Intelligent CIO LATAM Issue 11 - Page 9

NEWS

Mexican microlender CAME selects Mambu to support expansion plans

Mexican microlender , CAME ( Consejo de Asistencia al Microentrepreneur SA de CV ), a Mexican financial institution , which offers specialized financial services for small and micro businesses , has migrated its operations to leading cloud banking platform Mambu . its services in markets it has served for nearly 30 years , with greater velocity and agility , as it looks to triple its customer base by 2025 .

CAME offers dedicated financial products for micro businesses such as credit , savings accounts and equity investment vehicles . its customer base via leveraging new technologies as authorized by the National Banking and Securities Commission ( CNBV ). With Mambu ’ s cloud banking platform , CAME will optimize the delivery of its services to drive on-going innovation and development of its business model .
The move will enable CAME , a regulated lending entity , known as a ‘ Sofipo ’, to expand
The lender plans to report exponential growth in the next four years and triple
Pablo Varela , CAME ’ s General Director , said : “ In our quest to continue supporting the development of micro-businesses in Mexico , we have taken this leap with regards to the modernization and evolution of our systems .
“ The opening of the CNBV has been an important step to modernize the sector , and with it we can incorporate new technologies and state-of-the-art digital platforms so that our current and prospective clients will enjoy complete security that will advance over time . We will always be their ally and support their business development .”

Equinix to expand into Chile and Peru with acquisition of four Entel data centers

Digital infrastructure company Equinix has announced its planned expansion into Chile and Peru . It aims to acquire four data centers from Empresa Nacional De Telecomunicaciones S . A . ( Entel ), a leading Chilean telecommunications provider , for an enterprise value of approximately US $ 705 million .

“ Chilean , Peruvian and multinational companies are thirsting for the digital infrastructure required to thrive in today ’ s economy ; with today ’ s expansion , we ’ re broadening digital access and accelerating Digital Transformation across Latin America , while supporting growth in a responsible and sustainable manner .”
The acquisition is expected to close in Q2 of 2022 , subject to the satisfaction of customary closing conditions . The transaction includes three data centers in Chile . It may also include one data center in Peru pending finalization of a definitive agreement .
With three data center sites in Santiago , Chile , the transaction also includes significant expansion capacity for future growth there , allowing Equinix to support both immediate and future growth in the region . Under the terms of the agreement , Equinix and Entel have agreed to form a strategic partnership to enable enterprises in Chile and Peru to leverage hybrid multi-cloud solutions to accelerate their Digital Transformation .
Charles Meyers , President and CEO , Equinix , said : “ Latin America holds enormous potential , and our commitment to the region has exponentially grown since we entered back in 2011 .
www . intelligentcio . com INTELLIGENTCIO LATAM 9