Open Finance

Recently open banking and open finance are landing in many countries, to empower the real owner of the financial data, the customers, by giving them the option to grant or reject, each payment for each interaction and also the opportunity to share data with other financial companies. To begin the process, countries have to provide the regulatory frame for the adoption.

Latin America and the Caribbean is undergoing a significant transformation in the financial landscape, driven by the adoption of open finance, artificial intelligence (AI), and open banking. The adoption of these technologies are reshaping the operations of businesses, financial institutions and fintechs, modernizing internal infrastructures, and providing data-driven personalized offerings at reduced costs.

In the heart of South America, Peru is witnessing a financial revolution that promises to reshape its economic landscape. Spearheaded by digital finance innovations and the burgeoning concept of open banking, this transformation is not just about technology—it's about breaking barriers and creating a more inclusive, transparent, and efficient financial ecosystem.

FinteChile, a consortium representing over 140 financial technology companies in Chile, has launched its inaugural course titled "Open Finance Elemental," aiming to provide a comprehensive understanding of Open Finance and its potential to revolutionize the global industry. The course targets professionals seeking to lead in the financial sector, offering insights into the Open Finance ecosystem, technologies, and evolving business models through data openness and APIs.