Mandatory Open Finance Will Boost the Development of the Financial System and Financial Inclusion in the Country

TL;DR

Decree 0368 of 2026 establishes mandatory open finance in Colombia.
The decree strengthens competition by promoting free prices, free agent entry/exit, and information symmetry.
It aligns with the National Development Plan and the SFC's Open Finance Strategic Project.
The SFC will administer a directory of participants and define technical standards within six months.
Implementation is mandatory for supervised entities acting as data providers and receivers, with voluntary participation for non-supervised third parties.

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