Qorus Banking Innovation Awards 2023

Payment initiation for investments

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20/09/2023 Banking Innovation

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The solution allows investment in Banco do Brasil investment funds by debiting the amount from accounts maintained at other financial institutions. This way, our customers do not need to previously transfer money that was in another bank, before making the investment: everything is done quickly and easily through the BB mobile app.

Innovation presentation

Previously, for bank customers to invest on a fund, they needed to have a balance available in accounts or savings at the institution itself to invest the money.

If not, he needed to access his other bank where the resource was available and make a money transfer in advance to then access the bank's channel where he would invest.

With this solution, Banco do Brasil allows the customer to choose the source of funds to invest, which can be Banco do Brasil itself or any other financial institution in Brazil. Payment is made possible by the Payment Transaction Initiator, a feature of the Brazilian Open Finance ecosystem.

Now, BB customers do not need to carry out multiple transactions in different applications. They can do everything in a fluid, simple and intuitive journey on our mobile App.

Uniqueness of the project

The innovative solution is the first in the country. It transforms the customer experience when investing, facilitates the journey of customers who have money in several financial institutions, and allows global money management on a single platform: the Banco do Brasil mobile app .

This solution was launched in November 2022, almost a year before the inclusion of investment data in Brazilian Open Finance (starting on September 29, 2023). With this, Banco do Brasil took the lead once again, reimagining the customer experience by reconciling investment products, payment initiation and Open Finance in a single solution.

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