Latest news with #Bradesco
Reuters
19-05-2025
- Business
- Reuters
Brazil reforestation firm re.green gets fresh financing in deal with BNDES, Bradesco
SAO PAULO, May 19 (Reuters) - Brazilian reforestation startup has obtained 80 million reais ($14.13 million) in financing from state development bank BNDES, it said on Monday, in a deal that also involved lender Bradesco as a financial intermediary. The deal is similar to a 160 million real deal announced by Mombak last month, which marked the first reforestation project backed by Brazil's 10 billion real "New Climate Fund" unveiled in 2023 to finance climate-related projects. The deal comes as Brazil's nascent carbon market quickly gains ground and attracts interest from private investors and lenders such as Bradesco and Santander ( opens new tab, which acted as an intermediary for Mombak. Some restoration startups have complained of difficulty getting loans to reduce capital costs and finance operations, as many investors still see it as risky. "We have a mantra that is de-risking, which is how we will, over time, reduce uncertainty and bring more confidence to our market," Chief Executive Thiago Picolo said in an interview. "In our case, we now have the first disbursement from BNDES, also involving Bradesco for the first time. So it is a series of steps that reduce uncertainty, increase confidence, and facilitate fundraising." buys degraded land from farmers and ranchers or partners with them to replant native species in the Amazon rainforest and in Brazil's coastal Atlantic rainforest. By turning degraded land into forests, the company is working to generate "carbon credits" that companies can buy to offset their greenhouse gas emissions. The startup has a deal with Microsoft (MSFT.O), opens new tab to restore forests and is backed by Brazilian billionaire Joao Moreira Salles and asset managers such as Dynamo and Gavea, founded by former Brazilian central bank governor Arminio Fraga. The BNDES financing "shows that we have a powerful tool to enable investments in the recovery of degraded areas in the country," said the state development bank's head, Aloizio Mercadante. "It confirms the great power of this fund made available by President Luiz Inacio Lula da Silva for BNDES to decisively fight the effects of climate change in our country," he added. The bank's program is part of Brazil's 2015 commitment to restoring 12 million hectares (29.7 million acres) of its native forests by 2030, which Lula reaffirmed last year. ($1 = 5.6632 reais)
Business Wire
08-05-2025
- Business
- Business Wire
Bradesco Stops Fraud with AI on FICO Platform, 1B Monthly Transactions, Double the Approval Speed
BUSINESS WIRE)-- FICO World 25 – FICO (NYSE: FICO) 'FICO helped us rethink our approach from the ground up, using AI and machine learning to stay ahead of fraudsters while ensuring a seamless experience for our customers,' said Marcos Molina, corporate security manager at Bradesco. Highlights: Bradesco implemented FICO ® Platform to modernize fraud detection and enhance digital account opening The bank processes nearly 1 billion PIX transactions per month, reducing fraud-related customer friction by 89% Transaction rejections have dropped by 25%, while real-time account openings have grown by 11% Bradesco has won a 2025 FICO ® Decision Industry Vanguard Award At its FICO ® World conference today, global analytics software leader FICO announced that Bradesco, one of Latin America's largest banks, has overhauled its fraud prevention and digital banking systems using FICO ® Platform. Serving more than 71 million customers, the bank now analyzes nearly 1 billion instant payments per month, reducing fraud-related disruptions while enabling real-time account openings. FICO Platform has strengthened security and improved the customer experience, making transactions efficient and account approvals seamless. 'Bradesco is more than a bank; we are a technology-driven financial institution that continuously evolves to meet customer needs,' said Marcos Molina, corporate security manager at Bradesco. 'Since 2019, we have been building on FICO Platform, integrating AI-powered decisioning and digital onboarding. Now we have expanded this to fraud protection, boosting agility, security and efficiency with every innovation.' Watch Bradesco tell their story on video: Securing Digital Transactions & Accelerating Account Openings As Bradesco's digital footprint expanded, transaction volumes surged. The bank needed to scale security without compromising the customer experience. Traditional fraud models struggled, frequently flagging legitimate transactions as suspicious. This forced customers to go through additional steps, such as calling the bank, verifying their identity, or confirming transactions manually—causing delays and frustration. Meanwhile, fraudsters adapted quickly, exploiting gaps in real-time monitoring. To combat these challenges, Bradesco and FICO developed SAFER, an AI-powered fraud and compliance platform built on FICO Platform. SAFER processes up to 25 million PIX payments daily (Brazil's instant payment system) enabling real-time transfers, detecting and preventing fraud in real time. By automating decisioning and reducing manual reviews, Bradesco cut the number of transactions held for further review by 89%, boosting both security and efficiency. 