Brazil Fintech Insurance Law Changes

With over 1,400 companies, Brazil is the largest fintech market in Latin America and the fifth largest globally.  While the broader Brazilian financial sector is highly regulated, fintech-specific regulations are still evolving. Several regulatory updates in recent years suggest that oversight will continue to increase as the sector matures.

For instance, on August 29, 2025, Brazil’s Federal Revenue Service issued Normative Instruction No. 2,278/2025, requiring both domestic and foreign fintechs to report customer financial data through the e-Financeira system. The instruction also mandates compliance with Brazil’s General Data Protection Law (LGPD) and anti–money laundering (AML) frameworks through secure data handling, internal controls, and transaction monitoring systems.

Business Opportunities for U.S. Companies
U.S. firms may find growing demand for technology solutions for financial institutions, particularly in areas such as:
•    Know Your Customer (KYC) and Anti–Money Laundering (AML) platforms
•    Artificial Intelligence (AI) tools for financial services
•    Blockchain-as-a-Service (BaaS)
•    Data analytics and decision-making tools

Additional areas of opportunity include:
•    Open Finance / Open Banking
•    Payments and Remittances
•    Enterprise Financial Management
•    Personal Financial Management (PFM)
•    Crowdfunding and WealthTech
•    Virtual Currencies 
•    Alternative Credit Scoring
•    Trading Platforms and Capital Markets
•    Digital Banks (Neobanks)
•    Cybersecurity Solutions for Financial services
•    Business partnerships with Brazilian banks and fintechs

For more information on opportunities for U.S. companies, please contact Patrick Levy patrick.levy@trade.gov, Financial Services Commercial Specialist, U.S. Commercial Service, Rio de Janeiro.