The Financial Superintendence of Colombia presented its supervisory perspectives on cybersecurity and market innovation at an Instituto Iberoamericano de Mercado de Valores seminar in Cartagena, covering fintech activity in the securities market, open finance and operational and cyber risks linked to emerging technologies. In remarks on “fintech initiatives in Colombia’s securities market”, the SFC’s Delegate for Securities Intermediaries outlined the scope of the supervisor’s regulation for the Electronic Order Routing System (SERO) and recalled that External Circular 010 of 2024 set instructions aimed at deepening capital markets and energising the collective investment funds industry. The SFC also reported that e-trading volumes have remained stable, accounting for around 10% to 12% of equity market trading in 2025, and highlighted securities crowdfunding as a channel for investors to fund productive projects without using traditional financial intermediation. Separately, the Delegate for Operational Risk and Cybersecurity discussed open finance implementation steps in Colombia, digital transformation benefits for firms’ processes and data use, and payment system modernisation that enables transactions in seconds using tools such as “keys” and QR codes.
Superintendencia Financiera de Colombia 2025-09-26
Financial Superintendence of Colombia reviews SERO fintech rules and cybersecurity priorities for securities markets
The Financial Superintendence of Colombia discussed cybersecurity and market innovation at a seminar, focusing on fintech in the securities market, open finance, and cyber risks. The SFC highlighted the regulation of the Electronic Order Routing System and noted stable e-trading volumes, comprising 10% to 12% of equity market trading. Additionally, the SFC emphasized securities crowdfunding and advancements in payment systems, including rapid transactions via QR codes and "keys."