Banking Jungle is back and in great company! On today's episode, I had the opportunity and pleasure to interview Marina Gil and Sulivan Rocha, from PCMI.

During this amazing 30-minute chat, we explored the innovative landscape that Brazil and Latin America are building within payments, understanding how technology is promoting better access by developing new methods and infrastructure to support the scalability that the region demands.

ABOUT PCMI:

Website: https://paymentscmi.com/

LinkedIn: https://www.linkedin.com/company/payments-and-commerce-market-intelligence/

Marina Gil's LinkedIn: https://www.linkedin.com/in/marina-gil-39a9127/

Sulivan Rocha's LinkedIn: https://www.linkedin.com/in/sulivanrocha/

The first hallmark for us here was the creation of the Brazilian Payment System (in Portuguese, we often refer to its acronym: SPB) in 2002. That was a significant milestone in the evolution of Brazil's payment system. The SPB was established as a result of a series of reforms aimed at modernizing the financial sector and improving the efficiency and safety of payment transactions.

The Central Bank of Brazil played a central role in the development of the SPB, working closely with financial institutions, government agencies, and other stakeholders to design a system that could meet the needs of Brazil's rapidly growing economy.

But, what are the key responsibilities of the Brazilian Payment System? Listen to the episode to find out : )

SOCIAL MEDIA LINKS

Instagram: https://www.instagram.com/bankingjungle/

LinkedIn: https://www.linkedin.com/company/bankingjungle/

The Central Bank of Brazil is one of the highest-regarded institutions in Brazil's financial system, being just below the National Monetary Council. Our Central Bank is the main regulator for banking and capital markets, responsible to promote and monitor a standard operation for every institution while keeping citizens’ interests at the center of all discussions.

One of the key responsibilities of the Central Bank of Brazil is to implement monetary policy, which involves controlling the money supply and interest rates to achieve the objectives of credit costs and financial stability. The Central Bank sets basic interest rates through its Monetary Policy Committee and makes changes as needed to achieve its goals.

If you're interested to learn more about BCB, listen to the full episode : )

IG: https://www.instagram.com/bankingjungle/

LinkedIn: https://www.linkedin.com/company/bankingjungle/

All the information used in this episode was retrieved directly from BCB's website: https://www.bcb.gov.br/

Unlike other countries, Brazil has a deep-layered Financial System, that can be confusing without proper guidance. In today's episode, we'll unveil each layer in detail, understanding the roles of the National Monetary Council, Central Bank, and the Banking industry. We'll draw the bigger picture of our financial system so we can explore each institution and system in future episodes.

Don't forget to follow us on Social Media!

IG: https://www.instagram.com/bankingjungle/

LinkedIn: https://www.linkedin.com/company/bankingjungle/

All the information used in this episode was retrieved directly from BCB's website: https://www.bcb.gov.br/

We can't start talking about the Brazilian Financial System if you don't know the basics about Brazil and Brazilians. This intro episode is nothing more than an intensive course wrapping in a couple of tweets everything that you need to know about us and our connection with finance, payment behavior, credit usage, investment plans, and banking relationship.

Follow us on Social Media: instagram.com/bankingjungle

Additional links:

https://static.poder360.com.br/2022/10/relatorio-de-economia-bancaria-2021-bc-6out2022.pdf

https://economia.uol.com.br/noticias/bbc/2021/12/13/calculadora-de-renda-90-brasileiros-ganham-menos-de-r-35-mil-confira-sua-posicao-lista.htm

https://br.brinks.com/-/brink-s-se-une-à-fundação-dom-cabral-em-pesquisa-que-traz-hábitos-e-preferências-dos-brasileiros-em-relação-aos-meios-de-pagamento.

https://www.cnnbrasil.com.br/business/numero-de-investidores-na-bolsa-cresce-15-em-2022-apostando-na-diversificacao/

https://warren.com.br/magazine/historico-da-inflacao/#:~:text=todos os dias.-,Década de 1990,fechou o ano em 9%25.

You know us from our Carnaval, our Samba, Football titles, Jiu Jitsu fighters, Formula One legends and some waxing bits, but there's one specific subject that we thrive and almost no one talks about.

Banking.

The land of samba is becoming a benchmark for Banks, Fintechs and Central Banks, with a booming environment for innovation and new technologies.

How does the Brazilian Financial System work? What's the Banking situation down here? How do we approach bank access being an under develop country? How do we address Open Finance, Instant Payment methods, CBDCs and Blockchain technology?

Welcome to the Banking Jungle: A Guide to Brazil's Financial System.

I'm Gabriel Falk, economist, product manager, fintech advocate and proud Brazilian. My goal here is to tell you the whys, whats and hows of our Financial System without it's complexity and technical terms.

We're available on every streaming platform, so don't forget to rate the show and give us a follow. Also, check the description to see what we're doing around social media.

Hope you enjoy the episodes, até logo

Banking Jungle's editor: https://www.linkedin.com/in/randimaldonado/