Invest Like the Best · October 13, 2026 · 1h 11m

David Vélez - Building Nubank and the Future of Global Banking - [Invest Like the Best, EP.495]

David Vélez, founder and CEO of Nubank, discusses the bank's journey to 140 million customers, why he believes banking is still in its Blockbuster era, and how AI is transforming the industry. He explains Nubank's reorganization around AI after initially missing the wave, the opportunity in the US market, and the data-driven moat that sustains its competitive edge.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Preview

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Banking Is Still In Its Blockbuster Era00:00:00

David argues that banking remains in a Blockbuster-like era, reliant on physical branches and legacy systems, rather than being truly digital.

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The $600 Billion Tax on Deposits00:06:31

David describes how consumers pay a massive, hidden cost through low interest on bank deposits, which he estimates at $600 billion.

Claude ChatGPT Gemini

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