Term deposits and other products of an investment nature, open supplementary pension insurance and capitalization.
In BCB Normative Instruction No. 205, the regulator informed that the start date of the fourth and final phase of Open Banking is maintained for this Wednesday (15), when the participating institutions must start the process of functional certification of the APIs of the products that will be shared, in order to ensure quality and adherence to specifications.
Once the certifications are obtained, registration in the productive environment of the Participant Directory of APIs related to products and services must take place by March 4, 2022 for insurance, open supplementary pensions and capitalization.
For accreditation services in payment arrangements, the deadline is March 11th. Exchange operations have until March 18th. And time deposit accounts and other products of an investment nature must have API registration by March 25th.
In practice, with phase 4, Open Banking evolves into Open Finance, with the sharing of a set of information beyond traditional banking products and services.
The third phase, it is worth remembering, came into effect on October 29, after having been postponed (initially, it was scheduled for August), as anticipated by Finsiders.
The complete functioning of the system is scheduled for September 2022. In practice, the BC 'phased' the implementation of Open Banking, which now has nine stages, between this year and 2022.
Article extracted from: https://finsiders.com.br/
Term deposits and other products of an investment nature, open supplementary pension insurance and capitalization.
In BCB Normative Instruction No. 205, the regulator informed that the start date of the fourth and final phase of Open Banking is maintained for this Wednesday (15), when the participating institutions must start the process of functional certification of the APIs of the products that will be shared, in order to ensure quality and adherence to specifications.
Once the certifications are obtained, registration in the productive environment of the Participant Directory of APIs related to products and services must take place by March 4, 2022 for insurance, open supplementary pensions and capitalization.
For accreditation services in payment arrangements, the deadline is March 11th. Exchange operations have until March 18th. And time deposit accounts and other products of an investment nature must have API registration by March 25th.
In practice, with phase 4, Open Banking evolves into Open Finance, with the sharing of a set of information beyond traditional banking products and services.
The third phase, it is worth remembering, came into effect on October 29, after having been postponed (initially, it was scheduled for August), as anticipated by Finsiders.
The complete functioning of the system is scheduled for September 2022. In practice, the BC 'phased' the implementation of Open Banking, which now has nine stages, between this year and 2022.
Article extracted from: https://finsiders.com.br/