Brazil


Brazil’s central bank mulls new rules to boost fintech

The Central Bank of Brazil is eyeing up new regulations this year to oversee and assist fintech firms across the nation, according to Reuters. In a Reuters interview with the bank’s director, Otavio Damaso, he says increased innovation and a growing number of fintechs are all “very positive” for the efficiency of Brazil’s financial system. […]

Tesco Bank suspends online transactions due to cyberattack

UK-based Tesco Bank has revealed that 20,000 of its customers had up to £2,000 stolen from their accounts in a cyberattack. As a result, all online transactions have been frozen for 24 hours until the situation is bank “under full control”, according to Benny Higgins, Tesco Bank’s CEO.

Elo and Discover mark “first” transaction for global network boost

Elo, the “first” 100% Brazilian card brand, conducted its first international transaction in the US on the Discover Global Network. This transaction marks the official acceptance of the Elo Global Card in the US. The cards are issued by Banco do Brasil, Bradesco and Caixa Econômica Federal, and will be used for international purchases and […]

Samsung Pay launches in Brazil

Samsung Electronics will roll out Samsung Pay in Brazil tomorrow (19 July), the first market in South America to introduce its mobile payment service. The service will launch with “major issuers” including Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro and Santander. Additionally, Samsung says it is working with other bank partners including Banrisul, Bradesco, […]

Neon aims to light up banking in Brazil

Brazilian online bank Neon has launched – offering accounts only accessed through a smartphone. The bank, founded by 24-year-old entrepreneur Pedro Conrade, is targeting the millennial crowd and its goal is to reach 100,000 active customers in its first year of operation. Neon says it will be the first bank in Brazil to use biometric […]

Brazil-based digital bank Banco Original live with new treasury tech

Banco Original, a pure-play digital bank in Brazil has gone live with a new treasury management system, OpenLink’s Findur. The vendor says the implementation was completed in ten months. Findur is the bank’s new cross-asset and treasury solution, integrated with internet banking and handling a range of financial products such as bank certificate of deposit […]

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