Barbieri said that people’s financial history “should not belong to the banking entities but to themselves” as occurs with the number portability of cell phone users. “Today, if a person wants to change banks, he loses all his credit history and in this way starts from scratch in another entity. This implies, for example, accessing lower limits for the use of his credit cards or lower benefits to access some credits “, he detailed.
Secondly, the CEO of Ualá said that “it is also necessary that the conditions to develop the activity” be the same for everyone, without protecting the monopolies.
It is worth mentioning that the fintech companies were excluded from paying the benefits during the pandemic, despite the fact that several of them had been carrying out negotiations with ANSES.
Open banking, Brazil-style
Barbieri mentioned that the country should move towards an open banking system, such as exists in Brazil. In the neighboring country, in February 2021, gradually began the implementation of open banking with the expectation of revolutionizing its financial system.
What does it consist of? Open banking is a set of rules and technologies that allows the sharing of customer data and services, with their authorization, among financial institutions through the integration of their systems.
According to the rules of the Brazilian Central Bank, the system must not only guarantee the secure transmission of data between financial institutions and companies, but will also follow performance standards and information format defined by the regulator.
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