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Tag: Nubank

  • Nubank says AI helped boost clients’ credit-card limits

    Nu Holdings Ltd. said artificial intelligence features it started to deploy in Brazil helped the fintech increase credit-card limits for some clients, boosting third-quarter revenue and profit. Nubank, as the company is known, said its portfolio rose 42% to $30.4 billion through September, according to financial statements Thursday. Chief Financial Officer Guilherme Lago said AI […]

    Bloomberg News

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  • Nubank using AI for underwriting, customer service

    Nubank is deploying AI within its operations for efficiency gains and to expand its reach globally.  The Brazil-based digital bank posted second-quarter earnings Aug.14, and shares of Nubank were up 9% at market close today to $13.11. The growing fintech has raised $4.2 billion in funding led by Berkshire Hathaway and Tencent, according to Crunchbase. […]

    Vaidik Trivedi

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