nBanks among the best fintechs in Portugal

Portugal Fintech Report 2024 places nBanks among the excellent fintechs in Wealth Management and ESG in the country.

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On November 5th, Portugal Fintech, in collaboration with KPMG, VISA, and Morais Leitão, launched the Portugal Fintech Report. For the fourth consecutive year, nBanks was elected one of the best in the country, this time with a focus on Wealth Management and ESG.

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Annually, the ecosystem of operational fintechs in Portugal, even if of international origin, is surveyed by Portugal Fintech. The entity is responsible for publicizing the main agents and trends in the sector. In this eighth edition, the main entities in different areas of activity were mapped: Payments & Money Transfers; Insurtech; Regtech & Cybersecurity; Real Estate; Blockchain & Crypto; Lending & Credit; Wealth Management and ESG. In the latter, nBanks was accompanied by names such as TagPeak, LynxAI, Profidata, and Starkdata.

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The launch event, which took place on Tuesday morning, featured distinguished names from Silas Insurtech, Coverflex, ETHIACK, OutSystems, Lympid, and StartVentures, in addition to those who promoted the drafting of the 8th Portugal Fintech Report. Dr. Pedro Reis, the current Minister of Economy, gave the opening remarks.

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António Dias Martins, as Executive Director of Startup Portugal, describes how the country's abundant geography once also translated into its distant positioning “from the decision-making center,” a paradigm that has been changing with the growing presence of Portuguese actors in the system. It already has “six unicorns with Portuguese DNA and 40 international ones” and finds in this point the validation that “we are on the right path to place Portugal as one of the main centers of innovation and entrepreneurship in the world.”

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In this scenario of excellence and innovation, where technology and economy go hand in hand for the empowerment of the ecosystem, key topics that define the current state of fintechs were addressed, insights from their members were gathered, and current trends were highlighted. Statistics demonstrating the most difficult profiles to hire, main obstacles identified in contact with investors, and a forecast of the impact of Generative AI on the future of fintechs are some of the topics you can explore in more depth here.