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Brazil central bank, monetary council regulate banking-as-a-service

BY Reuters | ECONOMIC | 11/28/25 09:07 AM EST

SAO PAULO, Nov 28 (Reuters) - Brazil's central bank and monetary council decided to regulate banking-as-a-service in the country, they said in a statement on Friday.

The move paves the way for companies of several segments to offer financial services to their clients through integration with institutions authorized to operate by the central bank.

The main goal of the regulation is to mitigate potential risks to clients and firms by establishing which parties are involved in the business model, as well as their respective responsibilities, they said. (Reporting by Fernando Cardoso; editing by Gabriel Araujo)

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