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Olá pessoal!
Danielle Teixeira is a Program Manager for Innovation at FENASBAC. We discuss how the organization has evolved from a Central Bank employee association to become a crucial intermediary between regulators and financial innovators and builders in Brazil.
FENASBAC operates several accelerator programs, including LIFT Lab and the NEXT Accelerator, which are designed to foster innovation while maintaining productive dialogue between startups and regulators. The organization's unique position as a non-profit allows it to create a neutral ground where both established institutions and emerging companies can collaborate effectively.
The current NEXT Accelerator program features prominent sponsors including Banco do Brasil, Ripple, and Mercado Bitcoin, focusing on challenges ranging from blockchain implementation to tokenization of real-world assets.
The program stands out for its commitment to facilitating tangible business opportunities while providing mentorship without taking equity from participating startups.
Key Takeaways:
FENASBAC's programs have been instrumental in shaping Brazil's approach to financial innovation, including the development of Pix, Drex and real world asset tokenization
The NEXT Accelerator program is free for startups and allows them to retain full intellectual property rights of their proofs of concept
International startups are welcome to participate, with previous participants including companies from Belgium and other countries
Current blockchain-focused challenges include developing use cases for Ripple's XRPL and creating innovative applications RWAs using Mercado Bitcoin's platform.
The program is in the process of expanding to work with the CVM (Brazil's securities regulator) on new initiatives aimed at fostering innovation in capital markets (more details on that to come).
FENASBAC's approach has helped create what Teixeira describes as a "safe space" for dialogue between regulators and innovators, contributing to Brazil's position as a leader in financial innovation.
For fintech companies and entrepreneurs interested in entering the Brazilian market, FENASBAC's programs offer a structured pathway to engage with regulators and established financial institutions.
You can connect with Danielle on Linkedin.
Have a great day everyone!
-AWS
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