On May 23, 2025, the National Executive Power issued Executive Order No. 353/2025 (the “Order”), introducing Open Finance in Argentina. According to the Order, the objective of Open Finance is to allow individuals and legal entities, through their express consent, to share information they consider relevant with financial institutions registered with the Central Bank of Argentina (the “Central Bank”), in order to promote credit access, competition, and financial inclusion.
Open Finance is a data-sharing model based on Application Programming Interfaces (APIs), enabling banks and other financial market participants, such as fintechs, insurers, and financial institutions, to access and use financial information with their customers’ express consent.
Within this framework, and in line with its powers, the Central Bank will serve as the authority responsible for implementing Open Finance. It will define the parameters, standards, and requirements that must be met by agencies of the National Executive Power and entities within the financial system, with the aim of facilitating credit access. The enforcement authority may coordinate with national, provincial, municipal, or Buenos Aires Autonomous City agencies or authorities to gather the necessary information and ensure its secure processing.
