Contxto – Last week Mexico’s National Banking and Securities Commission (CNBV) published the first set of regulations regarding open banking in the country.

The takeaway: These regulations aren’t exactly “groundbreaking” as they only address the sharing of unclassified information between financial institutions and fintechs.

But hey… it’s still progress as it constitutes a significant step in Mexico’s open banking regulatory rollout.

Updates on open banking MexicoCertainly this set of new regulations doesn’t address the “meat” of what fintechs are hungry for (users’ statistical and transactional data).

As a result, it could be a long wait for these fintechs and for further open banking regulations on statistical and transactional data to be published and made effective. | To read full story, visit https://startuparound.com/read/1591963290.8340282/Government-in-Mexico-rolls-out-initial-open-banking-regulations?ref=audio_experience