Tagged: brazil

May 9, 2023 @ 12:28 pm By Omar Faridi  |  

Finastra has announced that Banco Sofisa, a nationally ranked São Paulo, Brazil-based financial institution known for its Sofisa Direto digital bank, has partnered with Finastra “to implement Vector Risk, a market and credit risk solution.” Delivered via Finastra’s FusionFabric.cloud and hosted on Microsoft Azure, Vector… Read More

May 6, 2023 @ 10:25 am By Omar Faridi  |  

Brex announced new global capabilities that significantly expand its ability to support US multinational businesses operating in Brazil, Canada, Israel, Japan, Mexico, Singapore, South Africa, the Philippines, 36 European countries, and more. In addition to spending and paying in local currencies, Brex is “launching VAT… Read More

April 28, 2023 @ 8:29 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the largest digital financial services platforms in the world, reportedly reached the milestone of 80 million customers in Latin America “in the first week of April 2023, where it maintains operations in Brazil, Mexico and Colombia.”… Read More

April 27, 2023 @ 10:15 pm By Omar Faridi  |  

FinanZero, the online credit marketplace in Brazil, recently announced that it has raised USD 1.5 million in a funding round. The proceeds from the investment round will be “used towards strengthening FinanZero’s position in the market through product development, specifically developing new online financing products… Read More

April 26, 2023 @ 10:02 pm By Omar Faridi  |  

InComm Payments, a payments technology company, today announced the launch of InComm Payments Brazil Technology Ltda., an information technology (IT) hub dedicated to developing payments solutions “for industries including retail, financial services, mobile payments and more.” Based in Fortaleza, the IT hub “expands InComm Payments’ Brazil… Read More

April 24, 2023 @ 6:47 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital financial services platforms, announces NuPay – which is described as “the exclusive online payment service for Nubank customers – as the newest payment method on iFood, a Brazilian technology company.” As of… Read More

April 3, 2023 @ 6:42 am By Omar Faridi  |  

In yet another initiative with the aim of taking care of our planet, C6 Bank launched the Carbon Extract, being the “first” bank in Brazil to launch a tool of this type in its application. In this new bank tool, it is possible “to calculate… Read More

March 29, 2023 @ 8:38 am By Omar Faridi  |  

ZEBEDEE, a payments processor, has announced an overhaul of how users can move money across the world. The upgraded feature for borderless transactions showcases “the power and potential of global, friction-free and currency-agnostic payments and represents a significant improvement and simplification of how anyone can… Read More

March 28, 2023 @ 11:33 am By Omar Faridi  |  

Nubank (NYSE: NU) reveals that it has supported the financial inclusion of 5.7 million Brazilians in the credit card market in one year, according to a study released by Data Nubank – the company’s research and analysis platform on finances. The survey analyzed “the spending… Read More

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 5, 2023 @ 9:26 pm By Omar Faridi  |  

Nubank, one of the largest digital financial services platforms in the world, announces the launch of Nucoin, “a free-of-charge native crypto token that rewards users’ engagement through a loyalty program.” First announced in late 2022, the novelty was “developed through a decentralized creation process, gathering… Read More

March 1, 2023 @ 10:23 am By JD Alois  |  

Thunes, a payments and transfers Fintech, has announced a new head of Latin America. Victor Lucena will now lead the Fintech in its efforts to expand its services. As Head of LATAM, Lucena will manage all aspects of Thunes Latin American operations. He will be… Read More

February 23, 2023 @ 12:29 pm By Omar Faridi  |  

FinanZero, the online credit marketplace in Brazil, announces that it has reached 40 million loan applications made through its platform to date. FinanZero was “founded in São Paulo in 2016 by Swedish entrepreneurs Olle Widén and Kristian Jacobsson together with Swedish-Brazilian investment firm Webrock Ventures.”… Read More

February 18, 2023 @ 3:53 pm By Omar Faridi  |  

EBANX, a fintech company that specializes in international payments in rising markets, has been authorized by the Central Bank of Brazil (Bacen) “to offer a payment initiator service through Pix.” The PISP (Payment Initiation Service Provider) license “expands the range of services the global payments… Read More

February 17, 2023 @ 4:17 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the world’s largest digital financial services platforms, released its Fourth Quarter & Full Year 2022 financial results. Financial results are “expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” The full earnings… Read More

January 31, 2023 @ 1:48 pm By Omar Faridi  |  

Binance and Mastercard (NYSE: MA) are excited to announce the launch of Binance Card in Brazil. Brazil is among “the top ten markets for Binance globally and becomes the second country in Latin America to have the product, following its release last year in Argentina.”… Read More

January 25, 2023 @ 10:37 pm By Omar Faridi  |  

Young Brazilians already “demonstrate mastery of basic concepts of financial education and how to spend money thinking about the future,” according to an update shared by C6 Bank. The most recent survey by C6 Bank/Datafolha indicated, for example, “that 50% of boys and girls aged… Read More

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

January 1, 2023 @ 5:13 pm By Omar Faridi  |  

C6 Bank has again expanded the investment options available to its clients. Now, there are reportedly more than 500 funds listed on C6 Invest, the investment platform that is within the bank’s application. Among the options “are fixed income, equity, multimarket, currency and crypto funds,… Read More