Brazil Open Finance (Resolução Conjunta No. 1/2020)
Brazil's Open Finance framework, established by the Central Bank of Brazil (BCB) through Resolução Conjunta No. 1/2020 and subsequent regulations, creates one of the world's most comprehensive open financial data ecosystems. Mandatory for regulated financial institutions, it covers banking, insurance, investments, pensions, and foreign exchange data sharing. Phases implemented from 2021-2023. Uses standardised APIs managed by the Open Finance Brasil governance structure.
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Framework Domains (7)
Consent and Data Sharing
| Code | Title |
|---|---|
| Art. 10 | Consent Requirements |
| Art. 11 | Consent Revocation |
| Art. 12 | Data Ownership |
| Art. 2 | Consent Definition |
Data Sharing Framework
API standards and data classification
Data Standards and Interoperability
| Code | Title |
|---|---|
| Art. 7 | Minimum Standards |
| Art. 8 | Data Categories |
| Art. 9 | Free Data Sharing |
| RICS-DT-1.1 | RICS Data Standard Schema |
| RICS-DT-1.2 | Data Portability and Comparability |
| RICS-DT-1.3 | International Standards Integration |
Governance and Oversight
KISO governance and statutory framework
| Code | Title |
|---|---|
| Art. 17 | Governance Structure |
| Art. 18 | Central Bank Supervision |
| Art. 19 | Consent Management Controls |
| Art. 20 | Executive Accountability |
| DMF-1.1 | Data Governance Structure |
| DMF-1.2 | Roles and Responsibilities |
| DMF-1.3 | Executive Sponsorship |
Governance and Security
Governance structure and security requirements
Scope and Objectives
| Code | Title |
|---|---|
| Art. 1 | Open Finance Implementation |
| Art. 3 | Objectives of Open Finance |
| Art. 4 | Participating Institutions |
Security and Risk Management
| Code | Title |
|---|---|
| Art. 13 | Data Security and Privacy |
| Art. 14 | Direct Data Flows |
| Art. 15 | Cybersecurity Requirements |
| Art. 16 | Data Quality |
Maps to 570 other frameworks
Frequently Asked Questions
What is Brazil Open Finance (Resolução Conjunta No. 1/2020)?
Brazil Open Finance (Resolução Conjunta No. 1/2020) is a compliance framework from Brazil with 7 domains and 24 controls. Brazil's Open Finance framework, established by the Central Bank of Brazil (BCB) through Resolução Conjunta No. 1/2020 and subsequent regulations, creates one of the world's most comprehensive open financial data ecosystems. Mandatory for regulated financial institutions, it covers banking, insurance, investments, pensions, and foreign exchange data sharing. Phases implemented from 2021-2023. Uses standardised APIs managed by the Open Finance Brasil governance structure. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does Brazil Open Finance (Resolução Conjunta No. 1/2020) have?
Brazil Open Finance (Resolução Conjunta No. 1/2020) has 24 controls organised across 7 domains. The largest domains are Governance and Oversight (7 controls), Data Standards and Interoperability (6 controls), Consent and Data Sharing (4 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does Brazil Open Finance (Resolução Conjunta No. 1/2020) map to?
Brazil Open Finance (Resolução Conjunta No. 1/2020) maps to 570 other compliance frameworks. The top mapping partners are BS 65000:2014 — Guidance on Organizational Resilience (58% coverage), Zimbabwe Data Protection Act (2021) (54% coverage), South Korea PIPA (54% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with Brazil Open Finance (Resolução Conjunta No. 1/2020) compliance?
Start your Brazil Open Finance (Resolução Conjunta No. 1/2020) compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about Brazil Open Finance (Resolução Conjunta No. 1/2020) requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 24 controls and track your progress.
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