Topic starter
24/06/2026 11:57 pm
TL;DR: Brazil’s credit portability pilot is showing how consent-based APIs, accredited participants, and regulated settlement can move loan transfers from weeks to as little as five days, with Open Finance Brasil already processing more than 102 billion API calls and nearly 62 million active consents in 2024 according to Raidiam. The governance lesson is that portability at scale depends on identity assurance, not just cleaner workflows.
Editorial analysis by NHI Mgmt Group, based on content published by Raidiam: “Credit Portability in Brazil: Unlocking Market Competitiveness With Open Finance”.
By the numbers:
- Open Finance Brasil processed more than 102 billion API calls in 2024.
Key questions
Q: How should banks govern credit portability across multiple participants?
A: Banks should govern credit portability as a cross-organisation identity and consent workflow, not a simple API integration.
Q: Why does open finance credit portability increase governance risk?
A: It increases governance risk because the same customer action can be executed by multiple accredited parties across shared APIs and regulated settlement.
Q: What breaks when consent is not linked to settlement controls?
A: The portability process breaks when consent is treated as a front-end approval but settlement is handled as a separate operational step.
Practitioner guidance
- Govern participant accreditation as a lifecycle control Tie onboarding, certification, and periodic revalidation to every institution that can initiate or process portability events, so ecosystem trust does not persist by default.
- Track consent scope across the full portability path Map each consent record to the exact data set, participant, and settlement stage it authorises, then verify that downstream use never exceeds that scope.
- Require traceability from request to settlement Maintain evidence that links the portability request, participant identity, consent decision, and final Reserve Transfer System settlement outcome.
Bottom line: Credit portability in open finance depends on governed identity and consent, not only on digital workflow speed.
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25/06/2026 8:45 am
Credit portability turns identity governance into market infrastructure: when a borrower can move financial relationships across institutions, the real control plane is participant identity, consent scope, and settlement accountability. The article shows that open finance succeeds only when those controls are trusted across organisational boundaries. Practitioners should read portability as an identity programme, not just a product workflow.
A question worth separating out:
Q: What should teams do when an open finance participant loses accreditation?
A: Teams should revoke that participant’s ability to initiate or continue portability actions and confirm that no in-flight request can reach settlement on stale trust. Accreditation has to be treated as a live condition, not as a permanent onboarding event.
👉 Read our full editorial: Brazil’s credit portability pilot raises the bar for identity governance