Following the lead of open banking initiatives in Europe and the UK, five countries in Latin America – Brazil, Chile, Colombia, Ecuador and Mexico – have backed open finance regulations or are implementing them.
“There are a number of success stories in other parts of the world, specifically Latin America, where open finance is really having a massive impact on the financial sector and on financial inclusion,” says Pablo Viguera, co-CEO and co-founder of open finance platform Belvo.
