backOn August 11, 2025, the Central Bank of Brazil celebrated five years of Open Finance, emphasizing its position as one of the most advanced frameworks worldwide. Since its launch in 2020, the system has reached over 100 million authorizations for data and payment sharing, connecting 65 million accounts and handling approximately BRL 1.2 billion per month in transactions. During the event (LiveBC #44), Mardilson Queiroz, Head of the Financial System Regulation Department (Denor), highlighted key benefits such as smart transfers, recurring scheduling, and Automatic Pix payments.
According to Queiroz, Open Finance enhances customer autonomy over personal financial data in alignment with Brazil’s General Data Protection Law (LGPD). It already delivers more accurate credit assessments, improved portfolio management, and greater convenience in digital payments. Looking ahead, the system is expected to expand to credit, salary, and investment portability, as well as integration with other Central Bank solutions such as Pix. Further advancements may also involve artificial intelligence and tokenization, strengthening efficiency and customer-centric financial services.
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