Open Banking or Open Finance as it is called in Mexico is no longer a vision in the future. After 5 years of intensive work there is already one API specification for public data. Google has participated globally in the definition and execution of new business models and monetization strategies enabling Financial Services and Insurance ecosystems to accelerate their digital transformation journey.

Takeaways:

 Fintech Law and initial secondary regulations were released this year and Financial entities are entitled to comply or use them as a starting point for a more extensive ecosystem strategy.

 Financial Services industry is moving real-time and customers want better connected experiences everywhere. There is a new way to enable a rapid hybrid cloud that is already approved by CNBV to be ready to compete in a digital arena.

 API Management is no longer an IT discussion, it is a clear opportunity to develop new products and channels that are accessible to your customers when they need them.