{"id":5650,"date":"2018-03-11T14:35:05","date_gmt":"2018-03-11T14:35:05","guid":{"rendered":"https:\/\/insights.invyo.io\/latam\/?p=5650"},"modified":"2018-03-27T14:36:09","modified_gmt":"2018-03-27T14:36:09","slug":"open-banking-in-brazil-with-financial-institution-sicoob","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/latam\/fintech-corner\/flash-news\/open-banking-in-brazil-with-financial-institution-sicoob\/","title":{"rendered":"Open Banking in Brazil with financial institution Sicoob"},"content":{"rendered":"

Sicoob, Brazil’s largest financial cooperative and one of country’s largest banking service network, announced few weeks ago the official launch of its Open Banking program.<\/strong><\/p>\n

Sicoob<\/strong><\/a>\u00a0is going one step further in its digital transformation plan by allowing any third-part providers<\/strong>\u00a0(TPPs) access a range of financial products and services, and most importantly access data related to all its client’s operations.<\/p>\n

Indeed, TPPs will now be able to connect to Sicoob’s infrastructure<\/strong> to get data\u00a0on current account<\/strong> balance, transactions, savings, etc. that will aim to better serve customers’ needs.<\/p>\n

According to Ant\u00f4nio Vila\u00e7a J\u00fanior, Sicoob’s director of technology:<\/p>\n

“Open Banking is another action in the Digital Transformation plan of the cooperative. The project aims to improve an experience of cooperation in the relationship with Sicoob through digital solutions.”<\/p><\/blockquote>\n

With\u00a030% of its client base<\/strong> being referenced to as millennials, Sicoob is trying to adapt to a whole new generation of tech-savvy<\/strong> that are looking to manage their savings<\/strong> in a easier and more modern way.<\/p>\n

To do so, the so-called Fintech start-ups will go through Sicoob’s portfolio of Application Programming Interfaces<\/strong> (APIs) to extract the adequate data to be used to deliver their financial products or services.<\/p>\n

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Sicoob, Brazil’s largest financial cooperative and one of country’s largest banking service network, announced few weeks ago the official launch of its Open Banking program. Sicoob\u00a0is going one step further in its digital transformation plan by allowing any third-part providers\u00a0(TPPs) access a range of financial products and services, and most importantly access data related to […]<\/p>\n","protected":false},"author":2,"featured_media":5663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,7],"tags":[1800,1848,159,233,1671,1849,403,1766,1854,807,1853,904,1022,1075,1153,1220,1847,1336,1850,1851,1852],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n