Inter has recently received regulatory approval from the Florida Office of Financial Regulation (OFR) and the Federal Reserve (FED), paving the way for the establishment of a US banking branch.
This approval marks a significant step in Inter’s expansion strategy, allowing the company to open a state-licensed international banking branch in Miami, Florida. This move is expected to expand Inter’s global reach and enhance its portfolio of financial services for individuals and businesses across borders.
Expansion into the US market with regulated banking operations
According to João Vitor Menin, Global CEO of Inter, this approval solidifies Inter’s position as a global platform, enabling it to offer more comprehensive services across borders. The new branch will function as a digital-centric hub, ensuring efficient and secure interactions for clients.
With the establishment of this US branch, Inter aims to:
- Enhance its global network by optimizing funding options, reducing operational costs, improving user experience, and expediting the launch of new products;
- Offer regulated credit and banking services tailored to both US residents and international clients;
- Support businesses operating in the United States through compliant and technologically advanced financial solutions;
- Strengthen its presence in the region, particularly among the multicultural communities.
As a pioneer among digital banks in Brazil, Inter now aims to continue its mission of providing customized solutions for its customers and fostering value-generating interactions between individuals.
