With the passing of the Law to Regulate Financial Technology Institutions (known as the FinTech Law) on 1 March 2018,1 Mexico became the first country to regulate its FinTech sector. This law lays the groundwork for an open banking standard (OBS) by requiring financial institutions to establish open application programming interfaces (APIs) with the aim of making financial data open, while respecting privacy and commercial confidentiality.
Download this report in order to view the Open Banking landscape in Mexico along with its Open Banking eco system. The report also details the opportunities in this region and what the future holds.
- Moneybox app announces Open Banking merger with Santander
- Tink acquires OpenWrks’ aggregation platform and enters strategic partnership
- Tesco Bank introduces new payment technology for 2.6 million credit card customers
- Adyen launches new payment method powered by Open Banking
- UK Banks look to cut costs and get ahead in digital race