Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.
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Brazil celebrates 2 years of open finance
“Brazil has reached five million connected accounts five times faster than the UK, Australia is already live with 'open energy' and countries like Singapore and Saudi Arabia are delivering standards that will be regionally interoperable. The competition for UK open banking providers is already heating up."
