Brazil’s Digital Banking Platform Nubank to Support Research Initiatives at Local Universities

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation.

The initiative encourages the development of research “related to the fields of technology and finance in the academic environment and the impact they can have on society.”

Currently, NuFuturo is available in the Federal Universities of Campina Grande (UFCG) and Bahia (UFBA and IFBA), with projects that started in January this year.

After approximately 300 applications, “over 40 undergraduate and postgraduate students from Campina Grande (UFCG) and Salvador, Eunápolis, Vitória da Conquista, Feira de Santana, and Santo Amaro (UFBA/IFBA) were selected by specialists of the universities and are undergoing an intensive 18-month program to develop research projects and technological skills, based on systems and technologies used by Nubank, such as Clojure programming and data analysis methodologies.”

Guilherme Vieira, Nubank’s ESG director, said:

“NuFuturo is an initiative created by Nubank to foster science and technology in Brazil. We believe that investing in education is a way to change society through professional training and practical solutions to real problems that people and companies face. The states of Bahia and Paraíba were chosen due to the talent in the region, as well as our social impact goals, diversifying investments outside the Southeast axis.” 

Nubank built physical spaces “in the partner universities to develop the projects, seeking to enhance the experience of teachers and students.”

The rooms have adaptable environments, collaboration boards, and multimedia systems, all so that physical spaces can “reflect the values considered important for Nu and universities, such as promoting collaboration, diversity, and innovation.”

After the completion of the projects, the locations will “remain available for the academic community to continue working and holding events and activities in groups.”

NuFuturo room at UFCG, with adaptable environments, collaboration boards and multimedia system.

Currently, NuFuturo has four projects under development.

With the support of Nubank’s engineering and finance teams and professors from UFCG, UFBA, and IFBA, students from majors “such as Computer Science, Administration, and Software Engineering maintain direct contact with professionals to improve their research.”

The initiatives address topics “such as personal finance management, the development of tools to simplify people’s financial lives, and information security.”

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