Home » Nubank Seeks to Acquire Traditional Bank to Satisfy Brazilian Regulatory Requirements

Nubank Seeks to Acquire Traditional Bank to Satisfy Brazilian Regulatory Requirements

by Jennifer Mackenzie



Nubank Seeks to Acquire Bank to Appease Brazil's RegulatorsAccording to recent reports, Nubank is strategically pursuing the acquisition of a small bank in Brazil, driven by new regulatory restrictions that prohibit fintech companies from using banking-related names without an official banking license. As an alternative approach, the company could also pursue obtaining a direct banking license to comply with these regulatory requirements. Nubank […]



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