When you hear Latin America, you probably think of warm people, good weather and beautiful beaches, and you’re right: honestly, who wouldn’t want some downtime here. But what if we told you, Latam is actually as exciting for work as it is for play—especially if you’re an ambitious entrepreneur or operator looking to build and scale a next-generation FinTech company.
“No, not another compliance article 😱!” Which is what you’re probably thinking, but this one’s different! It’s the one you’ll like. Storytime: You’re probably familiar with one of the most notorious criminals in history – Al Capone. If so, you know that when he was finally tried for his offenses, all he could be convicted with was TAX EVASION.
Ensuring users are who they claim to be is without a doubt, one of the most critical steps to implement within your online services, be it at onboarding or checkout. Why is this so important, you may ask? Because without the reassurance that comes with having legitimate, verified users, your platform and clients could be left exposed to potential security threats.
You don’t need to be a marketing expert to know that user experience matters these days. You probably already have some metrics to measure this in your company, from NPS to conversion rates at each stage of your funnel. And you are right! Bad UX can cause a loss in customers: studies show that 60% of customers who’ve had poor customer experience are unlikely to return.
If we’ve learned something in the last few months, it’s that the industry of lending and microcredits is booming in Mexico, with companies like Konfio receiving more than USD $100 million in recent weeks. And all these companies have something in common: they need to be compliant with Mexican financial sector laws and regulations, which is easier said than done – especially for those who are just launching here.
The Vacation Rental industry has, in recent years, become very targeted by fraudsters because of its high-ticket items (the average price of a fraudulent booking ranges from $238-$588, according to Sift Science) and intangible goods – which means there is nothing to collect. In addition, with instant booking capabilities, it becomes increasingly difficult for small teams to investigate every transaction and quickly detect fraudulent activity.
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