The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Brazilian Journal of Operations & Production Management (Online) |
Texto Completo: | https://bjopm.org.br/bjopm/article/view/1661 |
Resumo: | Goal: To provide an overview of the implementation of Open Banking in Brazil from the perspectives of financial sector professionals and specialists. Design / Methodology / Approach: A systematic literature review was conducted on three databases: Scopus, Web of Science, and BDTD. This led to the selection of 15 articles discussing the implementation of Open Banking in Brazil based on key variables from international literature. Questionnaires were used to investigate divergences and additions to the theoretical findings among a group of 150 specialists. The results obtained in the questionnaire were analyzed through the application of multivariate statistical techniques, in addition to qualitative techniques. Practical Implications: The main benefits and difficulties faced by countries that have already experienced Open Banking implementation were identified. The perception of respondents from different groups was investigated regarding the implementation of this system in Brazil and potential business models stemming from this phenomenon. Thus, this study offers an overview of Open Banking implementation in Brazil from the perspectives of financial sector specialists. Originality / Value: The overview of Open Banking implementation in the Brazilian banking sector is highly connected to investments in technology. This process has been disruptive, requiring banks to adopt a client-centric strategy instead of one based on products and services. As for the regulatory aspects, despite the country possessing a favorable environment for the development of new products and services stemming from Open Banking, banks are facing challenges to fulfill the implementation schedule established by the Brazilian Central Bank. |
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The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banksEnglish English: an overview from the perspectives of professionals from large retail banksOpen BankingRegulationDigital TransformationClient ExperienceRetail BanksEnglishGoal: To provide an overview of the implementation of Open Banking in Brazil from the perspectives of financial sector professionals and specialists. Design / Methodology / Approach: A systematic literature review was conducted on three databases: Scopus, Web of Science, and BDTD. This led to the selection of 15 articles discussing the implementation of Open Banking in Brazil based on key variables from international literature. Questionnaires were used to investigate divergences and additions to the theoretical findings among a group of 150 specialists. The results obtained in the questionnaire were analyzed through the application of multivariate statistical techniques, in addition to qualitative techniques. Practical Implications: The main benefits and difficulties faced by countries that have already experienced Open Banking implementation were identified. The perception of respondents from different groups was investigated regarding the implementation of this system in Brazil and potential business models stemming from this phenomenon. Thus, this study offers an overview of Open Banking implementation in Brazil from the perspectives of financial sector specialists. Originality / Value: The overview of Open Banking implementation in the Brazilian banking sector is highly connected to investments in technology. This process has been disruptive, requiring banks to adopt a client-centric strategy instead of one based on products and services. As for the regulatory aspects, despite the country possessing a favorable environment for the development of new products and services stemming from Open Banking, banks are facing challenges to fulfill the implementation schedule established by the Brazilian Central Bank.Brazilian Association for Industrial Engineering and Operations Management (ABEPRO)2022-10-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed Articleapplication/pdfhttps://bjopm.org.br/bjopm/article/view/166110.14488/BJOPM.1661.2022Brazilian Journal of Operations & Production Management; Vol. 19 No. 4 (2022): special edition; 1661 2237-8960reponame:Brazilian Journal of Operations & Production Management (Online)instname:Associação Brasileira de Engenharia de Produção (ABEPRO)instacron:ABEPROenghttps://bjopm.org.br/bjopm/article/view/1661/1027Copyright (c) 2022 Arthur Vilela Gonçalves, Fernando Oliveira de Araujohttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessGonçalves, Arthur VilelaAraujo, Fernando Oliveira de2022-10-16T00:34:37Zoai:ojs.bjopm.org.br:article/1661Revistahttps://bjopm.org.br/bjopmONGhttps://bjopm.org.br/bjopm/oaibjopm.journal@gmail.com2237-89601679-8171opendoar:2023-03-13T09:45:30.622764Brazilian Journal of Operations & Production Management (Online) - Associação Brasileira de Engenharia de Produção (ABEPRO)false |
