Uruguay’s Central Bank has presented a draft law establishing an Open Finance System, a key goal outlined in its 2026-2030 Payment System Roadmap. The proposed legislation details how user data will be shared within the new system. This initiative, anticipated this year, aims to modernize financial services and promote competition. The bill outlines parameters for data accessibility, intending to empower consumers with greater control over their financial information. Details regarding specific data types and security protocols are expected to be further clarified as the legislative process unfolds. The move signifies Uruguay’s commitment to integrating with global financial technology trends. The Central Bank believes this system will foster innovation and efficiency in the financial sector.