The US banking fortress just got a new neighbor. NuBank—the Latin American titan with 127M+ customers—has officially announced its US National Bank License.

In this minisode, Aman and Zubin break down why this isn't just another fintech launch. We explore the "Wayne-dependent" reality of US regional banks stuck on 1980s COBOL code and why NuBank’s $1 cost-to-serve makes them a lethal competitor to the "Hollow Middle" of American finance.

Highlights include:

• The COBOL Crisis: Why US regional banks are being held hostage by 40-year-old software.
• Hard Mode Mastery: How NuBank conquered Brazil and why that makes the US market look like "Easy Mode."
• Focus vs. Breadth: Why NuBank is succeeding where Revolut is still fighting for regulatory ground.
• The Death of the Legacy Tax: What a cloud-native "siege engine" means for your wallet.

Chapters:
00:00 The Hook: COBOL vs. The Purple Glow
01:30 The Backstory: Fighting "Hard Mode" in Brazil
04:30 The US Map: Mega-Banks vs. Hollow Regionals
07:00 Secret Sauce: Why NuBank is different from Revolut
09:30 Aman’s Mic Drop: The End of the Legacy Tax
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