Ivo Jose Bracht

》While CBDCs offer benefits such as better control over financial systems, increased efficiency, and improved anti-money laundering measures, they also introduce significant concerns regarding privacy and potential government overreach, with the balance between security and privacy likely being a key issue in the future development and implementation of CBDCs. Central Bank Digital Currencies (CBDCs) are digital versions of a country's official currency, issued and controlled by its central bank; unlike bitcoins and other cryptocurrencies, which are decentralized and operate on blockchain technology, CBDCs are centralized and directly regulated by governments. They aim to provide the public with a digital form of money that mirrors traditional fiat currency, such as the US dollar or Euro, but in a digital format that can be used for transactions, savings, and investments. CBDCs could have a significant impact on efforts to combat money laundering because every transaction made with a CBDC can be monitored in real-time by central authorities, making it easier to track the origin and destination of funds. This level of visibility helps prevent illicit activities like money laundering, as financial institutions would be required to follow strict "Know Your Customer" (KYC) regulations and report suspicious transactions, potentially reducing the anonymity that criminals often exploit in traditional and digital banking systems. On the other hand, CBDCs raise concerns about privacy since they are issued and tracked by central banks, meaning governments could monitor and record every transaction, which could lead to increased surveillance of individuals' financial activities and be seen as an infringement on privacy. Unlike cash, which offers a degree of anonymity, CBDCs could expose people's spending habits, savings, and even social connections, depending on how data is managed and shared by the authorities. In some cases, governments could impose restrictions on certain transactions or activities deemed undesirable, potentially infringing on civil liberties. (🌎⚙️🌍⚙️🌏)

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PIS and COFINS are complex Brazilian taxes that often confuse businesses. PIS is a Social Integration Program tax, funding social security. COFINS is a Contribution for Financing Social Security. Both are crucial for understanding as it is a monthly commitment to the government. thia is the financial obligations in Brazil. #BrazilTaxes #PIS #COFINS #TaxCompliance

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Open finance has transformed the financial landscape worldwide, revolutionizing how financial institutions and fintechs engage with customers and how consumers manage their finances. Sicredi, a Brazilian cooperative financial institution, was an early adaptor to integrate open finance. The organization partnered with Sensedia to leverage our open innovation expertise. The partnership accelerated implementation and afforded Sicredi massive gains. Read their success story here: https://lnkd.in/d-p3ix2u #SensediaUSA #OpenFinance

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🌾 Securing the Future of Agribusiness – Key Takeaways from SegSummit 2024! Agribusiness in Brazil is facing evolving security challenges, from theft of high-value goods to security risks in remote areas. Leaders at SegSummit emphasized the importance of technology and proactive risk management to combat organized crime and protect the supply chain. 💬 Quote: “As agribusiness borders move north into remote areas, organized crime involvement increases along with the rise in commodity values. Cargo theft is a direct consequence.” – Massamitsu Alberto Iko, CFE, CCEP-I, LPEC, Bunge Discover more insights from the agribusiness and other sectors in our full blog. 👉 https://lnkd.in/g4S49xVk #AgribusinessSecurity #SupplyChainProtection #SegSummit2024 #AKTEK #Security #SecurityTechnology #SecuritySolutions #SecurityInnovation

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This article discusses a simple solution to a complex problem in which countless organizations fail due to lack of method or lack of knowledge of effective techniques. This challenge faced at a global level is enterprise risk management (#ERM). Corporate risk management, applied methodically, can provide solutions to global challenges such as public safety, internal affairs activities, auditing (internal and external), cybersecurity, economy, education, public health. A suitable read for people who seek continuous improvement in their organizations, especially those who deal with operational losses. https://lnkd.in/dPimW6uk

