Business · Companies · 2 hrs ago

Inter shares rise 4.66% as CEO stresses long-term strategy

Inter shares rise 4.66% as CEO stresses long-term strategy

Inter&Co shares rose 4.66% on Nasdaq on Friday, closing at US$4.15 after the company released its third-quarter results the day before.

Global CEO João Vitor Menin said the strategy is built for the long term, with consistency as a priority.

Inter is a Brazilian financial institution that aims to combine banking services with technology, a model Menin calls “Bantech.”

He said the company focuses on customer needs and on services that are convenient, affordable and secure.

The company is increasing investment in artificial intelligence to improve user experience and strengthen its technology infrastructure.

Those investments are part of its effort to keep its services improving, though no specific next steps or targets were given.

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João Vitor MeninInter global CEO
Inter's project is a long-term project, a project of consistency
via CNN Brasil
obsessed with using the best technology available
via CNN Brasil
It is a very successful model
via CNN Brasil