Open Finance: Future is Open
summary
Brazil implements open banking that ties into Pix instant payments, a free 24/7 QR and key system that reaches mass use within a year and supports account-to-account instant settlement. Regulators and vendors push open banking to exchange data with open insurance so retail, payments and insurance can compose offers; during the pandemic about 70% adoption of digital accounts accelerates lending and credit scoring. Security relies on consented biometric auth, end-to-end encryption and key management, while API exposure and lifecycle management remain the main operational challenge.
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chapters (7)
- 0:00Intro
- 2:42What is Open Finance
- 3:35The Future is Open
- 5:39Security
- 9:13Open Data
- 13:33Banks and Open Finance
- 16:09Embedded Insurance
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