“Can a mid-sized Brazilian corporate-credit bank scale by digitizing SME onboarding and credit while staying conservative on capital?”
Banco Daycoval is a 57-year-old Brazilian mid-sized bank focused primarily on corporate credit, with secondary retail businesses in payroll-deductible loans (consignado), auto financing, FX (Daytravel / DayPay Remittance), and asset management. Over the past decade it has progressively digitized through Dayconnect (digital banking) and digital PJ account opening. Its embedded-finance posture is that of a regulated bank — it issues its own credit cards and consignado cards in-house and partners with Generali for credit-life insurance, rather than relying on BaaS vendors.
Banco Daycoval discloses Banco Daycoval S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Banco Daycoval does not disclose a bank charter of its own; its banking services are provided through Banco Daycoval S.A. (in-house).
Banco Daycoval processes payments through Daycoval Credit Card (self-issued), Cartão de Crédito Consignado Daycoval (self-issued) and Cartão de Benefício Consignado Daycoval (self-issued).
Banco Daycoval's cards are issued through Banco Daycoval S.A. (in-house).
Banco Daycoval's lending and capital products are provided by Banco Daycoval S.A. (in-house).
Banco Daycoval uses Daycoval Câmbio (in-house), Daytravel (in-house) and DayPay Remittance (in-house) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 5 layers in Banco Daycoval's stack: Payments / PSP (Daycoval Credit Card (self-issued), Cartão de Crédito Consignado Daycoval (self-issued) and Cartão de Benefício Consignado Daycoval (self-issued)); Banking / BaaS (Banco Daycoval S.A. (in-house)); Card issuing (Banco Daycoval S.A. (in-house)); Lending (Banco Daycoval S.A. (in-house), Corporate credit, Crédito Consignado (payroll-deductible loan), Auto financing (financiamento de veículos) and 4 others); FX & payouts (Daycoval Câmbio (in-house), Daytravel (in-house) and DayPay Remittance (in-house)).
Banco Daycoval is founded in 1968 and headquartered in São Paulo, Brazil.
Get a read on where your own stack stands against Banco Daycoval and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.