The National Financial System (SFN) in Brazil is formed by a normative system and an operative system. The regulatory and supervision entities are the National Monetary Council (CMN), that oversees the financial system as a whole; the Central Bank (BACEN) that carries out traditional central banking functions and implements CMN policies; the Private Insurance Regulator (SUSEP), that is responsible for the supervision of the insurance industry; the Complementary Pensions Depar

One of the most impacting challenges that smart cities will face is the disruption of the labor market due to the progressing automation and the use of robotics to replace manual work. New jobs must be created while obsolete ones disappears. And not only that, but people who lost their jobs must be trained as fast as possible so they can be reallocated to new positions. Cities that don't manage this quickly enough will be confronted with long-term unemployment, that may consu

Smart cities emerge as the result of many smart solutions across all sectors of society fueled by a combination of disruptive technologies, social innovations and changes in human behavior with the use of data and innovative technology. True smart solutions combine disruptive technological capabilities with changes in human behavior. The latter can only be achieved by simple, intuitive solutions that appeal to real human needs. They should invite people to change behavior vol

The economy is being transformed through the continuous advance of technology. This new digital economy that arises from this junction is causing big shifts in the world economy. To segment this big topic, we can cluster the subjects into five categories and we will present each one with a brief explanation: 1- Value Propositions Everything that can be digital, will be digital. A whole class of products will be digitized. Music, video, maps and currency are some examples. An

Trust has always been an essential aspect of successful relationships with financial advisors. But today the meaning of trust is dramatically changing. The fundamental shifts faced by wealth managers can be best described as two revolutions, one loud and the other quiet. The loud revolution includes the huge transfer of wealth from baby boomers to the next generation, automated advice in the form of robot and virtual advisors, online services offering algorithm-based portfoli

Digital innovation and technology are spreading quickly through the whole world in an increasing rhythm. We can see the same behavior occurring nowadays within financial services, where the latest innovation and disruptive technologies are shifting paradigms and creating potential revolutionary changes in the way we use and are served by financial services. But one closer look into the similarities between these two areas will bring to our attention one big problem: disparity

Bots are pieces of software based on AI that are usually designed to chat with humans in such a natural way that they can pass by humans. Today, they allow a reasonable amount of interactivity, even though they are not perfect yet. But they are certainty a big bet for experts and companies that have recently bring bots to their innovation discourses and articles. What they all foresee is that bots can create more interactive interfaces for features such as aid to the client,

“Access to financial services can serve as a bridge out of poverty. We have set a hugely ambitious goal – universal financial access by 2020 – and now we have evidence that we’re making major progress” - World Bank Group President Jim Yong Kim. This mentioned progress was measured comparing the last two Global Findex (2011 and 2014), the world's most comprehensive gauge of progress on financial inclusion, with funding from the Bill & Melinda Gates Foundation and in partnershi