Issue link: https://recursos.axway.com/i/1321495
16 Open Banking APIs State of the Market Report 2020 REGION: LATIN AMERICA 11 OPEN BANKING PLATFORMS 54 OPEN BANKING API PRODUCTS 225 % ANNUAL GROWTH RATE LATIN AMERICA OPEN BANKING API PLATFORMS AND THEIR API PRODUCTS, Q3 2020 (N=11 PLATFORMS) Both Brazil and Mexico have strong open banking regulatory drafts. Brazil's focus extends more to open finance, and tight timelines have been set to require banks to expose product catalogues via APIs by November this year, and transactional data in May 2021. It is anticipated that this will force banks to move beyond the one-to-one partnering that some have been doing on a much smaller scale at present. All Brazilian banks will be required to adopt open banking, with payments and transaction data to be opened in 2021. Despite the impacts of COVID-19, at present there are not expected to be any delays in the requirements of banks, fintech and insurance to meet these deadlines by October 2021 4 . In Mexico, some banks have already implemented API strategies mostly to improve customer engagement. This year, clearing houses and credit bureaus must submit their API plans to the Central Bank. SUMMARY CHILE 1 8 BRAZIL 5 27 MEXICO 4 13 ARGENTINA 1 6 Platforms Products