Nasdaq wants to expand its digital bank FinTech presence in Latin America. The tech company agreed to provide its AxiomSL regulatory reporting tool to Nubank, the region’s digital banking giant, according to a Monday (Sept. 23) press release. “The agreement extends Nasdaq’s existing partnership with...
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. As for the data, last week saw a slowing...
Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth, with around 60% of Brazilian adults using its app and its stock up 109% over the past year. However, the...
It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place overseas this week. Chinese FinTech Futu, which still tops the index with a 300-point percentage...
September 13, 2024
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index was flat, up a scant 0.06%. As for the data, last week saw a slowing labor market, while jobless claims released on Thursday inched up […]
August 23, 2024
It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place...
July 23, 2024
The eternal debate in financial services technology boils down to build vs. buy, and whether to rip and replace core banking operations. Banks have invested a lot of time and...
June 28, 2024
The FinTech IPO Index climbed 2.2% this week as a spate of acquisitions dominated the headlines headed into the end of the second quarter. One of those acquisitions came from...
September 23, 2024
Nasdaq wants to expand its digital bank FinTech presence in Latin America. The tech company agreed to provide its AxiomSL regulatory reporting tool to Nubank, the region’s digital banking giant, according to a Monday (Sept. 23) press release. “The agreement extends Nasdaq’s existing partnership with Nubank, which includes providing the technology that underpins the bank’s […]
September 05, 2024
Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth, with around 60% of Brazilian...
June 26, 2024
Digital banking platform Nubank has acquired data intelligence company Hyperplane, saying this move will accelerate its artificial intelligence (AI)-first strategy. With the addition of Hyperplane’s capabilities to Nubank’s existing AI...
May 08, 2024
Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the first digital banking platform to mark this...