Brazilian lender Banco Bradesco has teamed up with consultancy firm Capco to unveil a new digital banking platform.

The new platform, dubbed Next, will offer differentiated banking products for the millennial customer segment.

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The platform will allow users to make money transfers and split payments with friends, track their spending, and manage their money.

The firms said they plan to add more features to the platform, which will run both on iOS and Android devices.

Capco global technology delivery partner Lynn Hughes said: “Our collaboration is an important milestone whereby our global experience and the bank’s commitment to being at the forefront of digitization has resulted in a truly differentiated banking experience for the digital millennials.”

Capco North America managing partner Guido Tamburini added: “We’re honored to collaborate with Banco Bradesco in this disruptive effort to build the future of banking in Brazil. The Next project is an ideal showcase for our capabilities in the Brazilian market, while aligning with the opening of our new office in Sao Paulo.”