Paris: Open Banking Exchange announced today that key stakeholders of the open finance movement in Mexico will come together at a Summit on 14 October 2021 to

collaborate on the development of open finance.

Hosted by Open Banking Exchange (OBE), with the participation of the Mexican Central Bank and the National Banking and Securities Commission, the Summit marks the beginning of a membership programme which will provide Regulators, Fintechs and Financial Institutions with an opportunity to come together and share international best practices to help accelerate learning and understanding of open banking and open finance in the region.

Following the success of the OBE Colombian Membership Programme over the past few months, which has ignited important discussions on topics relevant for the adoption of this global phenomenon, OBE is expanding the programme into other Latam markets, starting with Mexico.

Open Banking Exchange was established to leverage the past achievement and know-how of Open Banking Europe (OBE) whose members comprise over 500 of the largest European and Global Financial Institutions. Open Banking Exchange enables open banking and open finance communities around the world 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 in addition to the development and implementation of effective and interoperable open solutions based on jurisdiction neutral technology frameworks.

Victor Rivera, SVP Open Banking Exchange stated: “Open Finance allows for the development of easy to use, contextualised products centred on needs not process, providing access to a wider set of individuals giving true meaning to the word inclusion. We are therefore delighted to support the development of open finance in Mexico and Latin America as we believe collaboration among players will drive innovation, bringing better products and services to the population."

John Broxis, Managing Director, Open Banking Exchange commented: “Promoting collaboration and best practice in open banking support the work of the regulators. We

believe Open Banking Exchange has an important role to play in in the development of the open finance ecosystem"