Banco Central's new Open Finance credit-portability rule went live in February 2026 for personal loans, cutting the maximum transfer time from five to three business days via standardized data sharing between banks and fintechs. Federal salary-loan (consignado) portability entered restricted testing in August 2026 with public launch set for November 2026, and further credit modalities follow in later phases.
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Brazil Open Finance: port a loan to a cheaper lender in three business days
Why this matters for founders
A founder carrying business or personal debt can shop competing banks and fintechs and digitally port an existing loan to a lower rate in about three days, freeing cash flow; fintech founders can build products on the new standardized portability APIs.
Source: Contabeis
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