The Central Bank is preparing a new round of adjustments and seeks to balance security and innovation
The Central Bank announces a package of measures to strengthen the security of the financial system following hacker attacks and the use of fintechs by criminal organizations.
Following recent attacks on technology service providers, the Central Bank introduced emergency measures to protect the financial system, including a R$15,000 limit on Pix and TED transactions carried out by unauthorized payment institutions. The new rules seek to balance innovation and security, but they pose significant operational challenges for fintechs and companies operating through PSTIs.
This is a significant limitation for many institutions that operate as legal entities. If a client places an order for R$30,000, they can't split it to fit the limit, which can lead to the partner's perceived insufficiency.
Highlights Vicente Picolli
