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[Ranijuthi12]

By defining the schedule consisting of four stages for the regulation and official entry into operation of Open Banking, the Central Bank injected a greater dose of expectation into the investment market by clarifying how the project will develop until the consolidation of the so-called Open Broker. It is now public knowledge that the fourth phase, scheduled for October 25, 2021, will include investments, insurance, open supplementary pension and other items. Thus, it is at this time that experts believe that there will be major movements based on the new model.

The Open Broker concept was born from a study carried out by CVM in partnership with ITS Rio (Institute of Technology and Society) at the end of 2019. At the time, the institution was USA Phone Number List looking for ways to make the market more efficient, support new entrants and reduce costs. The conclusion then was that, for this, it would be essential to create a single database using blockchain technology in which not only investor.



Data could be shared, but also all custody, all assets that he owns, all investments, real estate securities and similar information. Currently, this database is pulverized under the control of brokers. This obliges the market to incur high costs, for example, with building the investor's risk profile. This means knowing, for example, whether the financial product he is purchasing is suitable for his financial moment.