Open Banking in Uruguay

Planned

Uruguay is planning an open banking framework through the Banco Central del Uruguay, leveraging its strong digital infrastructure and progressive regulatory approach.

Key Facts

Approach

Regulated

Regulatory Body

Banco Central del Uruguay (BCU)

Topics

Open Banking

Data Scope

Banking data

Timeline

2023BCU evaluates open banking approaches as part of financial sector modernization

Open Finance in Uruguay

Uruguay is planning to develop an open banking framework under the Banco Central del Uruguay (BCU). The country benefits from relatively high digital infrastructure quality, strong rule of law, and a progressive approach to technology regulation. The BCU is evaluating open banking models from regional peers to develop an approach suited to Uruguay's compact but well-developed financial sector.

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Related Resources

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