next
“Can Brazil's largest private bank run a fully-owned digital-native neobank on top of its own charter?”
HQSão Paulo, Brazil
IndustryFintech / Neobank
The story
next is the digital-bank arm of Banco Bradesco in Brazil, operated by Next Tecnologia e Serviços Digitais S.A. as a banking correspondent of Bradesco. The stack is native to the Bradesco group — accounts, cards, credit and payments all sit on the parent bank's rails rather than on third-party BaaS. next's differentiation is UX plus early adoption of Brazil's Open Finance regime.
Last 12 months
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Product timeline
2022
Launched Minhas Finanças, an Open Finance account aggregator· banking
2024
Presented at Febraban Tech 2024 highlighting generative AI use in open finance and customer offers· banking
The stack
7 layers disclosed in next’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: none
8 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.