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2 clusters · 2 sources · 21 days · First seen · Last updated

Ueno Bank operations and regulatory scrutiny in Paraguay

Overview

Ueno Bank has undergone significant technological expansion in Paraguay, investing USD 120 million over an 18-month period to enhance digital infrastructure. This investment, involving partners such as Amazon Web Services and Mastercard, focused on cloud computing, biometrics, and digital onboarding. By August 2026, the bank reported over 3 million customers and claimed to process one in three transfers in Paraguay.

Following this period of growth, the bank became the subject of a Senate inquiry. Members of the Honor Colorado caucus requested a report from the Central Bank of Paraguay to investigate whether the institution exceeded legal limits regarding the concentration of public funds, specifically deposits from the Social Security Institute (IPS). While senators noted there were no definitive indications of legal breaches, the inquiry seeks to verify regulatory compliance and oversight. Ueno Bank has responded by asserting it is in “full compliance with all applicable legal and regulatory requirements.”

Entities

ueno bank · Mastercard · Paraguay · Juan Manuel Gustale · Natalicio Chase

Timeline

  1. 4 days ago

    [BUSINESS] 2 sources
    Ueno Bank faces Senate inquiry over public fund deposits

    Paraguayan senators have requested a report from the Central Bank regarding whether Ueno Bank exceeded legal limits on public fund deposits, specifically from the IPS. The bank maintains it is in full legal and

  2. 25 days ago

    [BUSINESS] 3 sources
    ueno bank invests USD 120 million in Paraguayan financial technology

    ueno bank has invested USD 120 million in technology over 18 months to expand digital banking and financial inclusion in Paraguay, serving over 3 million customers.

Sources

1000noticias.com.py · eltrueno.com.py