By Brazil Stock Guide – Nubank, one of the world’s largest digital financial platforms with more than 110 million clients in Brazil, said it intends to obtain a full banking license in the country by 2026. The move aligns the group with Resolução Conjunta 17, recently issued by the Central Bank and the National Monetary Council to standardize the nomenclature of regulated financial institutions.
Brand Unchanged
Nubank emphasized that its brand, identity and customer-facing structure will remain the same. The company said the transition will not affect clients, who will continue using existing products and services without any operational changes.
“The Nubank was founded 12 years ago and brought 28 million people into the financial system. Our identity and mission to simplify our customers’ lives remain the same,” said Livia Chanes, CEO of Nubank in Brazil, in a statement.
Current Licenses
The company noted that it already holds all required authorizations to operate its current suite of products, including its status as a Instituição de Pagamento, Sociedade de Crédito, Financiamento e Investimento, and Broker-Dealer (Corretora de Títulos e Valores Mobiliários).
Nubank said adding a banking entity to the group should not materially change capital or liquidity requirements. “Financial resilience and solidity remain intact,” the firm stated, reinforcing that regulatory compliance is already met under existing frameworks.
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