Business

How Brazil positioned itself as a global benchmark in financial regulation

Three regulatory changes to Brazil's financial system triggered a fintech boom over the last decade. Another two regulations are even bigger game-changers

financial system regulations
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The World Bank’s Global Findex showed that digital and mobile solutions have widened people’s access to financial services during the pandemic and that Latin America was the region where account ownership grew the most in the last four years. 

In the case of Brazil, this was possible due to at least three significant regulatory changes that triggered the country’s fintech boom in the last decade. 

But two ongoing shifts promised to be even more game-changers: PIX, the country’s real-time payment system launched in late 2020, and open finance, a regulatory framework designed to gradually enable the smart sharing of...

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