Chris Michael
Uruguay’s financial sector is standing at the edge of its biggest structural shift in a generation. The Banco Central del Uruguay (BCU) recently published its draft bill (anteproyecto de ley), formalised as resolution P_2_2026, establishing a nationwide Open Finance System (Sistema de Finanzas Abiertas). It sits inside the BCU’s broader Hoja de Ruta del Sistema...
Phoebe Singer
Embedded finance is the implementation of financial services within non-financial contexts via standardised API connections to regulated bank infrastructure. Most coverage of embedded finance addresses the opportunity from the non-financial platform perspective: what it means for the retailer, the SaaS company, the marketplace. This piece takes the other angle, addressing what embedded finance means for...
Phoebe Singer
The first half of 2026 has been busy; Colombia made open finance mandatory, Saudi Arabia issued its first commercial open banking licences, the UAE completed one of the most ambitious cross-border open finance experiments in the world, UKPI launched what it calls the first new UK payment scheme since 2008, and in Brussels, a decade-long...
Phoebe Singer
