Nasdaq Expands Digital Banking in Latin America
Hey FinTech Fanatic!
In today's news, Nasdaq is making big moves in Latin America, expanding its partnership with Nubank, the digital bank powerhouse serving over 100 million customers in Brazil, Mexico, and Colombia.
Nasdaq has agreed to supply Nubank with its AxiomSL regulatory reporting solution, building on their existing collaboration. This new agreement extends their support beyond treasury operations, now covering regulatory reporting in Colombia too.
The company highlights the rising demand for third-party FinTech solutions in Latin America, fueled by the rapid growth of digital banking and the need for fast market entry for new products and services.
Nasdaq supports over 50 banking and payment service clients in the region, spanning digital and traditional banks, local and regional institutions, and leading global banks.
Ed Probst, Senior Vice President, Regulatory Technology at Nasdaq said, “Digital banking services in Latin America are experiencing a period of extraordinary development, with online marketplaces, open banking and innovative technology combining to empower a new generation of consumers. Nasdaq’s technology is helping to underpin the maturation of the industry, with proven regulatory solutions substantially reducing time to market and providing a competitive advantage in such a fast-paced industry.”
Stay tuned as we continue to explore the trends and technologies shaping the future of finance in different parts of the world!
PS. I'm heading to Barcelona now for Checkout's Thrive event and to take part in the inaugural FinTech Running Club run. Will I see you there?
Cheers,
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MOVERS & SHAKERS
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