FDATA Latin America aims for the development of Open Finance in the region as a force to improve financial inclusion, unlock innovative business models, boost competition and empower customers in their financial journey.
We work with governments, regulatory authorities and the financial services industry to enshrine the rights of customers to share their financial data with regulated organisations of their choosing.
What we are doing in South America
FDATA has played an active role in the South American region, particularly in Brazil, where the local Open Finance model is currently under construction. We’ve been participating in the public consultations put out by the regulator and supporting our members in different working groups, providing our expertise and bringing benchmarks and best practices from other parts of the world, in order to help in the development of the regulatory framework.
Lumila Volochen
Ludmila Volochen, Latin America Director at FDATA, is a lawyer with over 16 years of professional experience. After more than 9 years serving in key roles at the Ministry of Justice, Ministry of Finance, and as legal affairs advisor to the Presidency of Brazil, she moved into the private sector as a government relations supervisor for Mercado Livre, the biggest e-commerce in Latin America, where she led the Brazilian development of the group’s fintech, Mercado Pago. During her tenure there, she chaired one of the governance working groups for the implementation of Open Finance in Brazil.
With her wealth of experience in policy development for regulated markets and payment systems, she became a senior policy specialist for iFood, a leading food delivery tech company in Brazil. Later she was invited to become head of public policy for the Brazilian Startups Association (Abstartups), with over 8,000 members in Brazil.
In addition to her impressive legal and tech background, she is also a published author, having co-authored the chapter on anti-money laundering and counter-terrorism financing in the highly regarded “Manual de Compliance.” Now in its third edition, this book has been highly sought after and completely sold out. Her contributions to this text have solidified her position as a leading expert in compliance and regulatory affairs, making her an invaluable asset to FDATA’s team.
What we do for members
We lobby government, regulators, policy makers and key stakeholders to support the benefits Open Banking and Finance brings to end consumers.
We represent our members’ views, giving them a collective seat at the industry negotiation table. We hold seats on a number of policy working groups, expert advisory groups, and task forces related to Open Banking. In these various forums, we ensure the risks and impacts to fintechs are considered, and that a collective position on the solution to these matters is presented to decision makers. We provide collective bargaining and negotiating power that individual firms cannot achieve on their own.
We also provide direct access and engagement to these decision makers for our members, with regular opportunities to speak directly to policy makers in industry roundtables we host.
FDATA gives members forward intelligence on key policy matters, changes, and trends. Our members can participate directly in various working groups, who serve to shape FDATA’s policy positions and recommendations.
We offer our member firms individual consultations on various policy, market positioning, and market expansion strategies. This service extends to introductions to potential partners across the ecosystem, from direct connections to opportunities to socialise with other ecosystem players at our hosted events and industry roundtables.
Annual subscription for membership of FDATA is based upon the employee headcount a company maintains in each region. Please contact the Region Director directly to discuss the benefits of membership and pricing applicable to your regional presence.
Membership Categories
1.
1-9 employees
2.
10-19 employees
3.
20-49 employees
4.
50-99 employees
5.
100-249 employees
6.
250-499 employees
7.
500+ employees
Financial Inclusion in Developing Countries
This article explores the pressing issue of social inequalities in developing countries and how financial inclusion can act as a public policy tool for empowering marginalized populations. By examining government aid programs, disruptive financial technologies, and open data in financial services, the article highlights the potential of a financially integrated population to improve social [...]
The Platformization of the Banking Industry
Understand what Banking as a Platform (BaaP) is and how consumer expectations will change under this concept This article was originally posted in portuguese in my column at Exame, the main business magazine in Brazil. It can be found at the https://bit.ly/BD_exame2 Download Document Here
Prospects for the Brazilian fintech scene in 2021
In 2020, fintechs in Brazil showed their resilience and attracted US$ 1,7 billion in investments. Check some of the trends and opportunities in the sector this year. Download Document Here
The Open Banking journey in Latin America
Bruno Diniz, Managing Partner at Spiralem and Director at FDATA South America, discusses the state of play in Open Banking in Latin America, the opportunities there, and further steps to unleash the potential of Open Banking Download Document Here
Regulatory Sandbox joins other regulatory initiatives and brings optimism to fintechs in Brazil
Despite the turbulent year, a major movement of regulatory and infrastructure updates planned for 2020 is following its course The portuguese version of this article can be found at FEBRABAN’s Noomis platform in the link: https://bit.ly/bdnoomis6 Download Document Here
FDATA anuncia Bruno Diniz como líder na América do Sul
São Paulo, 3 de fevereiro de 2020 – Bruno Diniz, um dos especialistas mais proeminentes em fintech do Brasil e cofundador da Spiralem, foi nomeado Líder da América do Sul pela (FDATA) Financial Data and Technology Association. Autor do recém-lançado livro “O Fenômeno Fintech”, da Alta Books, Bruno começa a exercer imediatamente a função, alocado […]
FDATA anuncia Bruno Diniz como líder na América do Sul
São Paulo, 3 de fevereiro de 2020 – Bruno Diniz, um dos especialistas mais proeminentes em fintech do Brasil e cofundador da Spiralem, foi nomeado Líder da América do Sul pela (FDATA) Financial Data and Technology Association. Autor do recém-lançado livro “O Fenômeno Fintech”, da Alta Books, Bruno começa a exercer imediatamente a função, alocado […]
LEADING INDUSTRY EXPERT TO HEAD UP FINTECH TRADE ASSOCIATION’S SOUTH AMERICA CHAPTER
Bruno Diniz, one of the most prominent experts in fintech in Brazil and co-founder of Spiralem, has been appointed as South America Chapter Leader with the Financial Data and Technology Association (FDATA). Bruno will begin the role with immediate effect, from the newly launched chapter’s headquarters in Sao Paulo, Brazil. FDATA is now operating in […]
FDATA South America – Respostas à Consulta Pública 73_2019 (Open Banking)
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Comments to the Public Consultation Document nº 73/2019 – Open Financial System Implementation Proposal (Open Banking)
Download Document Here
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