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David Vélez Osorno receives Entrepreneur of the Year 2025 award on stage, Nubank digital banking expansion visuals in background.
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David Vélez Osorno named entrepreneur of the year 2025

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David Vélez Osorno, CEO of Nu Holdings LTD and founder of Nubank, has been named Entrepreneur of the Year 2025 by La República, for revolutionizing digital banking in Latin America and recent expansion into the United States. The award highlights Nubank's 2025 milestones, including key partnerships and new financial products. Other fintech leaders were also nominated for their innovations in Colombia.

Colombian banks face a potential indirect cyberattack via an external debt collection provider, compromising customer data such as names, IDs and phone numbers. BBVA and Nu Colombia confirmed the incident and activated security protocols. No entity reports access to keys or deposits.

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Grupo Aval held its ordinary shareholders' assembly on Friday, highlighting 69.6% profit growth at the end of 2025 to $1.72 trillion. President María Lorena Gutiérrez warned of macroeconomic challenges, including projected inflation of 6.5% by year-end and interest rates reaching 11%. Shareholders approved $755 billion in dividends.

Nu holdings reported a net profit of us$2.9 billion for all of 2025, marking a 51% increase from the previous year. Total revenues reached us$16.3 billion, up 45% year-over-year. The company added 17 million new customers, reaching a total of 131 million.

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In the latest on the stalled Digital Asset Market Clarity Act, former CFTC Chair Christopher Giancarlo argues banks require regulatory clarity more urgently than crypto companies for digital payments. The bill remains deadlocked over stablecoin rewards after missing a March 1 White House deadline, amid banks' fears of capital flight.

Bancoomeva's board of directors will present to the General Assembly of Shareholders a project to distribute profits amounting to 1.376 million pesos, payable through ordinary shares. This amount stems from a net profit of around 1.516 million after pre-tax losses and tax provisions. The distribution would be proportional to shareholders, with fractions allocated to the legal reserve.

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Argentine banks published the official dollar rates and other variants without exchange restrictions on Thursday February 26. The card dollar maintains a 30% surcharge for overseas expenses. Euro prices in banks were also reported.

 

 

 

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