Tagged: brazil

August 26, 2024 @ 7:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

August 22, 2024 @ 10:32 am By JD Alois  |  

The Brazilian Securities and Exchange Commission (CVM) has now approved two Solana-based ETFs (SOL). The first was approved earlier this month, offered by a Brazilian asset manager QR Asset, according to reports. The second was approved this past week. Solana joins a global movement of… Read More

August 15, 2024 @ 6:16 am By Omar Faridi  |  

C6 Bank, a Brazilian bank whose partner is JPMorgan Chase, reported a net profit of R$969 million between January and June 2024. The bank’s first half-year profit, the result is being attributed to the ongoing work to expand revenues, control costs and stabilize “provisions for… Read More

August 13, 2024 @ 10:06 pm By Omar Faridi  |  

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

August 12, 2024 @ 2:13 pm By Omar Faridi  |  

Visa (NYSE: V) data shows spending at the 2024 Olympic Games is boosting the French economy The biggest share of overseas spend “comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.” Visa, the official payment technology partner of… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

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… Read More

August 6, 2024 @ 2:42 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

August 4, 2024 @ 8:33 pm By Omar Faridi  |  

Nubank (NYSE: NU), 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… Read More

July 31, 2024 @ 10:42 pm By Omar Faridi  |  

Ripple, the enabler of enterprise blockchain and crypto solutions, and Fenasbac, the National Federation of Associations of Central Bank Servers, announced a partnership to advance fintech innovation in Brazil through the Next accelerator program. Their combined effort will “support the development of scalable financial services… Read More

July 23, 2024 @ 11:11 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the expansion of the cryptocurrency price alert service available on Nubank Cripto, the crypto trading platform on the Nubank app. Throughout August, all of the company’s 92 million customers in Brazil “will have access to the feature.” Through the new tool,… Read More

July 19, 2024 @ 12:40 pm By Omar Faridi  |  

The Laboratório de Inovações Financeiras e Tecnológicas (LIFT), a joint initiative of Banco Central do Brasil (BCB) and Federação Nacional de Associações dos Servidores do Banco Central, announces the resumption of activities following a hiatus in 2023. Since its inception bac in 2018, the laboratory… Read More

July 18, 2024 @ 2:36 pm By Omar Faridi  |  

In another step towards contributing to the development of the ETF market in Brazil, Nu Asset Management (Nubank’s investment fund manager) announces two new solutions: the Nu Ibov Smart Low Volatility B3 (LVOL11) and the Nu Ibov Smart High Beta B3 (HIGH11). The two ETFs… Read More

July 14, 2024 @ 12:19 pm By Michael Wong  |  

European banking giant BNP Paribas announced that it has launched the BNP Paribas Cross Asset Trend and AI Index in Brazil in partnership with AI-driven investment solutions company QuantumStreet AI. The newly launched index marries traditional trend-based investment strategies with advanced AI technology provided by… Read More

July 12, 2024 @ 5:21 pm By Omar Faridi  |  

Nubank (NYSE: NU) customers across Brazil now have access to a new alternative for fuel payment transactions. Users of the Shell Box app, Shell’s platform for experiences, “can now enjoy the convenience of paying for their fuel using NuPay, an online payment method for Nubank… Read More

June 28, 2024 @ 5:43 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside Asia, announced on the results of the seventh edition of Nubank Data, this time with the theme Financial Health and Well-Being: Access Beyond Credit. The study focuses on the journey… Read More

June 25, 2024 @ 2:23 pm By JD Alois  |  

Financial services are best when they are ubiquitous but not obtrusive – there when you need them, but otherwise, not in the way. This is the goal of Fintech everwhere and embedded financial services. In Brazil, iFood Pago, a digital bank for restaurants, is taking… Read More

June 20, 2024 @ 11:56 am By Michael Wong  |  

Celcoin, a player in the Banking-as-a-Service (BaaS) financial technology market in Brazil, has announced raising $125 million in its latest funding round led by global growth equity investor Summit Partners. The funding aims to bolster Celcoin’s expansion plans and reinforce its commitment to providing financial… Read More

May 30, 2024 @ 8:33 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform in the world outside of Asia, announces the launch of its cryptocurrency transfer functionality. Now, customers can send and receive crypto assets “directly from their wallets.” The solution, which is being gradually rolled out,… Read More

May 19, 2024 @ 11:50 am By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), which claims to be one of the world’s largest digital banking platforms, released its First Quarter financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “In May… Read More

May 10, 2024 @ 8:54 am By Omar Faridi  |  

Nubank (NYSE: NU) announced that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement reportedly comes on “the heels of record 2023 financial results, with over US$1… Read More