UK Konsentus today announced the launch of its open banking international membership programme, Open Banking Exchange.

Open Banking Exchange has been established to leverage the past achievement and know-how of Open Banking Europe (OBE), to enable open banking and open finance around the world.

The European success of OBE generated a global demand for a series of national and regional membership programmes to be created, enabling each community to find practical solutions to issues relating to open banking and open finance.

OBE has a proven track record of building collaborative environments enabling its members to identify market issues and implement solutions via guidance, standards and tools. In turn this creates trusted relationships with regulators, self-regulated organisations (SROs) and national communities to implement effective and interoperable open solutions based on jurisdiction neutral technology frameworks.

Open Banking Exchange is launched today in Latin America, including Brazil, Colombia, Chile and Mexico, and will soon be launched in other territories.

Victor Rivera, Head of Open Banking Exchange, LATAM, commented: “We’re thrilled to launch Open Banking Exchange into Latin America as it provides a central forum so that the different stakeholders within our ecosystem can effectively collaborate, share and learn from the success of OBE in Europe and ensure a smooth implementation of open banking locally. The region is eager to embrace financial innovation and we look forward to working with all stakeholders on their journey to make the region digital.”

Mike Woods, CEO, Konsentus, commented: "The launch of Open Banking Exchange, following the acquisition of Open Banking Europe from PRETA earlier this year, accelerates Konsentus’ international expansion plans and positions us at the centre of open banking ecosystems as they embark on their open banking journeys.”