Markets are now pricing in a markedly more dovish Fed rate path post-SVB crisis, but we think repricing is excessive. Still, the prospects of marginally lower terminal Fed funds rate and weaker dollar could support EM local currency debt. We survey r...

We asked 900 consumers to highlight where EM fintechs needed to improve the most for them to engage. Top responses: the sign-up process, convenience, transaction execution, platform design and customer education. In Indonesia and Kenya trust is a key...

Emerging markets banks have underperformed in recent days but investors are not yet discriminating for duration risk. We highlight the EM banks whose capital is most exposed to any downward revaluation of their investment portfolios. Chilean and Braz...

SVB shares fell 60% yesterday; its profitability took a hit after deposit withdrawals forced it to sell bonds at a loss. We highlight the emerging market banks most exposed to a similar scenario in the event of unexpected deposit withdrawals. LatAm b...

We asked 215 emerging market fintechs to highlight what they regard as the key value they bring to their customers. Top responses: Seamless execution, fast approvals. Costs are targeted in Indonesia, convenience in the Philippines. Blockchain fintech...

Fundamental Research Corp has issued a report entitled “Obtains a Key Asset from Vale” and dated February 22, 2023. The full report is now at www.researchfrc.com.