{"id":9103,"date":"2026-09-03T12:00:00","date_gmt":"2026-09-03T12:00:00","guid":{"rendered":"https:\/\/irgee.com\/?p=irgee-en-import-4"},"modified":"2026-09-06T18:47:30","modified_gmt":"2026-09-06T18:47:30","slug":"open-finance-brazil-how-it-works-revoke-consent","status":"publish","type":"post","link":"https:\/\/irgee.com\/?p=9103","title":{"rendered":"Open Finance in Brazil: how it works, which data to share and how to revoke consent"},"content":{"rendered":"<p>If you want to understand what Open Finance is, which data can be shared and how to revoke a consent, this article provides a practical summary applicable to the Brazilian context. I will explain, step by step, how to check what you are authorizing, which risks to consider, and how to stop sharing when you choose to.<\/p>\n<p>The information below offers general guidance and is based on the rules and explanatory material from the Banco Central do Brasil and the Open Finance Brasil initiative. It does not replace individualized analysis; procedures, menus and limits may change as rules or institutions&#8217; interfaces are updated.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/irgee.com\/?p=9103\/#What_is_Open_Finance_direct_answer\" >What is Open Finance (direct answer)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/irgee.com\/?p=9103\/#Practical_steps_to_authorize_and_manage_consents\" >Practical steps to authorize and manage consents<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/irgee.com\/?p=9103\/#How_to_revoke_in_practice\" >How to revoke, in practice<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/irgee.com\/?p=9103\/#Checklist_before_authorizing_table\" >Checklist before authorizing (table)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/irgee.com\/?p=9103\/#Common_mistakes\" >Common mistakes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/irgee.com\/?p=9103\/#Limits_and_risks\" >Limits and risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/irgee.com\/?p=9103\/#Frequently_asked_questions\" >Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/irgee.com\/?p=9103\/#Questions_and_answers\" >Questions and answers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/irgee.com\/?p=9103\/#Sources_and_updates\" >Sources and updates<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Open_Finance_direct_answer\"><\/span>What is Open Finance (direct answer)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Open Finance is a set of rules and technologies that allows the customer \u2014 you \u2014 to authorize the sharing of your financial data among institutions, with control over scope, purpose and duration. According to the Banco Central, the idea is to increase competition and the range of financial products, while ensuring that sharing only happens with your explicit consent (<a href=\"https:\/\/www.bcb.\n\n\ngov.br\/estabilidadefinanceira\/cliente-open-finance&#8221;>bcb.gov.<\/p>\n<p>br<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Practical_steps_to_authorize_and_manage_consents\"><\/span>Practical steps to authorize and manage consents<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Identify the request<\/strong>: check which institution is requesting access and which platform is asking for the data (who will receive the information).<\/li>\n<li><strong>Read the scope<\/strong>: review which types of data will be shared (e.g., registration data, account statements, contracts), the purpose and the duration. The description should be clear on the authorization screen.<\/li>\n<li><strong>Choose an appropriate duration<\/strong>: authorize for the shortest period necessary for the intended service. You can opt for temporary authorizations.<\/li>\n<li><strong>Authorize only what is necessary<\/strong>: if you can select specific categories of data, allow only those essential to the service.<\/li>\n<li><strong>Review and save proof<\/strong>: when you authorize, save any receipt or record of the authorization provided by the institution.<\/li>\n<li><strong>Monitor the sharing<\/strong>: periodically check the active consents and authorized providers in your institution&#8217;s app or website.<\/li>\n<li><strong>Revoke whenever you want<\/strong>: if you decide to cancel, use the consent-management channel of the institution where you gave authorization (app, internet banking or customer service). Under Banco Central rules, you may revoke at any time and should receive confirmation of the revocation (<a href=\"https:\/\/www.bcb.gov.br\/estabilidadefinanceira\/cliente-open-finance\" target=\"_blank\" rel=\"noopener\">bcb.gov.br<\/a>).<\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"How_to_revoke_in_practice\"><\/span>How to revoke, in practice<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Methods for revocation depend on each institution: they are usually available in the mobile app, internet banking or through customer support. The Banco Central requires that consumers have control and be informed about the channels, but menus and procedures can change; consult the institution and the official Open Finance Brasil material (<a href=\"https:\/\/openfinancebrasil.org.