The Ozone Layer – Open Banking in Brazil
In the latest instalment of the Ozone Layer we had the privilege of being joined by Tiago Aguiar who leads the development of New Platforms at TecBan.
As Brazil starts it’s open banking regulation with a very broad and progressive scope, we discuss the development of Open Banking in Brazil, tackling financial inclusion and the role that TecBan are playing.
In addition, we hear more about the huge Hackathon which TecBan ran just a few weeks ago. With over a thousand applicants, this was a festival of innovation and Tiago talks about some of the great propositions that were developed. With almost 50m people outside of the traditional banking market, it is no surprise that Financial Inclusion was a big area of focus.
There will be more episodes of the Ozone Layer to come. If you have an idea for something you would like us to talk about with our partners and friends then please follow us on Linkedin or Twitter and let us know.
Canada's Consumer-Driven Banking Act received Royal Assent on March 26th. Eyal Sivan, GM for North America at Ozone API and host of the Mr. Open Banking podcast, breaks down what the legislation actually settles, where Canada sits relative to other markets, and what banks and credit unions should be doing right now.
The U.S. open banking market has always moved on its own terms. But with JP Morgan now charging for API access, the commercial conversation has changed. Dame Jayne-Anne Gadhia, Ex-CEO of Virgin Money, joins Huw Davies to discuss data ownership, fairness, and why the U.S. won't stay in its holding pattern much longer.
The traditional banking model is dead. Today's customers are CEOs of their own financial lives, assembling best-of-breed services through open finance. Banks face a critical choice: become a compliance-only utility and lose the customer interface, or build smart API strategies that make them indispensable components in customer-managed financial stacks.