Business · Companies · 5 hrs ago

Brazil tightens Open Finance security rules and eases business access

Brazil tightens Open Finance security rules and eases business access

Brazil’s Monetary Council and Central Bank tightened Open Finance security rules.

The rules cover the sharing of customer data through the system.

The changes also make Open Finance easier for companies to use.

The system’s use of customer data makes security rules central to how it operates.

The authorities say suspected cases will be blocked.

The available information does not say how the new rules will work in practice or what happens next.

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