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At the beginning of July, the Amazon Community Funds Network - Fundo Babaçu, Fundo Podáali, Fundo Dema, Fundo Mizizi Dudu, Fundo “Luzia Dorothy do Espírito Santo”, Fundo Puxirum, Fundo Indigena Timbira, Fundo Indigena do Rio Negro (FOIRN), Indigenous and community-led organizations from Brazil, Colombia and Ecuador, gathered in Esperantina, Piaui, Brazil 🇧🇷 to participate in an international learning exchange funded by Tenure Facility. Throughout the 3-day event, participants discussed the relevant connections between social movements and community funds as well as the importance that these funds bring to ensuring grassroots Indigenous, Afro-descendant and local communities’ rights. Participants shared valuable lessons and identified potential collaboration strategies to strengthen community funds in the #Amazon region. Our regional coordinator for Latin America, Karin Ericsson, shares her reflections: ⤵ 🗣 "For Tenure Facillity's regional coordinator for Latin America, Karin Ericsson, the exchange was a great opportunity to gain a better understanding of the dynamics of the funds of each of the organisations present, as well as the dynamics of coordination between these organisations that are part of a network. “We are a partner and funder of the indigenous, quilombola and traditional peoples' movements in Brazil, and there is also a lot of support for territorial community funds. Our aim is to be able to channel the funds in order to offer them to the peoples. This mechanism of territorial community funds is something that interests everyone. Everyone wants to know how this is being created, because there is a concrete proposal here, which meets the demands of the peoples. So we have a responsibility to adjust processes as a donor in order to be a better and better quality partner,” 🔗 https://lnkd.in/ekrVdPF5

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The recent proposal by federal deputy Reginaldo Veras to grant honorary Brazilian citizenship (#CidadãoHonorário) to Bruno Mars highlights the importance of recognizing those who positively represent a nation's values on the global stage. Bruno Mars has been embraced by Brazilian fans and the artistic community as a Brazilian citizen due to his behavior and actions, such as his recent benefit concert for flood victims in Rio Grande do Sul. In the business sector, fostering connections and upholding our values globally is crucial. Gestures like this remind us that influence transcends borders and that both artists and institutions can act as cultural ambassadors, uniting people and creating lasting impacts. Let's honor those who, like Bruno Mars, embody the spirit of unity and positively reflect our identity to the world. Every partnership and connection should strive to create positive and lasting change. CNN Brasil

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Sharing our newly released paper titled "The Instrumentalization of Responsive Regulation and Its Relative Efficiency: Experiences of the Brazilian National Telecommunications Agency." This is an updated and translated version of our previous research on responsive regulation, now featuring the esteemed co-authorship of Marcio Iorio Aranha, Artur Coimbra, and Ronaldo Neves de Moura. There are several key findings in this paper. The one I would like to highlight is the predictive capacity of Data Envelopment Analysis (DEA) to anticipate the diminishing effectiveness of regulatory instruments designed to curb the misuse of telemarketing activities. The full paper is available at: https://lnkd.in/dvnK8ErM https://lnkd.in/dvnK8ErM

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Yes!!! Blockchains will be used to digitize money.... And #Brazil starts already next year with a CBDC, a new digital currency.... #tokenization #web3 #crypto #cbdc

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Driving Financial Innovation with DREX! The Central Bank of Brazil and consortia of financial institutions, fintechs, and tech companies are transforming the national market with DREX, Brazil’s digital currency. Through collaboration, they’re developing secure, agile, and inclusive solutions for the future of finance. Projects like the Receivables Assignment, which uses blockchain to turn card receivables into digital tokens, are just the beginning of a more flexible, inclusive financial ecosystem! https://lnkd.in/dsazQQcE #FinancialInnovation #DREX #DigitalCurrency #Blockchain #FutureOfFinance

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📊 🇧🇷 #Pix is revolutionizing online payments in Brazil, now surpassing credit cards as the preferred method for e-commerce transactions! 🚀 According to a recent study by Cielo and Expertise/Opinion Box, 67% of online shoppers use Pix, while 57% use credit cards. 💳 This trend highlights the growing appeal of instant payments, with many e-commerce platforms offering discounts 💸 to encourage Pix usage. Interestingly, Pix and credit cards are tied for in-store purchases, each used by 57% of shoppers. Key insights from the research: - Almost 30% of retailers use card machines to accept Pix payments. 🏪 - 81% of retailers conduct transactions via WhatsApp. 📱 - 65% use social networks for sales, even if they have physical stores. 🌐 - 96% still rely on card machines, but 56% use payment links. 🔗 While Pix dominates the number of transactions, credit cards still lead for purchases above R$ 100 (around U$20). 💵 This suggests Pix is favored for convenience, while credit cards are trusted for higher-value purchases. These findings reflect the rapid adoption of flexible payment methods in Brazil’s retail sector, with Pix leading in transaction volume. 📈 #Ecommerce #Payments #Pix #CreditCards #RetailTrends #Cielo #OnlineShopping #CBHub #IgorPipolo #CrossBorder #Ecommerce #CrossBorderLogistics Igor Pipolo Raffaella Calfat Finsiders

