Peru's Superintendency of Banking, Insurance and Private Pension Funds has published a draft regulation for the Banking as a Service model as part of its Open Finance Roadmap. The proposal would set a framework for financial institutions to work with technology and other third-party companies to offer digital financial products and services, while making clear that the regulated financial entity remains fully responsible to customers and to the supervisor even when third parties participate in service delivery. The draft covers Banking as a Service arrangements for products such as accounts, loans, payments and transfers, including models aimed at segments less served by the traditional financial system. It also sets measures on information security, risk management, prevention of illicit activities and consumer protection, and includes rules intended to avoid confusion for users about which entity is responsible for providing the service.
Superintendencia de Banca, Seguros y AFP del Peru 2026-05-11
Peru's Superintendency of Banking, Insurance and Private Pension Funds proposes Banking as a Service rules keeping regulated entities fully responsible for clients
Peru's Superintendency of Banking, Insurance and Private Pension Funds has published a draft regulation establishing a framework for the Banking as a Service model under its Open Finance Roadmap. The proposal governs accounts, loans, payments and transfers, clarifies that the regulated financial institution remains fully responsible to customers and the supervisor, and sets requirements on information security, risk management, prevention of illicit activities and consumer protection, including rules to avoid user confusion over responsible entities.