Open Finance Mexico

Mexican Fintech Law - Open Finance

ActiveOpen FinanceLatin America
Mexico • Regulated by CNBV (National Banking Commission)
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Effective Date
Mar 2020
Full Compliance
Jun 2024
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Regulator
CNBV
National Banking Commission
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Scope Areas
3

Overview

Mexico's Fintech Law includes open finance provisions requiring financial institutions to share data through APIs. Three types of data: open (public), aggregated (anonymized), and transactional (with consent).

Note: Comprehensive framework but implementation has been gradual. Secondary regulations still evolving.

Jurisdiction

Mexico
View Open Banking providers and TPPs in Mexico

Scope & Coverage

This regulation covers the following areas and services:

Aggregated DataTransactional DataOpen Data

Key Requirements

API publication requirements
Three-tier data classification
CNBV authorization
Data sharing compensation

Timeline

Effective Since
March 9, 2020
Full Compliance Deadline
June 1, 2024

Official Resources

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