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 resources, Nubank will be able to offer its customers smarter, fairer and more personalized financial...
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants and consumers — were dominant in the headlines. With stocks remaining volatile in the wake of those earnings...
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 milestone outside of Asia. “In 2013, we had set ourselves the ambitious goal to reach 1 million...
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021. From April 16 through May 23, Nu’s new yield will be 14.75%, Bloomberg reported Tuesday (March 26)....
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 InsurTech provider Huize, which saw its stock top the $1 mark after a rocky Q2 in which its share price slipped below $0.57. In an […]
May 17, 2024
Call it the week of the platform. Earnings reports from firms that focus on bringing supply and demand together — in lending, for example, or for modernizing payments between merchants...
March 01, 2024
The earnings avalanche continues. The FinTech 100 Index gained 5.2% in a week that saw most names rocket higher. Expensify surged 30% higher. The company said this past week that fourth-quarter revenues came...
September 29, 2023
A volatile week on Wall Street is bringing the third quarter to a close. And for the FinTech IPO Index, the slight gains of 0.2% came as platforms and international...
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 resources, Nubank will be able to offer its customers smarter, fairer and more personalized financial products and services, the companies said in a Wednesday (June […]
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...
March 26, 2024
Digital bank Nu Holdings will lower the yield on its high-yield savings accounts in Mexico after the country’s central bank cut its key rate for the first time since 2021....
February 06, 2024
Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to...
