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With open banking plan, Brazil takes aim at big banks

13Mai2019May13,2019
Capital Markets
Iupana

​​Brazil’s Central Bank has shown it is serious about forcing competition into the country’s highly concentrated banking system, laying out plans for groundbreaking open banking regulation. The new rules will force the country’s biggest five banks – which alone hold 80% of Brazilian deposits – to share customer data with third parties. Click here to learn more.