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Brazil Window Opens for International Managers  Form

Brazil Window Opens for International Managers Form

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foreign [Music] good to see you finally after so many years of working together as a keen Observer of open banking I find it quite fascinating the progress which Brazil has made in this space and and how fast things have evolved what do you think is the reason for this what is driving you know this big progress in Brazil okay if I may start I think it has to do a lot with the way the Central Bank uh thought about it so it started with a real payments instant payments right picks and then we went to open finance and now it's going to go to cbdc right and uh within open finance itself I think it was a hybrid model so the legislation itself came from the central bank but then at the Central Bank instituted this group of associations that would really Drive upon that organization and make it happen and this group of associations it has everybody in the market so it has all the major Banks the middle Banks it has payments associations it has fintecs e-commerce so everybody worked to

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