dc.title.none.fl_str_mv |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks English English: an overview from the perspectives of professionals from large retail banks |
title |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
spellingShingle |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks Gonçalves, Arthur Vilela Open Banking Regulation Digital Transformation Client Experience Retail Banks English |
title_short |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
title_full |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
title_fullStr |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
title_full_unstemmed |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
title_sort |
The implementation of Open Banking in Brazil: an overview from the perspectives of professionals from large retail banks |
author |
Gonçalves, Arthur Vilela |
author_facet |
Gonçalves, Arthur Vilela Araujo, Fernando Oliveira de |
author_role |
author |
author2 |
Araujo, Fernando Oliveira de |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Gonçalves, Arthur Vilela Araujo, Fernando Oliveira de |
dc.subject.por.fl_str_mv |
Open Banking Regulation Digital Transformation Client Experience Retail Banks English |
topic |
Open Banking Regulation Digital Transformation Client Experience Retail Banks English |
description |
Goal: To provide an overview of the implementation of Open Banking in Brazil from the perspectives of financial sector professionals and specialists. Design / Methodology / Approach: A systematic literature review was conducted on three databases: Scopus, Web of Science, and BDTD. This led to the selection of 15 articles discussing the implementation of Open Banking in Brazil based on key variables from international literature. Questionnaires were used to investigate divergences and additions to the theoretical findings among a group of 150 specialists. The results obtained in the questionnaire were analyzed through the application of multivariate statistical techniques, in addition to qualitative techniques. Practical Implications: The main benefits and difficulties faced by countries that have already experienced Open Banking implementation were identified. The perception of respondents from different groups was investigated regarding the implementation of this system in Brazil and potential business models stemming from this phenomenon. Thus, this study offers an overview of Open Banking implementation in Brazil from the perspectives of financial sector specialists. Originality / Value: The overview of Open Banking implementation in the Brazilian banking sector is highly connected to investments in technology. This process has been disruptive, requiring banks to adopt a client-centric strategy instead of one based on products and services. As for the regulatory aspects, despite the country possessing a favorable environment for the development of new products and services stemming from Open Banking, banks are facing challenges to fulfill the implementation schedule established by the Brazilian Central Bank. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-10-15 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://bjopm.org.br/bjopm/article/view/1661 10.14488/BJOPM.1661.2022 |
url |
https://bjopm.org.br/bjopm/article/view/1661 |
identifier_str_mv |
10.14488/BJOPM.1661.2022 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://bjopm.org.br/bjopm/article/view/1661/1027 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2022 Arthur Vilela Gonçalves, Fernando Oliveira de Araujo http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2022 Arthur Vilela Gonçalves, Fernando Oliveira de Araujo http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Brazilian Association for Industrial Engineering and Operations Management (ABEPRO) |
publisher.none.fl_str_mv |
Brazilian Association for Industrial Engineering and Operations Management (ABEPRO) |
dc.source.none.fl_str_mv |
Brazilian Journal of Operations & Production Management; Vol. 19 No. 4 (2022): special edition; 1661 2237-8960 reponame:Brazilian Journal of Operations & Production Management (Online) instname:Associação Brasileira de Engenharia de Produção (ABEPRO) instacron:ABEPRO |
instname_str |
Associação Brasileira de Engenharia de Produção (ABEPRO) |
instacron_str |
ABEPRO |
institution |
ABEPRO |
reponame_str |
Brazilian Journal of Operations & Production Management (Online) |
collection |
Brazilian Journal of Operations & Production Management (Online) |
repository.name.fl_str_mv |
Brazilian Journal of Operations & Production Management (Online) - Associação Brasileira de Engenharia de Produção (ABEPRO) |
repository.mail.fl_str_mv |
bjopm.journal@gmail.com |
_version_ |
1797051459525672960 |