Financial Superintendency of Colombia holds first technical roundtables with 153 entities on mandatory open finance rollout

The Financial Superintendency of Colombia has held its first technical roundtables to gather information for the work schedule and standards that will underpin the rollout of mandatory open finance under Decree 368 of 2026. The exercise brought together 153 entities, including supervised institutions and non-supervised market participants, as the supervisor starts shaping how the regime will enter into operation. Across four sessions held June 9-12, more than 260 participants attended from across the financial system and the real sector. The discussions covered insurers and pension fund managers, trust companies, investment managers and brokers, credit institutions, SEDPES, IOE and SPBV, as well as fintech firms, law firms and data providers. A common theme identified in these initial sessions was the need for gradual, technical and coordinated implementation across both supervised and non-supervised actors in the ecosystem. The supervisor said it will continue to convene further forums to deepen its understanding of current market conditions, build on existing capabilities and identify the main challenges for implementing mandatory open finance in Colombia.