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Central Bank · BrazilKey Points Brazil’s new rules reserve the word “bank” for fully licensed banks, forcing big fintechs to adapt fast. Nubank will seek a full banking license in 2026 to preserve its brand while keeping operations running normally. The move marks a tougher phase for Brazil’s fintech boom, with regulators demanding clearer lines between apps and […]See the Story
Nubank Will Seek a Full Banking License in 2026 to Preserve Its Brand
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Innovation · LondonThe City’s top regulator has opened the doors to its first-ever ‘AI live testing‘ scheme, giving major financial firms a controlled environment to trial AI without fear of tripping regulatory wires. NatWest, Monzo, Santander, Scottish Widows, Gain Credit, Homeprotect and fintech Snorkl are among those in the inaugural cohort. The FCA says the scheme is designed for firms already positioned to put AI into live markets, offering tailored oversight…See the Story
