Open Banking Exchange has been expanded into Chile – growing the region’s payment options as it continues to strengthen its footprint across South America. 

It follows the launch of OBE into Colombia, Mexico, the Philippines, Southeast Asia and Ukraine in 2021 – with the firm mapping out significant growth plans for the year ahead. 

Victor Rivera, SVP Open Banking Exchange, stated: “We are working with the regulators and open finance communities in Colombia and Mexico to help accelerate their open finance programmes and look forward to working with the regulators and the community in Chile to drive innovation and enable the advancement of open finance.”

John Broxis, Managing Director, Open Banking Exchange, commented: “Promoting collaboration and best practice in open banking supports the work of the regulators. We believe Open Banking Exchange has an important role to play in Chile with the development of the open finance ecosystem.”

Furthermore, building on the launch, key stakeholders of the open finance movement will come together at a Summit on 20 January 2022 to introduce the OBE programme.

Hosted by OBE, with the participation of the Regulatory Commission for the Financial Market, Betterfly, Transbank, Global66, and Floid, the Summit marks the beginning of an educational and advisory programme for Service Providers, Financial Institutions and Fintechs, enabling them to collaborate on the advancement of open finance by discussing challenges and opportunities at Member Forums and Working Groups.