Digital banking given a reality check

The dashboard: Brazil’s benchmark inventory index Ibovespa gained 2.46 % this week. In the meantime, the Brazilian Actual misplaced 1.59 % in opposition to the U.S. Greenback this week.

• Greatest good points: Locaweb (tech), +17.83 %.
• Greatest drops: Cogna (training), -8.26 %.

Fintechs proceed bleeding worth regardless of digital finance growth

The variety of new digital financial institution accounts in 2021 topped these opened in bricks-and-mortar banks for the primary time ever, in response to a survey by Febraban, a federation of banks. Roughly 9.9 million accounts have been created via conventional channels, versus 10.8 million digital accounts – a 66-percent improve from 2020.