Colombia is examining the implementation of open finance to broaden access to financial services. Discussions center on key elements for inclusive adoption, including the use of alternative data sources for credit scoring. Portability – allowing consumers to easily share their financial data between institutions – is a central component. Equitable access to credit is a primary goal, aiming to benefit currently underserved populations. The initiative seeks to democratize finance by fostering competition and innovation within the financial sector. La Silla Vacía reports this development as a crucial step towards a more inclusive financial landscape in Colombia.