OpenFinance & OpenBanking

The Global Wave, at Different Speeds

OpenBanking and OpenFinance are not new concepts. The conversation has been happening for years in markets like the UK, Europe, and Australia, where regulatory frameworks have forced banks to open their infrastructure.

But in Latin America, particularly in countries like Argentina, Brazil, and Mexico, the adoption is just beginning. Regulators are drafting frameworks, banks are still figuring out compliance, and fintechs are cautiously exploring what "open" really means in practice.

Even in the United States, the picture is complex. The first comprehensive regulations around data sharing are just being finalized. Organizations like the Financial Data Exchange (FDX) have emerged as de facto standards—not because they're mandated by law, but because the industry needed something to align around.

Why This Matters for Operations

Most people think of OpenFinance as a technical challenge: APIs, data schemas, authentication protocols. And it is. But the real complexity lies in operations.

OpenFinance changes how financial institutions work internally. It forces decisions around:

• Data governance: Who owns customer data? How is consent managed?
• Vendor strategy: Build in-house or integrate third-party platforms?
• Compliance infrastructure: How do you audit API access and ensure regulatory adherence?
• Business models: If data becomes a commodity, where's the differentiation?

These are not just IT problems. They require operational redesign, process mapping, and strategic clarity—exactly the kind of work where technical depth and business acumen intersect.

What I'm Exploring

I'm researching how organizations—especially in emerging markets—can adopt OpenFinance without creating technical debt or operational bottlenecks.

How do you design systems that are compliant today but flexible enough for regulations that don't exist yet? How do you balance the speed of fintech innovation with the risk controls of traditional banking?

These questions sit at the intersection of infrastructure, compliance, and strategy—and they're exactly where I want to focus next.