'The sheer volume of transactions we process daily meant we needed more than just stronger fraud detection — we needed a smarter, faster, and more scalable solution,' said Molina. 'FICO helped us rethink our approach from the ground up, using AI and machine learning to stay ahead of fraudsters while ensuring a seamless experience for our customers. What we've built isn't just a solution for today, but a foundation for the future of digital banking.' Key achievements of Bradesco's transformation include: Fraud prevention at scale: Processes nearly 1 billion PIX transactions monthly, reducing fraud-related customer friction by 89% through fewer false positives, faster approvals, and less need for manual verification Operational efficiency: Cut the number of transactions held for further review by 50%, enabling faster approvals Real-time decisioning: Processes up to 25 million PIX payments per day, with a response time of just 50 milliseconds Instant account opening: Reduced onboarding time from hours to real-time, increasing new accounts by 11% Enhanced customer convenience: Reduced transaction rejections by 25% while maintaining strong fraud prevention Bradesco is evolving into a fully digital, decision-driven institution. By expanding its use of FICO Platform, the bank is integrating AI-driven credit risk modeling and real-time transaction monitoring to enhance security, efficiency, and customer experience. SAFER remains central to this transformation, initially focusing on fighting fraud, monitoring digital transactions, and enabling real-time account openings through digital channels. Looking ahead, Bradesco envisions SAFER as a foundation for developing a comprehensive, 360° view of its customers, strengthening protection measures, and advancing Know Your Customer (KYC), anti-corruption, and anti-money laundering protocols. 'Processing nearly a billion transactions per month while reducing fraud-related friction is a remarkable feat,' said Nikhil Behl, president of software at FICO. 'Bradesco's transformation showcases how advanced decisioning and analytics on FICO Platform drive agility, efficiency and security at scale.' For its achievements, Bradesco won a 2025 FICO ® Decision Industry Vanguard Award. To see the full list of 2025 FICO Decision Awards winners, check out: About Bradesco Bradesco is one of Brazil's largest and most respected financial institutions, serving over 71 million customers. The bank is at the forefront of digital banking, utilizing cutting-edge technology to enhance customer experience and financial security. Bradesco is committed to financial inclusion, innovation, and sustainable development, ensuring seamless and secure banking for individuals and businesses across Brazil. About the FICO ® Decision Awards The FICO Decisions Awards recognize organisations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2025 judges are: Regan Goble, risk analytics senior manager at Westpac NZ (Previous Winner) Megha Kumar, research vice president at IDC Joe McKendrick, analyst and senior contributor at Forbes Luiz Pacete, technology and marketing industry influencer Ali Paterson, founder and editor-in-chief at Fintech Finance Mike Roberts, head of unsecured retail risk at HSBC UK bank (Previous Winner) Erin Stillwell, EVP, payment partnerships at Blankfactor Allan Tan, group editor-in-chief at Cxociety The winners of the FICO Decisions Awards will be spotlighted at and win tickets to FICO ® World 2025, May 6-9, 2025, at the Diplomat Hotel in Hollywood, Florida. About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO ® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.
Reuters
18-02-2025
- Business
- Reuters
Brazil raises $2.5 billion with 6.75% yield in global bond sale with 10-year dollar issuance
BRASILIA, Feb 18 (Reuters) - Brazil's Treasury on Tuesday raised $2.5 billion in a new 10-year dollar-denominated sovereign bond, with a 6.75% yield, it said in a statement. The so-called Global 2035 aims to further the Treasury's strategy of enhancing liquidity in the country's external yield curve, the government said. A source familiar with the matter, speaking anonymously since details are still private, said the initial price was set at around 7.05%. The Treasury said Bradesco, JP Morgan and Morgan Stanley were leading the transaction. "The issuance reinforces the important role of external debt in extending maturities, diversifying benchmarks and broadening the investor base," the Treasury said. The operation comes as Brazil's five-year Credit Default Swap (CDS) has improved significantly, dropping more than 20% year-to-date. This follows a sharp deterioration in December, when fiscal concerns and global market uncertainty after the election of U.S. President Donald Trump sparked a sell-off in Brazilian assets. Recently, central bank chief Gabriel Galipolo noted that asset markets have risen on relief that tariffs threatened by Trump have not been immediately imposed, after initial widespread expectations that his policies would be inflationary. Latin America's largest economy last tapped international markets in June last year, raising $2 billion in its second sustainable bond issuance. In the release of its 2025 financing plan earlier this month, the Brazilian Treasury said it expected to continue issuing conventional and sustainable sovereign bonds on the international market this year.
