Brazil Announces Data Scope For Final Phase Of Open Banking
The Open Banking implementation started in Brazil in February 2021 as part of a broader modernization agenda for the financial services industry. Under the model, consumers have the right to access their financial data held by institutions via application programming interfaces (APIs) and consent to use that data by third parties for their benefit. Announced today (9), the scope of the fourth stage of the Open Banking roll-out covers data on financial services such as foreign exchange, investments, accreditation, insurance and pensions....