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
- Open Banking Implementation Entity praises current market of 1m Open Banking customers
- The Global Revolution of Open Banking – A Look at Mexico
- Open Banking platform raises over €90 million investment in latest funding round
- Preventing fraud in an open world