Nubank received conditional approval in January to operate as a bank in the United States, the world's largest financial market, and is now awaiting a final license

Nubank received conditional approval in January to operate as a bank in the United States, the world's largest financial market, and is now awaiting a final license

Nubank CEO David Velez, whose massive Brazil-based digital bank is on the verge of entering the prized US market, hailed a "positive" regulatory climate under President Donald Trump in an interview with AFP.

Promising to free users from banking bureaucracy, the company -- which has 131 million clients in Brazil, Mexico and Colombia -- has become one of the most valuable firms in the region.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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