Open Banking in Portugal

What is the current status of Open Banking in Portugal?

Portugal might not be considered an Open Banking powerhouse, but the foundational pieces have been set in motion. The regulator, banks and other service providers are building acceleration programs for FinTechs such as FinTech365FinTech+, and Portugal FinLab.

Interesting stats about OB potential in Portugal

What will the future of Open Banking look like in Portugal?

The National Strategy for Retail Payments set by the Banco de Portugal, outlines four pillars that essentially mirror Open Banking: 

The OB discussion is alive and kicking in Portugal, and it won’t take long until the country starts making waves in the space.