Nasdaq Expands Digital Bank FinTech Presence in Latin America
Nasdaq has expanded its digital bank financial technology presence in Latin America, agreeing to provide its AxiomSL regulatory reporting solution to Nubank, a leading digital bank with over 100 million customers across Brazil, Mexico, and Colombia. This expansion reflects the growing demand for third-party fintech solutions in the region, driven by rapid digital banking growth and the need for technology supporting quick product launches.
Nasdaq serves over 50 banking and payment services clients in Latin America, offering technologies like AxiomSL for financial and regulatory reporting, and Calypso for treasury, risk, and collateral management. In the past year, over half of Nasdaq's Latin American clients have expanded their technology partnerships, alongside strong new customer growth.
The expansion comes amid a 340% growth in fintech startups in Latin America over the last six years, with regulatory frameworks evolving to support open finance and digital banking. Nasdaq's technology aims to help banks navigate the complex regulatory environment across multiple jurisdictions, enabling responsible scaling in this fast-paced industry.
Nasdaq ha espanso la sua presenza nella tecnologia finanziaria delle banche digitali in America Latina, accordandosi per fornire la sua soluzione di reporting regolamentare AxiomSL a Nubank, una delle principali banche digitali con oltre 100 milioni di clienti in Brasile, Messico e Colombia. Questa espansione riflette la crescente domanda di soluzioni fintech di terze parti nella regione, alimentata dalla rapida crescita del banking digitale e dalla necessità di tecnologie che supportino il lancio rapido dei prodotti.
Nasdaq serve oltre 50 clienti nei settori bancario e dei servizi di pagamento in America Latina, offrendo tecnologie come AxiomSL per la reportistica finanziaria e regolamentare e Calypso per la gestione della tesoreria, del rischio e delle garanzie. Nell'ultimo anno, oltre la metà dei clienti di Nasdaq in America Latina ha ampliato le proprie partnership tecnologiche, insieme a una forte crescita di nuovi clienti.
L'espansione avviene in un contesto di 340% di crescita delle startup fintech in America Latina negli ultimi sei anni, con i quadri normativi che si evolvono per supportare la finanza aperta e il banking digitale. La tecnologia di Nasdaq mira ad aiutare le banche a navigare nel complesso ambiente normativo attraverso più giurisdizioni, consentendo una scalabilità responsabile in questo settore in rapida evoluzione.
Nasdaq ha ampliado su presencia en la tecnología financiera de bancos digitales en América Latina, acordando proporcionar su solución de informes regulatorios AxiomSL a Nubank, un banco digital líder con más de 100 millones de clientes en Brasil, México y Colombia. Esta expansión refleja la creciente demanda de soluciones fintech de terceros en la región, impulsada por el rápido crecimiento de la banca digital y la necesidad de tecnologías que apoyen el lanzamiento rápido de productos.
Nasdaq atiende a más de 50 clientes en el sector bancario y de servicios de pago en América Latina, ofreciendo tecnologías como AxiomSL para informes financieros y regulatorios, y Calypso para gestión de tesorería, riesgos y colaterales. En el último año, más de la mitad de los clientes de Nasdaq en América Latina han ampliado sus asociaciones tecnológicas, junto con un fuerte crecimiento de nuevos clientes.
La expansión se produce en medio de un crecimiento del 340% en las startups fintech en América Latina durante los últimos seis años, con marcos regulatorios que evolucionan para apoyar la finanza abierta y la banca digital. La tecnología de Nasdaq tiene como objetivo ayudar a los bancos a navegar el complejo entorno regulatorio en múltiples jurisdicciones, permitiendo una escalabilidad responsable en esta industria de rápido movimiento.
NASDAQ은 라틴 아메리카에서 디지털 은행 금융 기술의 입지를 확장하여, 브라질, 멕시코 및 콜롬비아 전역에 1억 고객 이상을 보유한 주요 디지털 은행인 Nubank에 AxiomSL 규제 보고 솔루션을 제공하기로 합의했습니다. 이번 확대는 디지털 뱅킹의 급속한 성장과 신속한 상품 출시를 지원하는 기술의 필요성에 힘입어, 이 지역에서 제3자 핀테크 솔루션에 대한 수요가 증가하고 있음을 반영합니다.
