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Brazil

2024

Financial literacy around the world by Sicoob (Brazil)

The Global Financial Literacy Survey reveals that only 33% of adults worldwide are financially literate, with varying levels of financial literacy across countries. Men tend to be more financially literate than women, and wealthier individuals are more financially literate than poorer individuals. These gaps exist in both advanced and emerging economies. The survey emphasizes the importance of interventions, such as financial education programs, to improve financial behavior and well-being.

See below for abstract, summary, keypoints and glossary.

Guest speaker: Louize Pereira Oliveira: Supervisor at Sicoob Insititute, Brazil, Researcher at University of São Paulo, Brazil

2023

Guest speaker: Henriqueta Chaves: Manager of Human Resources

(Re)structuring of People Management Strategies: The Challenges and Achievements of the HR Team by Sicoob (Brazil)

Since 2020, the entities that make up the third level of the Sicoob structure have carried out a movement to unify practices and policies.

The HR area played a fundamental role in this process, establishing programs, actions and artifacts that promote unity for people management.

Third Level of the Sicoob Structure means Sicoob Cooperative Centre, which includes:

  • A confederation;
  • A cooperative bank;
  • An institute focused on strategic social investment;
  • A distributor of securities;
  • A processor and flag of cards;
  • A pre-purchase financing pool administrator;
  • A complimentary private pension plan entity;
  • A life insurance and social security company.
Guest speaker: Mrs. Marie-Véronique Bryon: Senior Project Manager, Finances & Pédagogie, BPCE Group, France, & Mrs. Louize Oliveira: Financial Citizenship Supervisor, Sicoob Insititute, Brazil

Financial Education : Comparing Cases in Brazil and France

According to OECD, “Financial literacy can contribute to global economic growth and sustainable development by improving financial inclusion and well-being”.

In France, Finances & Pédagogie has the main objective to provide training programmes on financial literacy. With an experience of more than 70 years, it plays a major action in France delivering workshops on a large range of topics such as household budgeting, banking relations, consumer credit, savings, and others to all kinds of people from students to the retired, from workers to entrepreneurs, from social workers to teachers.

In Brazil, Financial Education is a topic of Public Politics. Financial Education is a transversal discipline of Brazilian regular schools, specifically for children from 6 to 14 years old. Therefore, Sicoob has launched a program called “Financinhas nas Escolas” to support teachers to introduce Financial Education at regular schools, including a Children’s Book Collection published by Sicoob Institute in Portuguese, Pomeranian, English, and Spanish.

Guest speaker: Carlos Eduardo Primão: IT Development Manager

SICOOB Moob : Communication Optimization (Brazil)

Moob is the SICOOB application that facilitates and encourages contact between the member and his cooperative.

With it, it is possible to access the main data of the institution, receive and manage invitations to events, negotiate published goods and much more.

SICOOB Moob has different features like:

My Cooperative, complying with the principles of transparency towards the member, allowing quick access to updated information about the institution, large numbers and total assets.

Business Community, enabling the announcement and negotiation of goods, products and others.
Event Management of events from your cooperative through the mobile application.

News Feed, following the news on the most diverse subjects: technology, culture, economy, new services, lines of credit, agriculture and much more.

2022

Guest speakers: Louize Pereira Oliveira: Financial Citizenship Supervisor Sicoob Insititute & Marcelo J. Angulo, : Head of Division, Department for Financial Citizenship Promotion Central Bank of Brazil

SICOOB's Financial Capacity Agenda and Brazil Central Bank's on promoting Financial Education (Brazil)

How both organizations’ approach to engaging Financial Service Providers.

BCB launched a strategic agenda on financial education for financial service providers to integrate financial education into their day-to-day operations and interactions with consumers.

According to the report published by Money and Pensions Service, “Financial capability is the ability to manage money well – both day-to-day and through significant life events. Capability comprises more than just skills knowledge. It also encompasses behaviors, attitudes, motivations, and the degree of connection to the financial system”. 

In Brazil, more than 50% of families are in indebtedness situations, according to the data published by Central Bank in November 2021.

In addition, the Central Bank published a special recommendation – to all financial institution – with principles to promote the financial capacity.

In consonance with all of this, Sicoob approved the Financial Capacity Agenda that has been developed in collaboration by a group of high-level professionals from several areas at Sicoob. 

Guest speaker: Ricardo Eyer Harris: Head of Deputy Governor’s Office, Central Bank of Brazil

The Sustainability Agenda of the Central Bank of Brazil

In September 2020, the Central Bank of Brazil included a new sustainability pillar in its institutional agenda, the BC# Agenda, signaling the importance of this topic in the scope of its legal mandate to seek price and financial stability. 

At the end of last year, new regulations were published, improving the prudential framework for the management of social, environmental and climate risks by financial institutions and creating new requirements for transparency on the opportunities and risks related to the topic.

Another important initiative was the development of a sustainable rural credit bureau, an initiative that will reduce the asymmetry of information in this segment, allowing the offer of more favorable and diversified conditions of access to credit by rural producers.

2021

Guest speaker: Luiz Edson Feltrim: Director, SICOOB Institute, Brazil

SICOOB Institute's Strategic Social Investment (Brazil)

The Sicoob Institute for Sustainable Development is the Strategic Social Investment Organization of the Brazilian Credit Cooperative System (Sicoob) and mobilizes a large force that involves the participation of employees and leaders of SICOOB cooperatives and the central bank, to act as transforming agents with the communities, sharing the values and principles of cooperativism, promoting entrepreneurship, financial citizenship and local sustainable development, connecting people to a more collaborative world.

Guest speaker: Dr. Jonathan Fell: Data Scientist, DZ BANK AG, Germany

Data Analytics Journey - Explainable AI (Brazil)

While the penetration of the internet and mobile devices has increased significantly in the last decade, the use of sophisticated mobile applications is still highly concentrated in banking. 

Trust is essential if we want end users such as data analysts, traders or credit analysts to employ the predictions of AI/ML-models and in order to create trust in these models, their results need to be explained to a certain degree. 

In this talk, we present some techniques to explain whitebox models or “opaque” models and approximations that allow for the explanation of blackbox models.

2020

2019

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