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prima:Nave Bank, Puerto Rico’s first digital bank, set to start operations in September

The FDIC and the Federal Reserve approved the institution, the first new bank on the island in over two decades

August 16, 2023 - 8:41 PM

Archival note
This content was published more than 1 year ago.
According to Nave Bank, although 66% of Puerto Rico’s population has a smartphone and 72% has access to the Internet, only 54% use online banking services. (Suministrada)

The Federal Deposit Insurance Corporation (FDIC) has approved Nave Bank, Puerto Rico’s first digital bank and the island’s first new bank over the past two decades, as an insured financial institution.

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