Chile

Across the Americas, open banking and open finance initiatives are advancing at different speeds but share common goals: improving competition, financial inclusion, and user control over data through secure, consent-based data sharing. Countries like Chile and Argentina are refining their regulatory frameworks and timelines to ensure smoother implementation, often delaying launch dates and introducing phased rollouts, pilots, and broader data standards. Peru is at an earlier stage, focused on designing a roadmap and institutional capacity before implementation, while emphasizing governance and technical readiness. Canada is moving ahead with open banking but faces calls to expand toward a full open finance model beyond banking data. In the United States, progress is shaped by regulatory and funding uncertainty, prompting interim rules to preserve momentum. Overall, the region reflects a shift from concept to execution, with regulators balancing ambition, market readiness, and consumer protection as they build open finance ecosystems.