The Chile Financial Market Commission (CMF) signed a non-refundable technical cooperation agreement with the Development Bank for Latin America and the Caribbean (CAF) to finance the development of a web platform for Chile’s Open Finance System (OFS). The project is positioned as a key element of OFS implementation and is intended to provide clear, accessible information for citizens, technical professionals using the system, and OFS participants. The platform is planned to include a citizen-facing section focused on financial education and the relevance of personal data protection, technical information for developers at institutions participating in or considering joining the OFS, and general regulatory information for OFS participants. The agreement sets contracting terms for developing the website and targets suppliers with user experience and user interface design capabilities as well as digital content production expertise. The CMF noted that the OFS is regulated under Title II of the Fintech Act (Law No. 21,521) and that the OFS framework was set out in General Rule No. 514 issued in July 2024, including perimeter, operating, security, and information standards. General Rule No. 514 provides a 24-month preparation phase from issuance, with the regime to take effect gradually from July 2026 and to be fully implemented no later than July 2029.

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