Peru's Superintendency of Banking, Insurance and Pension Funds (SBS) has established an Open Finance Department to lead work on implementing an open finance model in Peru, starting with open banking. One of the department’s first deliverables will be a roadmap setting the approach for implementation. The interdisciplinary team is led by Claudia Cánepa Silva, previously responsible for SBS operational risk supervision. A new committee bringing together relevant SBS deputy superintendencies and management areas will oversee the initiative, with the Open Finance team reporting progress to it. Early work will include reviewing the current regulatory framework and proposing any necessary adjustments, while the roadmap will set stages and timelines and envisage working groups with other authorities including the Central Reserve Bank and the Superintendency of the Securities Market. The project will receive technical assistance from the World Bank, and SBS held a two-day workshop with the World Bank involving the new department and the committee. SBS expects the open banking phase to take two years from the point the roadmap is defined, after which the scope would broaden to include other systems such as insurance and pensions as part of a wider open finance model.
Superintendencia de Banca, Seguros y AFP del Peru 2025-10-06
Peru's Superintendency of Banking, Insurance and Pension Funds creates Open Finance Department to deliver open banking roadmap
Peru's Superintendency of Banking, Insurance and Pension Funds (SBS) has launched an Open Finance Department to implement an open finance model, starting with open banking. Led by Claudia Cánepa Silva, the department will develop a roadmap with oversight from a new committee. The initiative involves regulatory reviews, collaboration with other authorities, and World Bank technical assistance, with the open banking phase expected to take two years.