NASDAQ은 라틴 아메리카에서 50개 이상의 은행 및 결제 서비스 고객을 서비스하며, 금융 및 규제 보고를 위한 AxiomSL과 재무, 리스크 및 담보 관리를 위한 Calypso와 같은 기술을 제공합니다. 지난 1년 동안 NASDAQ의 라틴 아메리카 고객 중 절반 이상이 기술 파트너십을 확장했으며, 동시에 신규 고객도 강력한 성장세를 보였습니다.
이번 확대는 지난 6년 동안 라틴 아메리카에서 340% 성장한 핀테크 스타트업의 상황 속에서 이루어지며, 개방형 금융과 디지털 뱅킹을 지원하기 위해 규제 프레임워크가 발전하고 있습니다. NASDAQ의 기술은 은행들이 여러 관할권에 걸친 복잡한 규제 환경을 탐색할 수 있도록 돕고, 이 빠르게 발전하는 산업에서 책임 있는 확장을 가능하게 합니다.
Nasdaq a élargi sa présence dans la technologie financière des banques numériques en Amérique Latine, en convenant de fournir sa solution de reporting réglementaire AxiomSL à Nubank, une banque numérique leader avec plus de 100 millions de clients au Brésil, au Mexique et en Colombie. Cette expansion reflète la demande croissante de solutions fintech tierces dans la région, alimentée par la croissance rapide de la banque numérique et le besoin de technologies soutenant des lancements de produits rapides.
Nasdaq sert plus de 50 clients dans le secteur bancaire et des services de paiement en Amérique Latine, offrant des technologies telles qu'AxiomSL pour le reporting financier et réglementaire, et Calypso pour la gestion de la trésorerie, du risque et du collatéral. Au cours de l'année passée, plus de la moitié des clients latino-américains de Nasdaq ont élargi leurs partenariats technologiques, parallèlement à une forte croissance de nouveaux clients.
Cette expansion se produit alors que l'on observe une croissance de 340% des startups fintech en Amérique Latine au cours des six dernières années, avec des cadres réglementaires évoluant pour soutenir la finance ouverte et la banque numérique. La technologie de Nasdaq vise à aider les banques à naviguer dans l'environnement réglementaire complexe à travers plusieurs juridictions, permettant une croissance responsable dans cette industrie en rapide évolution.
Nasdaq hat seine Präsenz im Bereich der digitalen Bankenfinanztechnologie in Lateinamerika erweitert und sich bereit erklärt, seine AxiomSL-Lösung für die regulatorische Berichterstattung an Nubank, einer führenden digitalen Bank mit über 100 Millionen Kunden in Brasilien, Mexiko und Kolumbien, zu liefern. Diese Expansion spiegelt die wachsende Nachfrage nach Drittanbieter-Fintech-Lösungen in der Region wider, die durch das rasche Wachstum digitaler Bankdienstleistungen und den Bedarf an Technologien für schnelle Produkteinführungen vorangetrieben wird.
Nasdaq bedient über 50 Kunden im Bereich Banken und Zahlungdienste in Lateinamerika und bietet Technologien wie AxiomSL für Finanz- und Regulierungsberichte sowie Calypso für Treasury-, Risiko- und Sicherheitenmanagement an. Im vergangenen Jahr haben über die Hälfte der lateinamerikanischen Kunden von Nasdaq ihre Technologiepartnerschaften erweitert, während auch das Neugeschäft stark gewachsen ist.
Die Expansion erfolgt inmitten eines 340%igen Wachstums der Fintech-Startups in Lateinamerika in den letzten sechs Jahren, wobei sich die regulatorischen Rahmenbedingungen weiterentwickeln, um offene Finanzierungs- und digitale Bankdienstleistungen zu unterstützen. Die Technologie von Nasdaq soll Banken dabei helfen, sich in dem komplexen regulatorischen Umfeld über mehrere Jurisdiktionen hinweg zurechtzufinden und verantwortungsvolles Wachstum in dieser schnellen Branche zu ermöglichen.
- Expanded partnership with Nubank, a leading digital bank with over 100 million customers
- Over 50 banking and payment services clients in Latin America
- Over half of Latin American clients expanded their technology partnership in the last 12 months
- Strong growth in new customer numbers
- Partnerships with other major digital banks and payment companies like Mercado Libre, C6 Bank, and Bankaool
- None.
