Nubank plans to secure Brazilian banking licence next year
Nubank to Apply for a Banking License in Brazil in 2026 Brazilian digital financial services platform, Nubank, has announced plans to secure a banking license in Brazil by 2026. This move comes as a response to new regulatory measures in the country which prevent non-bank companies from using “bank” in their brand names. Currently, Nubank […]
How Ramp set up a data cloud to democratize AI
Ramp Connects Petabyte-Scale Unstructured Customer Data to Enterprise LLMs Ramp, a New York City-based fintech firm, has made significant strides in leveraging artificial intelligence (AI) to make company data more accessible. The company’s goal was to democratize AI use, empowering people throughout the organization to query various types of company data autonomously. According to Ian […]
Wells Fargo tops big recruiting week with $6.3B team
UBS Loses $6.3B Team to Wells Fargo In another significant blow to UBS, Wells Fargo has successfully recruited a team of advisors from Hingham Street Partners, who were considered some of the most respected in the industry. The 16-advisor team, with $6.3 billion under management and nearly $39 million in annual revenue, has joined Wells […]
Hedge fund ExodusPoint’s ex-head of execution services joined a market-maker
James Rubenstein Returns to the Finance Industry After a hiatus from the hedge fund world, James Rubenstein has made a comeback, this time at electronic market making firm GTS Securities. Rubenstein, who previously worked at ExodusPoint, is now taking on a senior role at GTS Securities in New York. About GTS Securities GTS Securities is […]
Bendigo snares RACQ Bank deposits and loans
Bendigo and Adelaide Bank Acquires RACQ Bank’s Retail Lending Assets and Deposits Bendigo and Adelaide Bank has announced its plans to acquire the retail lending assets and deposits of RACQ Bank, a subsidiary of the Royal Automobile Club of Queensland (RACQ), at book value. The strategic move comes at a time when RACQ Bank’s retail […]