\n\n\nbr\/&#8221;>openfinancebrasil.org.br<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Checklist_before_authorizing_table\"><\/span>Checklist before authorizing (table)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Item<\/th>\n<th>Why check<\/th>\n<th>Where to find it<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Identity of the recipient<\/td>\n<td>Prevents sharing with unknown providers<\/td>\n<td>Authorization screen \/ terms<\/td>\n<\/tr>\n<tr>\n<td>Scope of data<\/td>\n<td>Limits what will be accessed<\/td>\n<td>Consent screen<\/td>\n<\/tr>\n<tr>\n<td>Purpose<\/td>\n<td>Checks whether it makes sense for your goal<\/td>\n<td>Screen and explanatory document<\/td>\n<\/tr>\n<tr>\n<td>Duration<\/td>\n<td>Avoids open-ended authorizations<\/td>\n<td>Authorization options<\/td>\n<\/tr>\n<tr>\n<td>Revocation confirmation<\/td>\n<td>Ensures you can cancel later<\/td>\n<td>Institution policy \/ customer service<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Common_mistakes\"><\/span>Common mistakes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Authorizing a broad scope without need: this releases data that are not essential for the service.<\/li>\n<li>Not checking the duration: leaving authorizations active for long periods without review.<\/li>\n<li>Trusting offers blindly: evaluate the real benefits before sharing.<\/li>\n<li>Ignoring official revocation channels: using messages or third parties to cancel may fail.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Limits_and_risks\"><\/span>Limits and risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Open Finance increases the customer&#8217;s control over their data, but there are risks related to handling and security. Banco Central regulation defines security requirements and requires participants to follow standards; nonetheless, incidents can happen. Always verify that the provider is an authorized institution and follow good security practices (strong passwords, multi-factor authentication, avoid public networks).<\/p>\n<p> For rules and definitions, consult Banco Central and the Open Finance Brasil initiative; remember that menus, limits and procedures may evolve (<a href=\"https:\/\/www.bcb.gov.\n\n\nbr\/estabilidadefinanceira\/cliente-open-finance&#8221;>bcb.gov.br<\/a>, <a href=\"https:\/\/openfinancebrasil.\n\n\norg.br\/&#8221;>openfinancebrasil.org.<\/p>\n<p>br<\/a>).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Questions_and_answers\"><\/span>Questions and answers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Below are concise answers to common doubts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sources_and_updates\"><\/span>Sources and updates<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Information based on the official pages of the Banco Central do Brasil and the Open Finance Brasil initiative. Check the links below for details and updates, as rules and procedures may change.<\/p>\n<p><strong>This content is informational and does not replace individualized professional advice.<\/strong><\/p>\n<hr>\n<p>Sources:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.bcb.gov.br\/estabilidadefinanceira\/cliente-open-finance\" target=\"_blank\" rel=\"noopener\">Banco Central do Brasil \u2014 Open Finance (customer page)<\/a><\/li>\n<li><a href=\"https:\/\/openfinancebrasil.org.br\/\" target=\"_blank\" rel=\"noopener\">Open Finance Brasil<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Practical guide on what Open Finance is in Brazil, which data can be shared, how to read and manage consents, and how to revoke authorization with institutions, with guidance based on official sources.<\/p>\n","protected":false},"author":1,"featured_media":9128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[611,383,614],"class_list":["post-9103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-education","tag-brazil-2026","tag-financial-education","tag-what-is-open-finance-and-how-it-works"],"_links":{"self":[{"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/posts\/9103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/irgee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9103"}],"version-history":[{"count":2,"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/posts\/9103\/revisions"}],"predecessor-version":[{"id":9130,"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/posts\/9103\/revisions\/9130"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/irgee.com\/index.php?rest_route=\/wp\/v2\/media\/9128"}],"wp:attachment":[{"href":"https:\/\/irgee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/irgee.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/irgee.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}