Brazil’s Central Bank receives international award for open finance

Open finance allows customers to authorize sharing their data in a standardized way with several types of financial institutions.

RIO DE JANEIRO, BRAZIL - On June 14, the Brazilian Central Bank (BC) announced that the Brazilian Open Finance was awarded internationally, about three months after the launch.

Through the social network Twitter, the BC informed that the initiative won the Central Banking Awards 2022.

Open finance allows customers to authorize sharing their data in a standardized way with several types of financial institutions.

Based on the citizen's relationship history with the financial system, institutions can . . .

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