SÃO PAULO--(BUSINESS WIRE)--Aug 25, 2025--
CloudWalk, one of the fastest-growing global financial technology companies behind InfinitePay and Jim.com, has taken the lead in Brazil’s Open Finance rankings. According to the latest quarterly report by consulting firm Bip, CloudWalk — through its InfinitePay platform — now holds 19.5% of all business account data-sharing consents, a 97% increase since May. This puts the company ahead of major banks and fintechs with larger corporate customer bases.
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Launched in 2020 by the Brazilian Central Bank, Brazil’s Open Finance has become one of the world’s most ambitious data-sharing initiatives. Broader than Open Banking in the U.S. and U.K., it spans banking, investments, insurance, and foreign exchange. Participation is mandatory for large institutions, and customer-consented data is exchanged through national API standards. As of June 2025, the system counted 91 million active authorizations.
“Open Finance represents a structural shift in Brazil’s financial market. It gives customers back control of their own data, enabling us to offer solutions more aligned with each business’s reality — with greater speed and better terms — while leveling the playing field with traditional institutions,” says Fabrício Costa, CloudWalk’s Financial Services Director.
InfinitePay: AI at the Core of Financial Access
CloudWalk’s leadership is driven by InfinitePay, its financial services platform with more than 5 million active clients among Brazil’s small and micro entrepreneurs. InfinitePay has strategically leveraged artificial intelligence to expand access to credit and reduce transaction fees for its customers.
“By talking to our customers, we learned that two factors were essential for gaining their Open Finance data: offering clear benefits and proving we could keep their information safe and private. We built our strategy around these principles — and the results are clear in our numbers and our relevance within Brazil’s Open Finance ecosystem, ” Costa adds.
One flagship innovation is Smart Credit, launched two years ago. Powered by an AI engine, it processes over 8,000 data points — from real-time sales volumes to social media sentiment — combined with Open Finance data to generate a unique credit score for each merchant. This enables working capital offers to be approved in seconds, 24/7, with instant deposits and flexible repayment terms. In the past 12 months alone, InfinitePay has more than doubled the amount of credit granted.
Another breakthrough is automatic fee reduction. Using AI and Open Finance data, InfinitePay dynamically adjusts transaction fees based on revenue, seasonality, business segment, region, and a client’s history with other institutions. Since its launch, this feature has saved clients USD 41 million (R$ 222 million), with expected savings of USD 73 million (R$ 396 million) by next year.
For Costa, topping the Open Finance rankings reflects both customer trust and CloudWalk’s ability to turn technology into everyday business impact: “Open Finance is a pillar of our strategy to expand access to high-quality financial services in Brazil. Our leadership confirms that we are delivering real value — combining AI, customer focus, and technology to build sustainable growth and competitive advantage.”
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Iran's top judge hinted at fast trials and executions for those who were detained in nationwide protests against the country's theocracy, even as activists said Wednesday that the death toll rose to levels unseen in decades with at least 2,572 people killed so far.
Iran’s judiciary chief Gholamhossein Mohseni-Ejei made the comments about trials and executions in a video Tuesday, despite a warning from U.S. President Donald Trump that he would “take very strong action” if executions take place.
The U.S.-based Human Rights Activists News Agency said the number of dead climbed to at least 2,571 early Wednesday. The figure dwarfs the death toll from any other round of protest or unrest in Iran in decades and recalls the chaos surrounding the country’s 1979 Islamic Revolution.
After Trump was informed on the number of deaths, he warned Iran's leaders that he was terminating any negotiations and would “act accordingly.”
Details of the crackdown began emerging Tuesday as Iranians made phone calls abroad for the first time in days after authorities severed communications countrywide when the protests broke out.
Here is the latest:
Iranian state television said Wednesday’s mass funeral in Tehran would include 300 bodies of security force members and civilians. The funeral is expected to take place at Tehran University under heavy security.
The Human Rights Activists News Agency, which is tracking the death toll, said more than 2,550 people have been killed, 2,403 protesters and 147 government-affiliated.
Twelve children were killed, along with nine civilians it said were not taking part in protests. More than 18,100 people have been detained, the group said.
Gauging the demonstrations and the death toll from abroad has grown more difficult and The Associated Press has been unable to independently assess the toll given the communications being disrupted in the country.
Melanie Lidman contributed from Jerusalem.
Trump’s decision to impose a 25% tariff on countries that trade with Iran could impact India, an expert said, as New Delhi already faces existing 50% U.S. trade levies due its purchases of Russian oil.
Abhijit Mukhopadhyay, a senior economist at the Chintan Research Foundation in New Delhi, said the bigger risk is not India-Iran trade, but India’s access to the U.S. market as its exports to Iran are modest.
India mainly exports rice, tea, sugar, pharmaceuticals and electrical machinery to Iran, while importing dry fruits and chemical products. Textiles and garments, gems and jewelry and engineering goods are likely to be the most vulnerable sectors, he said.
Trump’s latest move also could affect India’s investments in Iran including the strategically important Chabahar port, which gives India a trade route to Afghanistan, Central Asia and Europe while bypassing Pakistan, Mukhopadhyay said.
Iran’s judiciary chief signals fast trials and executions for those detained in nationwide protests.
Gholamhossein Mohseni-Ejei made the comment in a video shared by Iranian state television on Wednesday.
He emphasized the need for swift action, saying delays would lessen the impact.
His remarks challenge Trump, who warned Iran about executions in an interview aired Tuesday.
Trump stated the U.S. would take strong action if Iran proceeded with executions. The situation highlights escalating tensions between the two countries over the handling of the protests.
Dozens of Pakistani students studying in Iran have returned home through a remote southwestern border crossing, a Pakistani immigration official said Wednesday.
Federal Investigation Agency spokesperson in Quetta city, Samina Raisani, said about 60 students crossed into Pakistan on Tuesday through Gabd border in Balochistan province with valid travel documents.
More students were expected to return through the same crossing later Wednesday, she said.
Mudassir Tipu, Pakistan’s ambassador to Iran, said Tuesday that Iranian universities had rescheduled exams and permitted international students to leave the country.
The satellite internet provider Starlink now offers free service in to people Iran who have access to the company's receivers, activists said Wednesday.
Mehdi Yahyanejad, a Los Angeles-based activist who helped get the units into Iran, told The Associated Press that the free service had started. Other activists also confirmed in messages online that the service was free.
Starlink has been the only way for Iranians to communicate with the outside world since authorities shut down the internet Thursday night as nationwide protests swelled and they began a bloody crackdown against demonstrators.
Starlink did not immediately acknowledge the decision.
This frame grab from videos taken between Jan. 9 and Jan. 11, 2026, and circulating on social media purportedly shows images from a morgue with dozens of bodies and mourners after crackdown on the outskirts of Iran's capital, in Kahrizak, Tehran Province. (UGC via AP)
