ABC Open Finance for Innovation, Competitiveness and Financial Inclusion in Colombia

Colombia is the third country in Latin America to adopt the open finance model, after Brazil and Mexico. Together with Parra Rodríguez’s team of lawyers, we prepared the ABC on open finance for innovation, competitiveness and financial inclusion, in order to provide investors with complete and reliable legal information on this new model, which will allow financial consumers to access a wider range of services, through digital platforms, created according to their specific needs.

In this downloadable document you will find the relevant aspects of Decree 1297 of 2022, which establishes the guidelines for the regulation of open finance in Colombia and other services such as: payment initiation, processing of personal data of financial consumers and the creation of digital ecosystems.

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Legal notice

In compliance with the provisions of Article 10 of Decree 1377 of 2013, regulatory of Law 1581 of 2012, THE CORPORATION FOR DEVELOPMENT AND PRODUCTIVITY BOGOTA REGION-REGION DINAMICA -INVEST IN BOGOTA (hereinafter INVEST IN BOGOTÁ), as the data controller of the personal data obtained through the different management and information and contact channels offered through its web portal or other means of contact, requests investors, entrepreneurs, allies, journalists, suppliers, users, and in general, any natural person holding personal data who has been a user of the services and/or products offered by INVEST IN BOGOTÁ,authorization to continue with the processing of your personal data in accordance with the privacy policies that have been established under the parameters of Law 1581 of 2012 on Personal Data Protection in Colombia. The information and personal data provided to INVEST IN BOGOTÁ may be processed, collected, stored, used, circulated, deleted, shared, updated and/or transmitted, in accordance with the terms and conditions of the privacy policies established by the corporation, as applicable, mainly for promotional, commercial, administrative, contact and in general, to enable the provision of its services and the disclosure of its products and services. In accordance with the procedures contained in Law 1581 of 2012 and Decree 1377 of 2013, holders may exercise their rights to know, update, rectify and delete their personal data by sending their request the email pqrf@investinbogota.org if you prefer, by contacting in Bogota to telephone 317 7806 158 nationwide or thePOL-DE-05. V06. Personal Data Treatment Policy.pdf may be consulted on the Invest in Bogotá website.