of banking functionalities into FinTech and IT platforms.

Traditional banking software was built to support banking during business hours, but as 24/7 digital banking and instantly accessible funds have become customers' expectation, financial institutions have to evolve to meet that demand. 💸🕔 Enter Finxact. Finxact from Fiserv is a financial services platform built to provide real-time banking solutions for the modern world. With a next-gen system that defies barriers of classes, currencies, and time zones, Finxact enables Fiserv clients to expand products and capabilities through innovative, flexible, and customized banking experiences around the world. Want to learn more about how Finxact is driving the discovery of solutions and improvements in banking, fintech, and embedded finance? Read more here. ⬇

🚀 🚀 🚀 Embracing Innovation🚀 🚀🚀 🏦**Canada's Leap into Open Banking**🏦 The proposed open banking system promises to revolutionize our interaction with financial services. Imagine having personalized financial advice, innovative budgeting tools, and seamless management of your finances at your fingertips. 📲 As we stand on the brink of this transformation, it's crucial to stay informed and prepared. Let's discuss how open banking can empower us as consumers and the steps we need to ensure our data remains secure. 💼🔒 https://lnkd.in/gTXdwZmg #OpenBankingCanada #FinancialRevolution #ConsumerEmpowerment #DataSecurity #Innovation #Fintech

South Africa's banking future. In this episode of the Paytech Show, Grant Grant A Truter PMP® PRINCE2® from BPC Banking Technologies, Bruce Paveley from TymeBank, and Dieter Botha from Tyme Group, uncover a partnership that is revolutionising banking in areas like South Africa. We hear about the successful integration of digital and physical banking solutions and the implementation of BPC’s seamless card issuance service. The story of TymeBank itself is also inspiring and shows incredible growth in an underserved region. In this great episode we hear about the factors that have made financial inclusion happen from cloud scalability to collaboration. https://lnkd.in/gu5xJzeC #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

The future of banking is open, connected, and hyper-customized thanks to APIs 🌟 See how open banking and APIs are enabling the next generation of financial innovation and connectivity in our latest blog! In this blog, we explore: ✔️ How APIs work and why they're a gamechanger for banking ✔️ The business benefits of APIs - acceleration, innovation, new experiences ✔️ Real-world API use cases transforming banking today ✔️ Sneak peeks at the API-enabled financial future From digital-only banking to seamless B2B processes, APIs are catalyzing immense innovation across banking and finance. Read now to understand how APIs enable the next generation of financial products, connectivity, and value-creation! Let us know what you think! #Instantpay #OpenBanking #APIs #DigitalTransformation #Fintech https://lnkd.in/gJf7Dp97