What is the Open Finance Institute and what advice does it offer?

The concept of Open Finance or open finance, understood as the next step of the Open Bankingwhich establishes a regulatory framework to promote the secure exchange of user data, beyond purely banking information, has been increasingly inserted into the public conversation and economic debate of the different countries in Latin America and that is why the Open Finance Institute.

Although the issue has great potential to accelerate financial inclusion and encourage competition in the banking sector, This field of work lacked an institution in Latin America that centralized and promoted knowledge in a proactive manner..

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For this reason, the Open Finance Institute was launched, the first meeting point for training, research and ongoing updating of all professionals linked to the world of Open Finance in the region.

For this commitment, the entity has formed a Academic Council which, in addition to having a highly technical and specialized profile, has great regional representation.

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In Mexico, Chile, Dominican Republic, Peru, Spain and Colombia There will be professionals from the sector working on the initiative.

For Colombia there will be the Lawyer Erick Rincón Cárdenas, professor at the University of Rosario, director of the think tank, TicTank; former president of Colombia Fintech and founder of the firm Rincón Cárdenas & Moreno.

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Angel Sierra, CEO and Founder of the Open Finance Institute said “The speed at which technological innovation advances internationally, and the challenges that still persist in terms of banking and financial inclusion, demand constant updating and training in Open Finance. The mission objective of this entity is to promote the transfer of knowledge, the exchange of good practices, research and regulatory debate. We will maintain an educational function for journalism and public opinion.”.

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