Tecban
“Can the operator of Brazil's largest shared ATM network reinvent itself as the country's neutral open-finance and CBDC infrastructure layer?”
Founded1982
HQBarueri, São Paulo, Brazil
IndustryInfrastructure / BaaS
The story
Tecban was founded in 1982 as the operator of Banco24Horas, Brazil's largest shared ATM network. From 2019 onwards it explicitly pivoted from being a pure interbank/cash-logistics utility toward embedded financial infrastructure: HubDigital opened Banco24Horas to fintechs via APIs, Open Finance Tecban productized Brazil's open banking regulation as a service (built with Ozone API), and the company is now a lead participant in Brazil's DREX CBDC pilots. The 2025 AWS migration and rebrand mark its repositioning as a digital-and-physical infrastructure provider for the Brazilian financial ecosystem.
Product timeline
1982
Tecban founded as Tecnologia Bancária, providing shared banking infrastructure in Brazil.· banking
2019
Launched HubDigital platform to onboard fintechs, digital banks and payment institutions into the Banco24Horas ATM network.· banking
2021
Launched Open Finance Tecban — an Open Banking-as-a-Service platform built in partnership with Ozone API.· pivot
2021
Migrated Open Banking-as-a-Service platform to AWS cloud.· banking
2023
Led a 11-institution consortium (with AWS, Parfin, ClearSale, CPQD, Foxbit and others) that ran the first privacy-preserving DREX (Brazilian CBDC) transactions using Zether.· pivot
2025
Announced three-year strategic cloud-migration collaboration with AWS and a rebrand to a more integrated business-unit model.· pivot
The stack
4 layers disclosed in Tecban’s embedded-finance stack
Payments / PSP
Banco24Horas (self-operated)HubDigital (self-operated)
Banking / BaaS
in the full report
Open banking
in the full report
Crypto
in the full report
Accounting gap: none
5 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.