Post by account_disabled on Jul 21, 2023 21:23:34 GMT -8
The fourth phase, scheduled for December 14, includes the sharing of information on the financial operations provided by the institution, such as foreign exchange, insurance, investments, salary account, accreditation and social security. Data regarding products and services made available within this scope become public, such as total effective value (VET), accreditation fees and service fees. The purpose of Open Banking, as a whole, is to create.
An environment where customer information from institutions that provide financial services is standardized and shared. The model, already adopted in several other countries, such as the USA Phone Number List United Kingdom, is regulated by the Central Bank and aims to increase competitiveness, encouraging these companies to offer personalized solutions and more advantageous products to the population.
The idea is that customers can receive proposals that are more in line with their needs and be open to negotiating better rates, terms and services. A person can, for example, have a bank account at one bank and apply for a credit card or a pension plan at another without having to face all the bureaucracy of registering and managing platforms, common to procedures carried out in the financial system. All this is only possible, however, with the express authorization of the customer, who can decide which data to share, with whom and for how long.
An environment where customer information from institutions that provide financial services is standardized and shared. The model, already adopted in several other countries, such as the USA Phone Number List United Kingdom, is regulated by the Central Bank and aims to increase competitiveness, encouraging these companies to offer personalized solutions and more advantageous products to the population.
The idea is that customers can receive proposals that are more in line with their needs and be open to negotiating better rates, terms and services. A person can, for example, have a bank account at one bank and apply for a credit card or a pension plan at another without having to face all the bureaucracy of registering and managing platforms, common to procedures carried out in the financial system. All this is only possible, however, with the express authorization of the customer, who can decide which data to share, with whom and for how long.