In 2025, Open Finance—which celebrates its fourth anniversary on Saturday (Feb 1st)—is set to incorporate more than ten new relevant institutions.
The concept of OpenX continues to expand its frontiers, transforming how data is shared and utilized. From its origins in the financial sector with Open Banking to its extension into new industries and geographies, this growth is occurring across three key vectors: expanding the scope of participants, extending to new sectors, and deepening integration.
Open Finance’s expansion in Brazil
In Brazil, Open Finance has already achieved significant adoption. The infrastructure regulated by the Central Bank (BC) has evolved through phases that gradually expand the reach and depth of financial data sharing. In 2025, the system—celebrating its fourth anniversary—is expected to incorporate over ten new relevant institutions, further expanding its ecosystem and making it even more dynamic.
This movement is essential for increasing competition among players and providing consumers with more personalized and efficient financial services.
Another major highlight for 2025 is credit portability via Open Finance. With increasing data integration, consumers will have greater flexibility to transfer their debts between institutions, taking advantage of better interest rates and payment terms. This functionality empowers consumers and fosters a more balanced market where customer choice and convenience take priority.
New frontiers
As Open Finance evolves, the concept of OpenX extends beyond the banking sector, exploring new areas that could benefit from data sharing.
- Open Insurance is already in operation, with Client Order Processing Societies (SPOCs) and other use cases expected to be fully functional by the end of 2025.
- Discussions led by the Securities and Exchange Commission (CVM) about the Open Capital Market are also expected to advance this year. This expansion into capital markets could unlock new possibilities for data sharing in investments, possibly starting with greater operational efficiency.
The horizon for OpenX extends far beyond the financial sector. Industries such as healthcare, government, and energy are becoming new frontiers for the open data model. Concepts like Open Health, Open Gov, and Open Energy are already being discussed—both within each sector and in broader conversations about data empowerment and ownership.
These developments reinforce the importance of giving individuals control over their information, fostering greater efficiency and innovation across multiple aspects of society.
Global adoption
Internationally, Open Banking and Open Finance models are expanding rapidly.
- Colombia has adopted a voluntary approach, where platforms are already operating based on existing frameworks despite the absence of specific regulations.
- Chile’s Financial Portability Law and the recent Fintech Law have created a favorable environment for Open Finance.
- In Africa, Nigeria and Kenya are leading efforts to promote financial inclusion through Open Banking, developing regulatory standards for data interoperability and the integration of digital financial services.
Additionally, global projects like the one led by the Bank for International Settlements (BIS) are signaling a future of international collaboration.
This initiative connects Open Finance infrastructures from countries such as Brazil, the United Kingdom, and Hong Kong, enabling the secure exchange of financial data across jurisdictions. It lays the groundwork for transnational business models and global financial services integration.
The foundation for a more connected future
A combination of a strong regulatory foundation, emerging technologies, and a growing appreciation for shared data value is reshaping markets, empowering consumers and businesses alike.
In these three key vectors, the OpenX movement is not just a trend—it is the foundation for a more connected and integrated future.
📌 Article originally published in Finsiders Brasil.