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Last week, I attended the #OsloAntiCorruptionConference2024. From rich cultural and contextual insights shared by Juliana Breno, OAB, CCEP-I and a captivating closing presentation by Richard Bistrong, there was so much to learn from the 2 days event. Some key takeaways for me: 1. Compliance is often about navigating grey areas and is hardly black and white 2. When it comes to managing anti-corruption risks, understanding contextual and cultural landscape is key. 3. In evaluating effectiveness of compliance programs, "tone at the middle" is as important as “tone at the top”. Think about how culture is transmitted and galvanised within the organisation. 4. Achieving effective compliance program requires building trust through engagement and using the right language. Reframe the narrative in a way that reflects a balanced mindset between risk and innovation. 5. Incentives have side effects. Always consider the compliance implication of your reward system. 6. Celebrate failure. Yes, you read it right. Employees should feel confident that the company has their backing to walk away from a commercial opportunity in the face or imminent corruption risks. 7. Early intervention when people take on high risk roles is important. Aside initial training, check in periodically with people on the front line especially in the early stages to know how they are doing and what challenges they may be facing from an ethical standpoint. Thanks to the following book recommendations by Juliana Breno, OAB, CCEP-I and Richard Bistrong , my reading list has just grown longer😊 Humanising Rules Behavioural Code The Fearless Organisation Speak Up The Grey Zone Blind Spot To the amazing panelists and organisers Helge Kvamme, Silje Slotterøy Dahlheim and all who made this event happen, thanks for providing a platform for this #KnowlegeExchange

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🌟 Milestone Achievement in CAF! 🌟 I am excited to share that CAF -banco de desarrollo de América Latina y el Caribe-, in collaboration with Japan International Cooperation Agency (JICA), have successfully syndicated a USD 297 MM loan to Sicredi, aimed at supporting women-led businesses and rural producers. Key Highlights: Historic Achievement: This marks the largest international funding raised by Sicredi, with contributions from Sumitomo Mitsui Banking Corporation (SMBC), BNP Paribas, Eco.business Fund, and Banco Finantia. Social Impact: The funds will support micro, small, and medium enterprises (MPMEs) led by women and extend credit to regions with Human Development Index (HDI) below the national average. Agricultural Support: A portion of the loan will benefit over 700,000 associated farmers, nearly 90% of whom are family farmers. This transaction represents CAF's first A/B social loan for a Brazilian cooperative financial institution and signifies its inaugural collaboration with Japan International Cooperation Agency (JICA), enhancing connections with Asia. This remarkable milestone for CAF would not have been possible without the invaluable contributions of key partners such as: Sumitomo Mitsui Banking Corporation – SMBC Group, BNP Paribas, Finance in Motion, Banco Finantia. Their investment of time, expertise, and specific knowledge was crucial in consolidating this unprecedent deal for CAF. #SyndicatedLoan #WomenInBusiness #RuralDevelopment #SustainableFinance #CAF #JICA #Sicredi #ESG #FinancialInclusion #LatinAmerica #SocialImpact 🔗 Read the full article to learn more about this landmark transaction!

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🌍 Revolutionizing Fiscal Transparency with Artificial Intelligence 🤖 Brazil's National Treasury (STN) is setting an inspiring example by leveraging Artificial Intelligence (AI) to transform public financial management. By using AI to classify subnational government expenditures according to the international COFOG (Classification of Government Functions) standard, Brazil has achieved groundbreaking improvements in efficiency and transparency. 📊 Key Highlights: Efficiency Boost: Classification time reduced from 1,000 hours to just 8 hours an astonishing 12,400% improvement! -Accuracy: AI's classification accuracy exceeds 97%, ensuring reliable and timely fiscal data. -Impact: The innovative use of machine learning models like Convolutional and Recurrent Neural Networks has not only modernized the classification of expenditures but also inspired global best practices. 👉 Read more about this transformative initiative here: https://lnkd.in/dt6nSgQ5 🚀 What’s Next? To learn how to benefit for AI tools and tackle the complexities of your day to day activity, stay tuned to participate in our upcoming training on "How to use AI". #ArtificialIntelligence #FiscalTransparency #Innovation #PublicFinance #AIforGood

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The Brasilian bank of development is going to finance future connections of Brasil to its neigbors - have a look to the enclosed article and map

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Pix is changing the financial services industry in Brazil. Our new article explores how card companies can compete with Pix, keeping its value and relevance.

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