Explican el nuevo cambio que tendrán los bancos en Colombia; datos dejarían de ser privados

Explican el nuevo cambio que tendrán los bancos en Colombia; datos dejarían de ser privados - Pulzo

Colombia is implementing an “open banking” system, whose main objective is to transform a traditionally costly, uninclusive, and exclusionary financial market into one that is more competitive and transparent. This change aims to ensure information symmetry among all banking entities, allowing both users and institutions to access complete and shared financial data, thereby fostering free competition and the entry of new players into the market. The relevance to open data lies in the fact that this model democratizes access to financial information, overcoming the current limitation where each bank operates with isolated data. By standardizing and sharing users’ credit history and financial profiles across different institutions, the information monopoly is broken. This empowers citizens to compare offers and access improved services, aligning with the principles of open data that seek to maximize public utility through transparency and the exchange of structured information. Implementation is being carried out in technical phases simultaneously with consumer education, prioritizing security and user ownership of data. Although there are inherent cybersecurity risks, strict protocols have been established to protect information, ensuring that data circulation occurs only with the explicit consent of the data owner. The success of this initiative will depend on the agility of its execution and the ability to maintain user trust, promising tangible benefits such as lower interest rates and greater credit options for the population.

Source: pulzo.com
Published on 2024-02-11

En últimos dos años el Ministerio de Deportes ha recaudado más de 43 millones de pesos con galleras »

Open Data

Related news