Tech Roundup: The next frontier for Brazilian fintechs

Feb 05, 2021 15:49 9 min read (Updated: Feb 05, 2021 18:12)

You’re reading The Brazilian Report’s weekly tech roundup, a digest of the most important news on technology and innovation in Brazil. This week’s topics: the right to be forgotten; the next frontier for Brazilian fintechs; what’s new in Brazil’s 5G race.

The next frontier for Brazilian fintechs

With the average Brazilian becoming more financially sophisticated in recent years, the once-unattainable dream of investing abroad is now edging closer to reality. However, the wish for Brazilians to diversify their portfolio has come up against the country’s cumbersome process for international transfers — which is where homegrown fintechs have stepped in.

New...

Tech Roundup: The next frontier for Brazilian fintechs

In this week’s Tech Roundup: the right to be forgotten; the next frontier for Brazilian fintechs; what's new in Brazil's 5G race

The next frontier for Brazilian fintechs

Access all of The Brazilian Report

Less expensive than a coffee!

Enjoy your 30-day limited-time offer for US$ 0.25 a week

Assange brother thanks Lula for support to WikiLeaks co-founder

The Assange family spoke before the Brazilian Congress, asking for support against the possible extradition of the WikiLeaks co-founder to the U.S.

Bolsonaro official signed amicus brief against Roe v. Wade

An official in the Brazilian Human Rights Ministry signed a brief that helped the U.S. Supreme Court overturn Roe v. Wade, in yet more evidence of Bolsonarism's involvement in American culture wars

Sexual harassment complaints within Brazil’s government at over one per day

Most reported victims are female, white, and aged between 20 and 39 years

What to expect from Brazil’s UN Security Council presidency

Over the course of July, Brazil will head the UN's top body. Brasília correspondent Cedê Silva investigated the country's priorities

How Bolsonaro tries to pander to truckers

Truckers are both vital to the Brazilian economy and a key support base for Jair Bolsonaro. The president has spared no expense to keep them happy, a challenging task as diesel prices soar

Brazil has the fourth-highest G20 inflation according to the OECD

Brazilian regulators keep e-cigarette ban

Brazilians traveled 41 percent less during the pandemic

Car sales in Brazil drop sharply during the first semester

Central Bank workers end strike after three months

Brazilian Justice minister tests positive for Covid

States ask Brazilians to wear masks again, as cases soar

CoronaVac vaccines will no longer be produced in Brazil

Pfizer files for approval of boosters for children aged 5 to 11

Data issues mask new Covid rise in Brazil

Electoral courts sets campaign spending caps for 2022

Former Brazilian Environment Minister Marina Silva to run for House seat

Bolsonaro promises former Defense Minister as running mate

New Datafolha polls shows stability in presidential race

São Paulo electoral court benefits former Bolsonaro minister

Despite recent positive numbers, Brazilian industry still ailing

The ebbing of the pandemic has brought higher prices, which reduced consumption. But there are deeper problems preventing the sector from getting back on its feet

Brazil braces for offshore wind boom

Regulatory advances mean Brazil is getting closer to exploiting its offshore wind potential. But the sector is not currently being developed in line with socio-environmental sustainability, civil society advocates say

Brazil’s Oi telecom: to the brink of bankruptcy and back

After six years of court-supervised recovery, Oi, Brazil’s fourth-largest telecom, may now emerge with much lower debt

Market roundup: Brazil’s debt costs continue to balloon

High inflation and the world’s steepest monetary tightening process have increased pressure on Brazil’s public debt

Bank account ownership grew more in Latin America than in any other global region

Brazil experienced double-digit bank account ownership growth since 2017. Global Findex, a World Bank report produced with Gallup every three years, surveyed over 125,000 adults in 123 economies

Facebook whistleblower supports Brazil’s ‘Fake News bill’

Big Tech has spent big bucks to lobby against the so-called "Fake News bill." But a whistleblower lauded aspects of the bill

