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.
- Starling Bank announces Coronavirus Support Scheme
- Experian offers its Affordability Passport to debt charities and lenders for free in response to the Coronavirus outbreak
- Fintech impact “significant” as M&A deals stall
- Moneybox app announces Open Banking merger with Santander
- How can we accelerate Open Finance adoption?