Open Finance Mexico

Mexican Fintech Law - Open Finance

ActiveOpen FinanceLatin America
🌍
Jurisdiction
Mexico
📅
Effective Date
2020
Mar 9, 2020
✅
Full Compliance
2024
Jun 1, 2024
🏛️
Regulator
CNBV

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).

Scope & Coverage

Aggregated DataTransactional DataOpen Data

Key Requirements

1
API publication requirements
2
Three-tier data classification
3
CNBV authorization
4
Data sharing compensation

Key Notes

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

Official Resources

Related Regulations

Other open banking frameworks in Latin America:

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