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MIF announces first integration program between FINTECHS and Financial Institutions

Feb 27, 2017

In the context of the 2017 World Mobile Congress, the IDB's Multilateral Investment Fund (MIF) announced the creation of FINCONECTA, a program that integrates solutions between technology companies (FinTechs) and financial institutions (FIs).

FINCONECTA is a 10-month program that hopes to promote financial inclusion. Under the coordination of Above & Beyond, it includes a process of connection, fusion and acceleration between FinTechs and FIs so they can collaborate and drive responsible growth in the financial industry. Starting in April 2017, registration on the platform will be open to all types of FinTechs and IFs.

Participants will interact through a single platform, allowing FIs to evaluate multiple technology solutions provided by the FinTechs and adapt them to their needs. FinTechs will have direct access to FIs and contribute to the digitization process in Latin America and the Caribbean.

The results of the program will be announced in the context of Foromic 2017, to be held in Buenos Aires next November.

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source oflong-term financing for economic, social and institutional development in Latin America and the Caribbean.The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

About Above & Beyond

Above & Beyond (a&b) is a company dedicated to supporting financial institutions in defining and executing efficient digital transformation strategies. a&b provides the integration technology, as well as the technological platform, for its implementation.
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En 2017 la inversión de Private Equity y Venture Capital superó cualquier máximo registrado: 5.000M€

Madrid, 29 de mayo 2018.- Miguel Zurita, recién nombrado presidente de la Asociación Española de Capital, Crecimiento e Inversión (ASCRI), ha presentado esta mañana los resultados de la actividad de Venture Capital & Private Equity en España en 2017 y en el primer trimestre 2018 durante la inauguración del Congreso Anual ASCRI. El evento, que ha contado con la colaboración de PwC, ICO, ICEX-Invest in Spain, Cofides y la Fundación Rafael del Pino, ha sido presentado por Irene Garrido, Secretaria de Estado de Economía y Apoyo a la Empresa. Han participado también Piel Luigi Gilibert, Chif Executive del European Investment Fund (FEI), fondos de venture capital internacionales como Atomico o Rakuten y casos de éxito como Volotea, Keraben o Grupo Eugin.
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ASCRI and BID-FOMIN sign a collaboration agreement with The Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina And Colombia

30 May 2018 . The Spanish Venture Capital & Private Equity Association (ASCRI), at its annual Conference held on 29 May, signed an agreement with BID-FOMIN and the Venture Capital & Private Equity Associations in France, Chile, Mexico, Argentina and Colombia. The objective of this alliance is to build bridges between both continents to promote bilateral investments, strengthen the business ecosystem and develop an information exchange platform.

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