LATAM

Brazilian fintech giant Nubank announced on Thursday that its Mexican arm has received initial regulatory approval from the country’s National Banking and Securities Commission to begin the process of becoming a full-service bank. In a company...

Brazilian digital bank Nubank has formed a partnership with ChatGPT developer OpenAI to enhance both customer interactions and internal operations, according to a statement from OpenAI. One of the key innovations emerging from this collaboration is...

Social investing platform eToro has filed for an initial public offering (IPO) in the United States, marking a significant step in its expansion strategy. The company confirmed it has confidentially submitted a draft Registration Statement on Form...

Nubank, the Brazilian digital challenger bank, is exploring the possibility of relocating its legal base to the United Kingdom, signalling a potential boost for Britain’s efforts to attract global tech firms and investment. While discussions are...

Spain's CaixaBank is advancing its generative AI efforts with the launch of a new project, "GalaxIA," aimed at expanding the technology's use across its operations. This marks the second phase of the bank's generative AI strategy, following the...

Canadian payments processor Nuvei announced its agreement to acquire Pay2All, aiming to strengthen its presence in the Brazilian payments market. The acquisition, for an undisclosed sum, will allow Nuvei to operate as an issuer of electronic...

US-based Ripple has announced a strategic partnership with the National Federation of Associations of Central Bank Servers (Fenasbac) to drive fintech innovation in Brazil. Known for its enterprise blockchain and crypto solutions, Ripple will...

Brazilian mobile banking app PicPay , owned by the Batista family’s J&F Investimentos SA, is preparing for an initial public offering (IPO) in the United States with the assistance of Citigroup Inc. Sources familiar with the matter indicate the...

Circle , a global financial technology firm and issuer of the USDC stablecoin, has officially launched its operations in Brazil. Announced at Circle Forum São Paulo, this move aims to provide USD-backed digital dollars and digital asset...

Spanish paytech PayRetailers is acquiring Transfeera, a Brazilian platform specialising in payment processing and bank data validation, to strengthen its presence in Brazil. Transfeera's 450 customers and 62 employees will join the PayRetailers...

Mercado Pago , the fintech arm of Latin American e-commerce giant MercadoLibre, announced on Tuesday its intention to apply for a banking license in Mexico, aiming to establish itself as the largest digital bank in the country. This move places...

Nubank , the Brazilian digital bank, has reached over 100 million customers, becoming the first digital banking platform outside of Asia to achieve this milestone. The company announced the achievement in a press release on Wednesday (May 8),...

Since its inception by the central bank in late 2020, Brazil's instant-payment system, Pix, has witnessed a meteoric rise in popularity domestically, boasting over 160 million users. Now, Brazil's central bank aims to extend Pix's success onto the...

Ebury , a leading FinTech catering to SMEs, has announced an expanded alliance with Nium , a global leader in real-time payments, to introduce an innovative global remittance service in Brazil. This collaboration follows regulatory approval for...

Latin American fintech leader Nubank has unveiled impressive growth figures for its fiscal year 2023, showcasing substantial increases in customer base, revenue, and profitability across its key markets of Brazil, Mexico, and Colombia. With a...

Mexican bank Banregio's digital arm, Hey Banco , will not achieve full independence until at least December this year, extending its journey toward operational autonomy. Initially announced in February 2020, Hey Banco sought independence from...

Segura Bank International (SBI) of Puerto Rico has announced a strategic partnership with Swiss vendor Temenos to leverage its cloud-based core banking platform for the launch of its new digital bank, catering to mid-to-high earners across Latin...

Brazilian fintech Conta Simples has secured $41.5 million in a Series B funding round led by existing investor Base10 Partners. The funding will be utilised by Conta Simples to enhance its corporate card platform and expand its expense management...

While the global crypto winter has dampened enthusiasm elsewhere, Latin America is witnessing a surge in interest, particularly in Brazil, where over 4 million individuals have embraced the crypto space. This has prompted traditional financial...

After being active in Brazil for two years, the German fintech startup N26 has officially announced the cessation of its operations in the South American country. This decision was communicated through a post on the company’s website and its...