Ferrari dijo que datos abiertos permitirán una mejor competencia del sector financiero
Colombia is moving forward with mandatory open finance to ensure systemic viability, viewing it as essential for consumer protection and market evolution. This regulatory shift aims to modernize outdated rules, thereby simplifying compliance and fostering fair competition among fintechs. The removal of redundant legal barriers reduces complexity, allowing broader participation beyond legal experts. By streamlining the Basic Juridical Circular, the Superintendence intends to create a more accessible and efficient financial ecosystem for all stakeholders. This initiative highlights the critical role of open data in driving innovation. It demonstrates how governments can leverage transparency to balance technological advancement with robust consumer safeguards, setting a precedent for other Latin American markets.
Source: larepublica.coPublished on 2024-09-06
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