Roberto Campos Neto, President of Brazil’s Central Bank, predicts a major change in banking apps. He believes that individual bank apps like let’s say Bradesco and Itaú will be replaced within two years. This change will be due to the Open Finance system, allowing access to all accounts through a single aggregator app. Campos Neto […]
Related Posts
Argentina and Venezuela Lead Latin America’s Recession Tally
Argentina and Venezuela have been identified as the most recession-prone economies in Latin America over the past 70 years, according to data from The Conference Board. Argentina has faced 25 economic downturns since 1951, securing the second spot globally for recession frequency. Venezuela follows suit, ranking ninth worldwide with 20 economic declines during the same […]
Brazil’s Goiás Funds Tech Startups for GovTech Innovations
The Goiás government is launching a GovTech Program to fund tech startups addressing public sector challenges. The application deadline is September 29th via the program’s website. The Science, Technology, and Innovation Department (Secti) leads the initiative. The program outlines 12 challenges in Administration, Health, and Education. The main goals include speeding up admin tasks and […]
South America’s New Trade Gateway: Peru’s $10B Railway Gamble
(Analysis) Imagine a future where goods from Brazil’s lush farmlands reach China in record time, bypassing the Panama Canal. This isn’t a far-fetched dream but a potential reality as Peru embarks on an ambitious infrastructure overhaul. The country is gearing up to build two major railway lines, a move that could reshape South American trade. […]