Published on Wednesday, September 13, 2023 | Updated on Thursday, September 14, 2023

Open Finance: regulation, innovation and competition

The CNBV has made public its plans to issue the pending rules on Open Banking before year end, crucially those relating to "transactional data" which constitute the core of the Open Finance framework.

Key points

  • Key points:
  • This framework must privilege personal data protection and competition between financial firms and with "information technology specialized third parties".
  • If properly implemented, these rules have the potential to improve and broaden the supply of financial products, fostering innovation, competition and efficiency, to the benefit of consumers.
  • The Open Finance model may also give a push to financial inclusion, bridging remaining scale and geographical barriers.

Documents to download


New comment

Be the first to add a comment.

Load more

You may also be interested in