Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit and over US$8 billion in revenues, which attest to the solidity, efficiency, and scalability of Nubank’s business model.

ALT21, a leading hedging and cross-border payments technology company, today announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions.

 A leading multinational bank, Access Bank Group, has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy.

As the business expands its global presence, payment orchestration provider, BR-DGE, has announced its first in-region hire for Asia Pacific.

BR-DGE has appointed Gerard Pottinger as Head of APAC to help drive the expansion and performance of the company's merchant operations and regional partnerships. Based in Sydney, Australia, Gerard was previously Head of Programmes at Entain, one of the world’s largest betting and gaming groups, where he led major projects across retail and digital domains.

87 percent of corporate treasurers have abandoned banking applications for their business due to lengthy and inefficient onboarding processes, according to new research from Encompass Corporation, the global leader in Corporate Digital Identity (CDI).

It is not just banks losing customers, as 86 percent of treasurers also highlighted that their businesses had lost revenue as a direct consequence of a bank’s slow and disjointed approach to acquiring customer information.

Sumsub, the global full-cycle verification platform, is announcing the second iteration of its Advanced Transaction Monitoring Masterclass 2024 after exceptional feedback following its initial launch in February. Over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector registered. The self-paced course helped to boost their knowledge in combating financial crime issues facing their respective companies.

Xceptor today announced the availability of the Xceptor Data Automation Platform for financial markets in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Xceptor customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.

Gen Z consumers are tapping into credit at higher levels than their Millennial counterparts did in the early stages of adulthood (ages 22-24). TransUnion released these findings today at the company’s 2024 Financial Services Summit, attended by nearly 300 global financial services executives.

KeyBank announced the launch of KeyVAM, a virtual account management solution for treasury management clients who have complex demand deposit account (DDA) structures and want to streamline their cash-flow and account structure.

Customers don’t appreciate convenience and good service anymore. The profile of the average buyer has changed beyond recognition. 

Once upon a time, someone could walk into a shop, receive quick, attentive service - and they would tell all their friends all about it. That doesn’t happen anywhere near as often these days.