Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024.
With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible for overseeing and managing the credit risk function across the company globally, reporting directly to Henrique Fragelli, Chief Risk Officer (CRO).”
Tyler brings to Nubank his experience serving “as VP for Capital One Financial Corporation, the 4th largest credit card issuer and one of the ten largest banks in the United States.”
Over the last 12 years, he worked in various credit leadership roles, “both in the first and second lines of defense. For the last three years, he led Credit Risk Management as the Divisional Credit Officer for the U.S. Card.”
Henrique Fragelli said:
“We aim to redefine what it means to issue credit cards for customers and drive the market to be transparent and fair, all while being a benchmark of profitable business with principles. Tyler’s background and experience in managing the area for one of the largest American credit card issuers will be invaluable for Nubank as we continue to grow our portfolio.”
Additionally, Diego Cerutti, our former Head of Credit, Marketing and Analytics (2017 to 2022), will work closely “with Tyler as an advisor to further strengthen our risk and credit strategies.”
With more than 15 years of experience, Diego has “worked for companies such as Capital One, 2nd Order Solutions, Wagestream and X1, where he has been Chief Credit Officer.”
As covered, Nubank, which claims to be one of the world’s largest digital banking platforms outside Asia, is helping to streamline the way Brazilians interact with the government’s digital services.
Since the partnership began in May, over 3.2 million Nubank customers “have obtained a silver account on gov.br by accessing the portal via the Nu app, facilitating access to more than 4,200 digital public services, such as the Digital Traffic Card, My Digital SUS, and the INSS proof of life.”
Currently, about 40,000 new Nubank customers “are connected to gov.br daily, making Nu the financial institution participating in the program that generates the most user connections and, consequently, access to the silver account and its benefits.”