According 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 […]
Source: https://news.bitcoin.com/nubank-seeks-to-acquire-traditional-bank-to-satisfy-brazilian-regulatory-requirements/
