Account Balance and Statement for businesses with Open Finance data Qorus Banking Innovation Awards 2023

Companies in Brazil generally have accounts with several banks that provide products and services for their businesses. As a result, financial management becomes more complex, especially for small companies, which have a small financial team. To monitor transactions carried out at each bank, the company needed to access each one's application or web service and, often, transport the information to a third solution to enable cash management. With Open Finance, companies can allow Banco do Brasil to consult their transactions in current accounts at other financial institutions. This solution allows access to balances and statements of transactions in accounts from other financial institutions that have been shared by the customer, consent and adherence to Open Finance. With this, customers who have accounts at different institutions can quickly and simply access their balances and statements directly through the BB App. Furthermore, BB customers who have more than one company account can navigate between them and carry out their queries without the need for new contextualization or multiple logins. This helps with financial education, especially for small businesses and entrepreneurs, at no additional cost.