Overview
Colombia is developing an open finance framework following the Fintech Law. It will require financial institutions to share customer data through standardized APIs upon customer consent.
Note: Framework under development. Expected to align with regional Open Finance trends.
Jurisdiction
Scope & Coverage
This regulation covers the following areas and services:
Key Requirements
Timeline
Official Resources
Related Regulations
Other Latin America regulations you might be interested in:
'/%3e%3cuse xlink:href='%23a' transform='scale(-1 1)'/%3e%3c/g%3e%3cg id='c'%3e%3cuse xlink:href='%23b' transform='rotate(72)'/%3e%3cuse xlink:href='%23b' transform='rotate(144)'/%3e%3c/g%3e%3cuse xlink:href='%23c' transform='scale(-1 1)'/%3e%3c/g%3e%3c/defs%3e%3cpath fill='%23039' d='M0 0h810v540H0z'/%3e%3cg fill='%23fc0' transform='matrix(30 0 0 30 405 270)'%3e%3cuse xlink:href='%23d' y='-6'/%3e%3cuse xlink:href='%23d' y='6'/%3e%3cg id='e'%3e%3cuse xlink:href='%23d' x='-6'/%3e%3cuse xlink:href='%23d' transform='rotate(-144 -2.344 -2.11)'/%3e%3cuse xlink:href='%23d' transform='rotate(144 -2.11 -2.344)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -4.663 -2.076)'/%3e%3cuse xlink:href='%23d' transform='rotate(72 -5.076 .534)'/%3e%3c/g%3e%3cuse xlink:href='%23e' transform='scale(-1 1)'/%3e%3c/g%3e%3c/svg%3e){kind=small}
FIDA
European Union
FIDA extends open banking principles beyond payment accounts to a wider range of financial products ...
'%3e%3cpath fill='%23012169' d='M0 0v30h60V0z'/%3e%3cpath stroke='%23fff' stroke-width='6' d='m0 0 60 30m0-30L0 30'/%3e%3cpath stroke='%23C8102E' stroke-width='4' d='m0 0 60 30m0-30L0 30' clip-path='url(%23b)'/%3e%3cpath stroke='%23fff' stroke-width='10' d='M30 0v30M0 15h60'/%3e%3cpath stroke='%23C8102E' stroke-width='6' d='M30 0v30M0 15h60'/%3e%3c/g%3e%3c/svg%3e){kind=small}
Smart Data Schemes
United Kingdom
The UK's Smart Data initiative extends open banking principles to other sectors including pensions, ...
'/%3e%3c/defs%3e%3cpath fill='%23012169' d='M0 0h10080v5040H0z'/%3e%3cpath stroke='%23fff' stroke-width='.6' d='m0 0 6 3m0-3L0 3' clip-path='url(%23b)' transform='scale(840)'/%3e%3cpath stroke='%23e4002b' stroke-width='.4' d='m0 0 6 3m0-3L0 3' clip-path='url(%23c)' transform='scale(840)'/%3e%3cpath stroke='%23fff' stroke-width='840' d='M2520 0v2520M0 1260h5040'/%3e%3cpath stroke='%23e4002b' stroke-width='504' d='M2520 0v2520M0 1260h5040'/%3e%3cg fill='%23fff'%3e%3cuse xlink:href='%23d' x='2520' y='3780'/%3e%3cuse xlink:href='%23a' x='7560' y='4200'/%3e%3cuse xlink:href='%23a' x='6300' y='2205'/%3e%3cuse xlink:href='%23a' x='7560' y='840'/%3e%3cuse xlink:href='%23a' x='8680' y='1869'/%3e%3cuse xlink:href='%23e' x='8064' y='2730'/%3e%3c/g%3e%3c/svg%3e){kind=small}
CDR
Australia
Australia's economy-wide data sharing framework started with Open Banking and is expanding to energy...
Need to integrate with Open Banking APIs?
Explore our directory of API aggregators and TPPs to accelerate your compliance.