US tech firm NCR announced that it bought Brazilian bank Bradesco‘s minority stake in NCR Manaus, NCR’s Brazilian manufacturing and engineering company.
NCR Manaus is responsible for NCR’s production plant in Brazil, located in Amazonas state capital Manaus since 2009.
With the move, NCR said it seeks to expand its service and solution footprint in Brazil. The company said it will continue to work with Bradesco in ATM solutions.
Financial details were not disclosed and the deal still requires regulatory approvals.
According to the US software and IT services group, the new version of its Elevate suite facilitates has an application programming interface (API) platform that enables the integration of third-party data and services to the bank’s database which is protected by security software.
“Open banking is the biggest transformation in the world of finance in recent times. Our approach facilitates communication between different institutions and promises to improve the experience between users and institutions,” said Eduardo Almeida, president of Unisys Latin America.
SaaS solutions fintech Mambu, which develops cloud-based solutions for loan and deposit products, announced Acesso as its first Brazilian client as it vows to accelerate an expansion in Latin America.
Acesso works in the issuance, processing and management of international prepaid cards. Announced in 2017, online payments provider PayU Colombia was the first Latin American customer of the Berlin-based startup.
“We support the innovation and expansion of Acesso in the digital financial world with a flexible, ‘API-first’ and completely cloud-native model that will enable them to be responsive to user-centric implementation while maintaining a state-of-the-art service proposal,” said Edgardo Torres-Caballero, general director of Mambu in the Americas.
US-based fintech Ripple has officially launched its activities in Brazil with an office in São Paulo, which will also be the base for expansion throughout South America.
In the region, the company will focus on Chile, Peru and Argentina, in addition to Brazil.
Ripple’s flagship product is RippleNet, a remittance network that enables banks and payment providers to make instant transactions around the world.