CloudWalk Leads Brazil’s Open Finance Revolution

CloudWalk, the fintech behind InfinitePay and Jim.com, has emerged as Brazil’s top Open Finance player. The company secured 19.5% of all business account data-sharing consents, marking a 97% surge since May, according to consulting firm Bip. This achievement positions CloudWalk ahead of major banks and fintech rivals.

Brazil’s Central Bank launched Open Finance in 2020, creating one of the most ambitious financial data-sharing programs worldwide. Unlike Open Banking models in the U.S. and U.K., Brazil’s system covers banking, investments, insurance, and foreign exchange. Large institutions must participate, while customer-approved data flows through standardized APIs. By June 2025, Open Finance had logged 91 million active authorizations.

Fabrício Costa, Financial Services Director at CloudWalk, emphasized its significance: “Open Finance represents a structural transformation in Brazil’s financial sector. Customers now control their data, enabling us to design faster, fairer solutions while competing with traditional banks.”

InfinitePay Powers AI-Driven Financial Access

CloudWalk’s success stems from InfinitePay, its financial services platform serving over 5 million small and micro entrepreneurs. InfinitePay leverages AI to improve credit availability and lower transaction costs. Costa explained, “Our Open Finance strategy rests on two principles: delivering clear customer benefits and ensuring data security. These foundations fueled our growth and relevance within the Open Finance ecosystem.”

One standout innovation is Smart Credit, launched two years ago. It uses AI to analyze 8,000+ data points, including real-time sales and social sentiment, combined with Open Finance data to generate custom credit scores. This system approves working capital in seconds, offering instant deposits and flexible repayment. Over the past year, InfinitePay has more than doubled its credit disbursements.

InfinitePay also introduced automatic fee reduction powered by AI and Open Finance. Transaction fees dynamically adjust by revenue, seasonality, sector, region, and history with other institutions. Since launch, this feature has saved clients USD 41 million (R$222 million), with projected savings of USD 73 million (R$396 million) by next year.

Costa concluded, “Leading Brazil’s Open Finance rankings reflects customer trust and our ability to turn AI technology into measurable business outcomes.”

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News Source: Businesswire.com