Tech roundup: iFood’s post-boom pivot

Brazil's massive food delivery app has cut hirings and is shifting focus after the pandemic-led delivery boom

Tech Roundup: Government fails to set an example on data protection

The Brazilian government has been lackadaisical in adopting data protection protocols in government agencies

Latin American research is in Google and Microsoft servers. That is a problem

With the pandemic, education institutions moved online en masse and started using ostensibly free systems provided by big tech companies. But not enough questions are being asked about data protection

Tech Roundup: Ten years of the Access to Information Law

Experts warn that Bolsonaro is chipping away and the effectiveness of the Access to Information Law, a crucial piece of Brazil's transparency structure

Explaining Brazil #205: Bolsonaro is throwing money at his problems

The Brazilian president wants to sidestep election laws to jack up spending ahead of the election. Columnist Beatriz Rey warns of the risks of giving him such powers

Explaining Brazil #204: A second swing at Bolsonaro

The opposition failed to remove Bolsonaro from office with last year's Covid hearings. They want a new congressional investigation to hurt him at the ballot box

Explaining Brazil #203: The president v. Petrobras

While the price of gas isn't exactly the best metric to understand the economy at large, the ubiquity of fuel and its direct impact on people's monthly budgets make it an easy shorthand for the broader economic scenario — especially when prices are going up

Explaining Brazil #202: Where are Dom and Bruno?

It has been 11 days since journalist Dom Phillips and indigenous expert Bruno Pereira were reported missing. The police are yet to find the two

Explaining Brazil #201: Is the Monroe doctrine dead?

A deflated Summit of the Americas won't bring many noteworthy resolutions, though it will be interesting to see what transpires from a bilateral meeting between Presidents Jair Bolsonaro of Brazil and Joe Biden of the U.S.

Case of torture during dictatorship reaches Inter-American Court of Human Rights

"If I had returned to Brazil, I would have died," says Denise Crispim, who was tortured and exiled by Brazil's military dictatorship. She hopes for justice and reparations

Data corroborates fears about growing lawlessness in the Brazilian Amazon

Brazil saw its overall murder rate decrease in 2021, but figures saw significant spikes in the Amazon region, highlighting an ongoing trend of violence in Brazil's North

The (Danish) father of Brazilian paleontology

Peter Lund spent the majority of his life living in Brazil, helping lay the foundations for paleontology and archeology in the country. He also discovered the remains of the oldest hominid in Latin America

How Brazil’s far-right tries to muffle discussions about the Dom Phillips-Bruno Pereira murder

Far-right netizens are pushing online content about the legend of a long-lost Amazon civilization as a way of drowning out news of the murders of Dom Phillips and Bruno Pereira, which have reflected negatively on the Bolsonaro government

Exclusive: Brazilian government ignored warnings about “imminent dangers” at Vale do Javari

Journalist Dom Phillips and indigenous expert Bruno Pereira went missing ten days ago in the Vale do Javari reserve. The government was warned about the lawlessness in the region at least four times

Unknowingly, Brazilians are big consumers of shark meat. That is a problem

Lax labeling means that Brazilians often don’t realize that widely consumed dogfish is actually shark or ray meat. A campaign is trying to change that and raise awareness around conservation issues

The future of Amazon journalism after British reporter’s brutal murder

The murders of Dom Phillips and Bruno Pereira in a remote area of the western Amazon have drawn attention to the criminal dynamics at play in the rainforest and highlight the challenges and risks of carrying out reporting there

The Belo Monte Dam is killing the Amazon’s ‘house of God’

Satellites over the Amazon capture the choking of the ‘house of God’ by the Belo Monte Dam – they can help find solutions, too

The tensions within the Amazon’s Vale do Javari reserve

A journalist and an on-leave government official have disappeared in a massive reserve coveted by wildcat miners, illegal fishermen, and drug gangs

The Andes are melting, and what are we doing about it?