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IBM and the Argentine Chamber of Fintech promote Fintech startups

Banking is changing across the world and Argentina is no exception. The country is taking steps to improve its digital ecosystem and reduce costs whilst simultaneously increasing access to banking through novel fintech solutions. This has helped to create a number of fintech startups that offer purely online services but do not have physical branches, following the trend of neo-banks in Europe.

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IBM and the Argentine Chamber of Fintech have signed an agreement to promote innovation and digital transformation in the Fintech services and banking industry. IBM will support the chamber in the development of activities such as training, coaching, workshops, and access to IBM’s Public Cloud technology through the Startup with IBM program.

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Fintech services

IBM and the Argentine Chamber of Fintech have a strong commitment to the development of the country as a hub of innovation and Fintech inclusion that is a regional and international reference. Therefore, this agreement will strengthen the synergy between the entire local ecosystem to promote the development of Argentinean startups with emerging technological solutions.

IBM will make more than 130 services available through IBM Public Cloud to ensure access to technologies such as the Internet of Things (IoT), Blockchain, Big Data, Analytics, Machine Learning, Artificial Intelligence, Security, among others. The company will provide access to its program of entrepreneurs Startup with IBM with subsidized credits for the development of their products and/or services up to $120,000 per year.

In addition, as part of the agreement, IBM technical, industry and business professionals will offer mentoring and conduct meetups, workshops and seminars. To promote the technological inclusion of the entire Fintech ecosystem, the chamber will apply Design Thinking techniques and Agile methodologies.

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Argentina’s Fintech industry

“We are very happy to join IBM in this journey of development and strengthening of our industry. Fintech companies are leveraging on technologies that allow robust growth, so having a partner like IBM is strategic to empower startups in our chamber, giving them access to more and better technology,” said Mariano Biocca, General Coordinator of the Argentine Chamber of Fintech.

“IBM has accompanied the transformation of the banking sector for more than 96 years in Argentina. Today the market and clients demand more agile, secure and personalized solutions, for which a greater integration between the entire local digital banking ecosystem, which includes traditional banks and Fintech startups, is key. This agreement will allow us to support the growth of local organizations. Argentina has enormous potential and talent to accelerate innovation and scale quickly,” said Agustín Gattas, Sales Director of IBM Argentina.

The Startup with IBM program has had a very positive impact on the promotion of solutions and projects for Fintech entrepreneurs in Argentina. Some startups that already work together with IBM are Credility, Eye Capital, Flexibility and Pareto, among others.

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(Featured image by StartupStockPhotos via Pixabay)

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First published in TyN MAGAZINE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Isaac Atwood is a PR and marketing consultant who has worked with respected names in the financial industry. He has also sat down in many sessions with startups aiming to become the next unicorn. Isaac loves working with CEOs, business executives, and entrepreneurs who wish to enter the following markets: artificial intelligence, cannabis, virtual reality, cryptocurrencies, robotics, wearable and smart tech, and even the much-hyped space race. He is currently managing the brand portfolio of an Asian firm planning for its IPO by the end of the year. While his engagements have taken him around the world, Isaac is proud to call Toronto his home.