British digital lender Monzo is in talks on a possible sale to Brazil's Nubank, according to Sky News and Reuters reports.

The reported deal would value Monzo at about 10 billion pounds.

A deal would combine a major European challenger bank with a leading Latin American financial platform.

The article says the talks reflect rapid consolidation across the digital banking sector.

Analysts say expanding abroad is costly for digital banks, and a buyout can bring ready customer bases in new regions.

Neither company has finalized a binding agreement, the article notes.

A deal this size would need regulatory approval, due diligence, and shareholder alignment before any announcement.

Both companies declined to give immediate public comment on the merger speculation.

Regulators in the United Kingdom and Brazil would scrutinize the deal if the companies proceed.

Read the full article on the reported Monzo and Nubank sale talks.