No menu items!

Open banking in Brazil: What prompted the Central Bank to postpone the 2nd phase of data exchange

RIO DE JANEIRO, BRAZIL - The request to postpone the second phase of Open Banking came from members of the Convention to identify problems in the ratification of some procedures. The group comprises representatives of banks and fintechs and is responsible for writing the "manual" for data exchange.

Concerns about the security and efficiency of the data exchange were already evident a few days ago among financial institutions, which have a much larger volume of information to exchange. On Friday, in the run-up to the final tests before the debut of the second stage, it became increasingly clear that the . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content