Chile's Ministry of Finance, through Finance Minister Mario Marcel in a keynote at the Chile Fintech Forum 2025 on 13 May, highlighted that high levels of bank account ownership still leave “important gaps” in the effective use of financial products and services, and positioned digital financial inclusion as a priority alongside a focus on cybersecurity and coherent regulation as the Fintech Law is rolled out. Marcel pointed to macro-financial headwinds, noting that total bank credit in real terms recorded 33 months of negative annual growth as of March, and that savings accounts represented only 5.7% of total deposits in the banking system as of February 2025. He described Chile’s fintech ecosystem as the second-fastest expanding among regional leaders and called on fintech firms to use technology to broaden financial markets, competition and inclusion by offering simple, accessible and responsible financing and savings vehicles, while addressing cybersecurity risks through public-private coordination. He also referenced the Fintech Law alongside the Personal Data Protection Law, the law establishing a Cybersecurity Agency and the law creating a Consolidated Debt Register, arguing that these frameworks raise standards for handling and protecting financial data but create challenges around harmonising the overall set of rules.

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