Brazil’s competition authority is investigating whether Bradesco, one of the country’s largest banks, broke competition rules by restricting a financial management app from accessing its customers’ data.
The watchdog said Bradesco may be impeding its clients from connecting Guiabolso’s app to their checking accounts.
Bradesco denied in a statement any wrongdoing and said the issue with Guiabolso involved client data security and bank secrecy rules. Guiabolso declined to comment on the matter.
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