Open Finance: Who Qualifies and What You Get
Learn how to share your financial data between banks to access better credit offers and manage your finances more effectively.
Open Finance is a system that allows you to share your financial information between different banks and institutions.
Who it's for
This system is designed for bank customers who want to take more control over their financial information.
What you get
By using this system, you gain the ability to share your financial data between different banks. This sharing process can help you access better credit offers and more personalized financial services because your chosen bank can see your full financial history.
What it costs you
There is no cost to use this service; it is entirely free. To use it, you will need to provide consent through your banking app.
The catch to know
While you have control over your data, you must remember that you can revoke your consent at any time. If you change your mind, you can go into your app settings and stop the data sharing immediately.
How to apply
- Log into your banking application.
- Look for the section related to data sharing or privacy settings.
- Select the institution you wish to share your data with.
- Follow the prompts to confirm your consent.
For more information, visit the official portal: https://openfinancebrasil.org.br/