Bruno will begin the role with immediate effect, from the newly launched chapter’s headquarters in Sao Paulo, Brazil. FDATA is now operating in Europe, North America, Asia, Australasia, South America and is commencing a plan to develop a chapter in Africa.

FDATA is a not- for-profit global association for fintech companies that use open finance in their business models. Its members provide innovative financial applications and services to empower customers to make better decisions and take fuller control of their financial lives across all their payment accounts, credit cards, loans, mortgages, investments, pensions and retail insurance. The association works with governments, regulatory authorities and the financial services industry in its mission to enshrine the rights of customers to be able to share their financial data with regulated actors of their choosing.

As well as co-founding Sprialem, Diniz is a published author, university lecturer and head of fintech on behalf of the Brazilian Startups Association.

Gavin Littlejohn, FDATA Global Chairman, said:

"Bruno Diniz is a key appointment for FDATA and we are delighted to announce his new role as chapter lead for South America. Bruno is without doubt one of the most influential people operating in the fintech sector in South America and brings a wealth of knowledge, experience and connections to the role. Bruno is exactly the right person to lead on our South America efforts at this critical time for the industry.”

“FDATA has experience of developing approaches to customer data rights, liability models, regulatory frameworks and in managing the implementation and monitoring of technical delivery, drawn from a wide variety of market situations across the globe. Our presence in South America will help ensure that the fintech market and neo-banks get the quality of delivery to enable them to safely consume financial data and use that to deliver better customer outcomes for consumers and businesses across South America.

“While other South American countries are making some progress on their open finance agenda the Central Bank of Brazil has developed an excellent framework in their recent consultation to build from and we look forward to continuing to work with the Central Bank and other actors as the membership continues to flourish, through Bruno.”

Bruno Diniz, FDATA South America Chapter Leader added:

"I’m very glad to join such a brilliant and diverse team at FDATA, being able to propagate the association's purpose of empowering customers on the use of their financial data. 2020 is a very important year for open finance in Brazil, as the Central Bank is taking the first steps towards its implementation. I believe FDATA can play an important role in bringing its global expertise and network to aid in this process. I'm excited to take the next steps in the open finance journey here in South America!"

The appointment of Diniz follows the recent news that renowned fintech champion Ghela Boskovich has taken on the role of chapter lead for FDATA in Europe.