Nu's Q3 2025 results were difficult to criticize. Revenue reached $4.17 billion, exceeding consensus expectations of roughly $4.04 billion by about $134 million. Revenue grew 46% year-over-year, underscoring continued momentum across its core markets. Net income totaled $783 million, up 39% year-over-year on an FX-neutral basis.
He joins Blend after roles at Alkami Technology and ACI Worldwide, where he built sales teams and grew customer bases across community banks, credit unions and regional institutions. Blend has built a powerful platform, strong relationships with key customers, and has good momentum in the market, Thomson said in a statement. Financial institutions are looking for partners who can help them compete digitally while maintaining the relationships that define their brands.
For several years now, national and regional banking chains have been reevaluating, and in many cases scaling back, their physical footprints for multiple reasons. These reasons include falling foot traffic to branch locations as customers increasingly shift to online banking and mobile apps. As foot traffic falls, those branches tend to generate fewer new customers, so banks stand to make a lower return on the investment in running those physical locations.
While banks announce AI deployments and digital transformations, the real platform shift is happening through something more mundane: solving customer servicing headaches one API call at a time. Banks have a servicing problem masquerading as a platform opportunity. You won't read the evidence in their press releases, but you can see it in how they're actually solving operational friction for business customers who want banking to work well.
It's never too early to start having a conversation with your kids - whether they're in elementary school, high school or college - about smart ways to navigate finances. Starting the conversation earlier will help create healthy money habits as they grow, ultimately benefiting their financial future. To help you get started, here are tips that make it easier for kids of all ages to learn how to save, budget and begin managing their finances more independently:
Over 280 million Southeast Asians, about 40% of the region's population, identify as Muslim. That's spawned demand for goods and services that cater to a more Islamic lifestyle. It's more than just halal food: Muslim consumers also demand more modest fashion or cosmetics that don't use pig-derived products or alcohol. Even Southeast Asia's finance sector is becoming more halal. Islamic finance in Southeast Asia totaled roughly $859 billion in 2023, up from $754 billion in 2020.
The transformation from banks as destinations to banks as infrastructure is reshaping the financial landscape as banks embed themselves into existing platforms, providing seamless financial services.
The closure of 3,700 bank branches in England from 2016 to 2024, averaging eight weekly closures, demonstrates a shift towards digital financial solutions.
Cyber attacks are digital assaults against computers, networks, and/or databases, which can disable systems, steal data, or interfere with operations, making banks particularly vulnerable.
Inward remittances to India rose significantly, escalating from $55.6 billion in 2010-11 to an expected $160 billion by 2029, demonstrating the growing financial dynamics within the diaspora.
