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With the advancement of startups that are solving problems for Brazilians in the financial sector, it is natural for large banks to have an interest in getting closer and, if possible, integrating the solutions into their portfolios. This year, Santander, in partnership with Endeavor, launched an acceleration program called Radar. Caixa Econômica Federal has the Social Impact Business Challenge with the NGO Artemisia underway.

However, the banks that stand out most from the crowd, in alignment with the entrepreneurial ecosystem, are Itaú, Bradesco and Banco do Brasil. Below is the review of the initiatives of these banks.

Banco do Brasil (BB)

Currently, Banco do Brasil has the most virtual account holders in the country, with more than 1 million digital accounts.

In November 2016, the bank announced the Banco do Brasil Advanced Laboratory (Labb) in Silicon Valley, within Plug and Play. The site is used for both incubating internal innovation projects and identifying investment opportunities in startups that develop interesting solutions for the company.

BB announced that this year that it will have 16 accelerated projects. However, only four of them are in Silicon Valley. An accelerated initiative in Brazil is the financial education application Trato. Developers and FinTechs are currently helping customers to test the two bank programs.

The bank is the first in Latin America to launch a structured open banking operation through the BB for Developers. The portal concentrates the tests of APIs offered by Banco do Brasil to developers.

According to Marco Mastroeni, the director of digital business, the bank data belongs to everyone, and that’s why the developer’s portal has been launched. Of 1, 000 subscribers, 10 startups were selected and will do the first tests of APIs, according to Mastroeni.

The second experiment carried out by the bank is Pagar ou Receber. The purpose of the solution is to facilitate the transfer between two or more accounts, between Banco do Brasil clients.

When accessing the bank application, the clients can generate a QR Code with the data of their account and the value. Another option for users is to send the information by WhatsApp or SMS. Whoever scans the code will have access to the data to make the transfer. For the bank, there is a gain in efficiency since the code can reduce the number of transactions not performed by errors in filling the register.


Bradesco also has a digital account known as Next. It was launched as an independent bank platform with more modern communication to dispute the millennial public with other digital...

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