Nubank posts $1bn full year net profit
Brazilian digital bank Nu swung from a net loss in 2022 to a $1 billion net profit in 2023 on revenues of more than $8 billion.
Source: finextra.com
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Nium and Ebury team on cross-border payments for SMEs in Brazil
Ebury, one of the world’s largest fintech companies specializing in transactions for SMEs, today announced its partnership expansion with Nium, the leader in real-time global payments, to deliver a groundbreaking global remittance service in Brazil.
Source: finextra.com
Revolut launches robo-advisor in Ireland
Revolut, the global financial super-app with more than 35 million customers globally, has launched its own Robo-Advisor service in Ireland. The new product allows customers to save time and automate investing tailored to their needs.
Source: finextra.com
EU CBDC: What do we know so far about the digital euro?
The European Central Bank (ECB) has been working on developing the digital euro, a central bank digi...
Source: finextra.com
Singapore warns banks to prepare for quantum computing cyber threat
The Monetary Authority of Singapore has told the country's financial institutions to make sure they are prepared for the rising cybersecurity risks posed by quantum computing.
Source: finextra.com