Expanded partnership with Nubank reflects rapid growth of banking and payment services in Latin America
Over half of Nasdaq’s Latin American banking clients have expanded their technology partnership in the last 12 months
Nasdaq’s financial technology solutions simplify regulatory compliance and reduce time to market across multiple jurisdictions
NEW YORK and SAO PAULO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Nasdaq today announced it has expanded its digital bank financial technology presence in Latin America, having agreed to provide its AxiomSL regulatory reporting solution to Nubank, a leading digital bank with over 100 million customers across Brazil, Mexico, and Colombia.
The agreement extends Nasdaq’s existing partnership with Nubank which includes providing the technology that underpins the bank’s treasury function - managing its fixed income and money market operations - and now the bank’s regulatory reporting obligations in Colombia. It also reflects the accelerating demand for third-party financial technology solutions in Latin America, driven by the rapid growth and development of digital banking in the region and the competitive need for technology that can support a short time to market for new products and services.
Nasdaq has over 50 banking and payment services clients in Latin America, comprising a broad range of digital and traditional banks, local and regional players as well as tier one global banks. The technology provided includes Nasdaq AxiomSL, which supports financial and regulatory reporting requirements across 55 countries and 110 regulators, and Nasdaq Calypso, which provides the SaaS technology platform that underpins banks’ treasury, risk, and collateral management workflows.
The comprehensive range of Nasdaq’s mission critical technology across the fabric of the Latin American financial system, alongside extensive partnerships with the region’s market infrastructure operators, helps foster deep customer relationships and insight into their most complex operational challenges. In the last 12 months, over half of Latin American clients adopting Nasdaq’s AxiomSL and Calypso technology have sought to expand their partnership, alongside strong growth in new customer numbers.
Ed Probst, Senior Vice President, Regulatory Technology at Nasdaq said: “Digital banking services in Latin America are experiencing a period of extraordinary development, with online marketplaces, open banking and innovative technology combining to empower a new generation of consumers. Nasdaq’s technology is helping to underpin the maturation of the industry, with proven regulatory solutions substantially reducing time to market and providing a competitive advantage in such a fast-paced industry. We welcome the opportunity to expand our partnership with Nubank, alongside many other clients in the region, to support their ambitious growth trajectory.”
Navigating regulatory complexity across Latin American banking services
The Latin American financial system is undergoing a radical transformation with the number of fintech startups established over the last six years having grown more than
Alongside this shift, the region’s regulatory frameworks are undergoing a period of continued enhancement, which is helping to bolster the integrity of the system and unlock new areas of open finance and digital banking. Collectively these drivers are helping to unlock significant growth opportunities for financial services providers, including amongst previously unbanked people and companies.
Nevertheless, the regulatory environment remains deeply complex for companies seeking to access multiple jurisdictions and regulatory regimes. For example, Brazilian requirements typically focus on the types of products and services offered while Mexico has a specific license for “fintechs”. In Colombia, several small and digital banks operate as a “Financing Company”, which carry different requirements to “Banks and Financial Corporations”. This pattern is replicated across Latin America where the confluence of innovation, rapid growth, and regulatory complexity is driving traditional and digital banks to seek third party technology providers to meet their regulatory needs. Nasdaq’s advanced technology allows these banks to keep pace with inherent regulatory risks as they look to scale responsibly.
In addition to Nubank, other digital bank and payment companies Nasdaq has expanded its services with include Mercado Libre, Latin America’s leading e-commerce and digital payments company, C6 Bank, a full-service digital bank in Brazil, and Bankaool, the first bank to receive a license from the Mexican government to provide digital-only services.
As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help 3,500+ banks, brokers, regulators, financial infrastructure operators, and buy-side firms solve their toughest operational challenges while advancing industrywide modernization.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contact:
Andrew Hughes
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Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s AxiomSL and Calypso technology solutions. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
1 https://www.iadb.org/en/news/study-fintech-ecosystem-latin-america-and-caribbean-exceeds-3000-startups
2 https://www.mckinsey.com/industries/financial-services/our-insights/the-rapid-evolution-of-payments-in-latin-america
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FAQ
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