Brazil’s central bank launches fintech laboratory

Machine learning

The Central Bank of Brazil has launched a new platform that will make it easier for emerging fintech companies to test their products before launching to the general public.

Structured around a sandbox model, the Laboratório de Inovações Financeiras e Tecnológicas (Lift) will establish a “virtual” environment where applicants can test their products in relaxed regulatory conditions.

“Lift is an opportunity for proposing solutions that translate into expanding financial inclusion in the country

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