The Cost to the Private Sector of Implementing the Open Finance System: US$362 Million in the First Three Years

La Tercera

Lean Right

Factuality

Ownership

“The costs of implementing the open finance system (SFA) are significant and, a large part of them, correspond to fixed costs.” That is one of the objections raised by the Banks Association (Abif) in a letter sent to the Senators of the Finance Commission on the process of implementing the Fintech Act.In the opinion of the industry, one of the issues that has been most complex at this stage of definitions, is the SFA that created the Fintech Act…