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Itau Unibanco to launch ion app for Open Banking

Thursday 8 July 2021 09:43 CET | News

Itau Unibanco has planned to launch the ion application to aggregate information from 10 other banks and brokerages, to anticipate the Open Banking agenda in the investment area, according to neofeed.com.br
The bank’s goal is to win up to 500,000 account holders in 2021 and open the platform to non-account holders in 2022. 

July 15 2021 marks the debut of the second phase of Open Banking in Brazil, with the beginning of the sharing of data and banking transactions of individuals and companies between financial institutions. Within the calendar proposed by the Central Bank, other modalities will be incorporated into this new concept by the end of 2021. Among them, the investment area. But, the market is moving to get ahead before this alternative becomes a reality.

This is the case of Itaú Unibanco , which will incorporate the investment aggregator function into the ion, its investment app. The arrival of the resource will allow users to view all their applications on the platform, whether they are within the scope of Itaú or other banks and brokerages.



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Keywords: Open Banking, investment
Categories: Banking & Fintech
Companies:
Countries: Brazil
This article is part of category

Banking & Fintech