Open Banking Expo, the largest global community of Open Banking and Open Finance executives driving one of the biggest digital transformations across the financial services sector, has partnered with open banking advisory company Open Vector to support the growth of the open banking ecosystem in Latin America. The partners will launch community meetups to bring together financial institutions, regulators, and industry leaders to accelerate the proliferation of open banking in the region. Latin America boasts a thriving fintech sector that has been looking at the UK’s experience as a model for how to advance open banking, drive innovation and support financial inclusion across several countries such as Brazil and Mexico. Not all Latin American countries are moving at the same pace on Open Banking adoption, with some preferring a market-driven approach to one driven by regulation.
LatAm region is continuing to show incredible potential and expansion in the use of open banking and open finance. But a key element that is required for this movement to succeed, is to provide education, discussion, and communication by and to everyone in the region through a credible channel. So, for Open Vector to have this partnership with Open Banking Expo to expand to LatAm is perfect and timely as they will bring to the region the structured and well-executed conferences, webinars, and news they are well known for today throughout Europe. Open Vector advises governments, financial institutions and fintechs on how to implement and integrate safe and secure open banking and open finance products and solutions, while ensuring customers are protected.