| Status | Live (Regulated) | In Progress | Live (Regulated) |
| Approach | Regulated | Regulated | Regulated |
| Regulatory Body | Banco Central do Brasil (BCB) | Comisión Nacional Bancaria y de Valores (CNBV) / Banco de México | Reserve Bank of India (RBI) / Securities and Exchange Board of India (SEBI) |
| Key Legislation | Resolução Conjunta BCB/CMN Nº 1/2020 | Ley para Regular las Instituciones de Tecnología Financiera (Ley Fintech, 2018) | RBI Master Direction on Account Aggregator Framework (2016, updated 2021) |
| Topics | Open Banking, Open Finance | Open Banking, Open Finance | Open Banking, Open Finance, Open Data |
| Standards | 3 (Open Finance Brasil Financial-grade API Security Profile, Open Finance Brasil API Standards, FAPI 1.0 Advanced (BR Profile)) | 1 (CNBV Open Finance API Standards) | 3 (Account Aggregator (AA) Technical Specification, ReBIT API Standards, Financial Information User (FIU) Guidelines) |
| Key Dates | 2020 - 2023 | 2018 - 2023 | 2016 - 2023 |
| Scope | Transaction accounts, Savings accounts, Credit cards, Loans, Payment initiation (Pix), Insurance, Investments, Pension funds, Foreign exchange | Aggregated data, Transactional data, Open data (product information) | Bank accounts, Deposits, Mutual funds, Insurance policies, Pension accounts, GST data, Demat accounts |
| Participants | 800 | — | 50 |
| API Adoption | Over 62 million active data-sharing consents and 102 billion API calls processed in 2024 across 800+ institutions | Phased implementation underway; open data APIs available, transactional data in progress | Over 60 million linked accounts across banks, securities, and insurance as of 2023 |
| Internet Penetration | 84% | 76% | 52% |
