Banfico expands to Brazil with new subsidiary

Tuesday 19 October 2021 13:50 CET | News

Banfico has announced the launch of its subsidiary in Brazil, Banfico Tecnologia Ltda in São Paulo.

The creation of this new subsidiary closely follows the launch of Brazil’s Open Banking roadmap which started its implementation in February 2021.

Banfico was already operating in Brazil through a partnership with Câmara Interbancária de Pagamentos (CIP), the clearing house for the Brazilian Payments System. With this partnership with CIP, Banfico has been delivering Open Banking into nine banks such as Citibank, JP Morgan, and Bank of America.

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Keywords: PSD2, Open Banking, API, banks
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Brazil
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Banking & Fintech

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