Banco Original: Open Banking Initiative

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4 April 2017
Stephen Greer

Abstract

Celent Model Bank Award: Banco Original: Open Banking Initiative

Winner of Celent Model Bank 2017 Award for Consumer Digital Platforms. Banco Original is the first 100% digital bank in Brazil, and has pioneered a number of new technologies and delivery models within Latin America. The bank has leveraged it's Open Banking Platform to launch several innovative technologies like Open APIs, Facebook banking, Instagram banking, cloud deployment, and more. It's a Model for building a better digital bank.

Not only is Banco Original the first cloud-based digital-only universal bank in Latin America, but with a commitment to innovative applications of technology it puts itself in the ranks of the some of the more advanced brands globally.

The heart of Banco Original’s strategy was to leverage Open APIs to drive innovation and integration with new and emerging technologies. APIs offer the flexibility needed to stay relevant.

"Banco Original pushed the envelope on what’s possible, working closely with regulators to redefine banking standards. The bank moved the entire banking industry forward (in Brazil), allowing technology like mobile account opening and furthering the relevance of cloud deployment," commented Stephen Greer, Analyst in Celent's Banking practice.

Insight details

Content Type
Reports
Special Interest
Innovation & Emerging Technology, Risk Management & Compliance