Latin America Financials: Citi’s Daily Statement – 2026.08.04 – BCB Requirements; PicPay+Kovr; BBSE and Nu MX 2Q Results; B3 July ADTV; ARG Payments

Research evidence excerpt

Latin America Financials: Citi’s Daily Statement – 2026.08.04 – BCB Requirements; PicPay+Kovr; BBSE and Nu MX 2Q Results; B3 July ADTV; ARG Payments

Flash |

04 Aug 2026 09:15:08 ET │ 12 pages

Latin America Financials

Citi’s Daily Statement – 2026.08.04 - BCB Requirements; PicPay+Kovr;

BBSE and Nu MX 2Q Results; B3 July ADTV; ARG Payments

CITI'S TAKE

Daily report over key topics of LatAm financial companies under Citi’s

coverage.

Gustavo SchrodenAC

The volume of companies in Chapter 11 in Brazil grows (Valor, Aug 4) +55-11-4009-5858

gustavo.schroden@citi.com

Citi's Take: According to a Valor Econômico report, judicial reorganization filings in Arnon Shirazi, CFA

Brazil are increasingly being used by smaller companies rather than being +55-11-4009-7906

concentrated among large corporations. Data from the RGF BizDoc Monitor show arnon.shirazi@citi.com

that between 2023 and the first half of 2026, the share of micro and small

Brian Flores, CFA

businesses entering judicial recovery proceedings more than doubled, while the

+55-11-4009-2842

participation of medium-sized companies increased 31%. luis.brian.flores@citi.com

BCB Tightens Data Governance Requirements for Banks and Fintechs (Finsiders

Brasil, Aug. 2026)

We expect the new data governance requirements issued under Joint Resolution No.

18 to drive a wave of compliance investments across banks and fintechs through

year-end, as institutions work to ensure the traceability, consistency, and reliability

of information reported to the Central Bank. The regulation reflects the BC's growing

focus on risk management, supervisory effectiveness, and operational resilience in

an increasingly digital financial system.

PicPay Completes Acquisition of Kovr (Company Release, Aug. 3, 2026)