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Nubank Delivers $637M Q2 Profit, Beats Expectations

Nubank Delivers $637M Q2 Profit, Beats Expectations

Hey Digital Banking Fanatic! Nubank just crushed its Q2 numbers, posting a 42% jump in net profit to $637M, sending shares up over 8% in after-hours trading. Revenue hit $3.7B, up 40% YoY, driven by operational leverage and a shift in strategy: the next wave of growth in Brazil

Standard Chartered HK Launches Zero-Fee SC Invest

Standard Chartered HK Launches Zero-Fee SC Invest

Hey Digital Banking Fanatic! Standard Chartered Hong Kong has rolled out SC Invest. The fund investment platform features zero fees with a starting point of just HKD 100. This platform offers four globally diversified portfolios, each holding 20+ ETFs and funds, targeting emerging affluent clients who want to start small

N26 Founders May Step Aside Soon

N26 Founders May Step Aside Soon

Hey Digital Banking Fanatic! N26’s founders may soon be replaced 🤯 Some investors are reportedly losing patience and are in talks with the supervisory board about possible next steps. One option under discussion is for one founder to join the supervisory board while the other remains CEO until a successor

Santander & OpenAI Collaborate on AI-Driven Banking

Santander & OpenAI Collaborate on AI-Driven Banking

Hey Digital Banking Fanatic! Santander is diving deeper into digital transformation by partnering with OpenAI to weave generative AI into daily banking operations, with +15,000 employees already using ChatGPT Enterprise. Ricardo Martín Manjón, Santander’s Chief Data & AI officer, highlights, “In 2024 alone, AI initiatives have already delivered

Paxos Joins Crypto Firms Eyeing U.S. Bank Licenses

Paxos Joins Crypto Firms Eyeing U.S. Bank Licenses

Hey Digital Banking Fanatic! Before we get into today’s headlines, quick update: I'm launching the FinTech Quiz. Wondering what it is? It’s 11 FinTech questions covering the latest deals, launches, and shake-ups, every week. Nail a perfect 11/11 and you’ll earn a spot on

Binance Taps BBVA for Crypto Custody in Spain

Binance Taps BBVA for Crypto Custody in Spain

Hey Digital Banking Fanatic! From traditional bank to crypto bank for Binance... who saw this coming? Binance is partnering with BBVA to enable customers to keep their assets off the exchange. That means the Spanish bank is taking on the role of independent crypto custodian, not the other way around.

Brex Picks Amsterdam for Its European Debut

Brex Picks Amsterdam for Its European Debut

Hey Digital Banking Fanatic! Brex just flipped the script, is expanding from the US into the EU, with a wink at the UK next. Usually, it’s the other way around. Has any other digital bank pulled this off before? I couldn’t think of one. Can you? Let me