Today, Nasdaq unveiled its expanded footprint in the Latin American fintech landscape by partnering with Nubank, a prominent digital bank that boasts over 100 million customers in Colombia, Brazil and Mexico. As part of this collaboration, Nasdaq will supply its AxiomSL regulatory reporting solution to enhance Nubank’s compliance and reporting capabilities.
This partnership not only positions Nubank to strengthen its regulatory framework but also reflects the growing importance of innovative financial technologies in the rapidly evolving banking sector across Latin America.
Making a Mark in the FinTech Sphere
With this move, Nasdaq continues to solidify its role as a key player in the fintech arena, driving advancements that support the growth and resilience of digital banking in the region. This agreement builds on Nasdaq’s already established partnership with Nubank, further solidifying their collaborative efforts in the digital banking space.
Previously, Nasdaq has provided the technology that supports Nubank’s treasury functions, facilitating the management of its fixed income and money market operations.
Now, with the addition of the AxiomSL regulatory reporting solution, Nubank is poised to enhance its compliance framework, specifically addressing its regulatory reporting obligations in Colombia.
As the partnership evolves, it highlights the significance of technology in driving efficiency and compliance in the fast-paced world of digital banking, ensuring that Nubank can continue to serve its growing customer base effectively and responsibly.
Expanding Digital Banking in Latin America
Nasdaq boasts a diverse client portfolio in Latin America, comprising over 50 banking and payment services organizations. This impressive range includes both digital and traditional banks, as well as local and regional players alongside tier one global financial institutions.
This extensive presence highlights their dedication to supporting a wide spectrum of banking entities, providing them with the advanced technological solutions necessary to navigate the evolving financial landscape.
This broad client base not only highlights the trust financial institutions place in Nasdaq’s offerings but also emphasizes the company’s pivotal role in driving innovation in the banking industry across Latin America.
In the past year, more than half of Nasdaq’s Latin American clients utilizing the AxiomSL and Calypso technology solutions have opted to deepen their partnerships, reflecting a growing trust in Nasdaq’s capabilities.
This expansion comes amid a solid increase in the number of new customers embracing these advanced technologies, highlighting the rising demand for innovative financial solutions in the region.
The combination of existing clients expanding their use of Nasdaq’s technology alongside a surge in new partnerships indicates a strong market appetite for cutting-edge fintech solutions that drive growth and resilience in an increasingly competitive landscape. As Nasdaq continues to strengthen its presence in the region, it is well-positioned to support the evolving needs of both established and emerging financial players.