Argentina’s BCRA advances open finance for 2027

The Central Bank of Argentina is moving ahead in 2026 with tests to standardize identity authentication and consent procedures for a system designed to share data between banks and virtual wallets, with a broader rollout expected in 2027. The roadmap starts with fiscal data from ARCA and would later extend to other government bodies and the financial system.

What is the BCRA testing?

The BCRA is working through technical meetings and trials to define how a person is authenticated and how consent is recorded before information is shared between entities. According to TN, Pedro Inchauspe said those tests will take place during 2026 and that the broader implementation would be set for 2027.

La Nación reported that the central bank formed a working group with ARCA and that the first tests could begin before the end of 2026. That operational start in 2027 depends on the trials working properly.

What would be the first use case?

The first use case for the scheme would focus on ARCA tax data before expanding to information from other agencies or from the financial system. Infobae described it as a tool to improve credit assessment, especially for people with low or informal income.

IProfesional added that the initial experience would let entities access certain data ARCA holds on a person, always with express authorization. After that, the standard for authentication and consent would be extended to other agencies.

What regulatory framework was defined?

Decree 353/2025 named the BCRA as the authority responsible for the Open Finance System and gave it authority to define the parameters, standards and requirements for data exchange, according to Ozone API’s coverage. Urgente24 also noted that the decree allows individuals and legal entities to share, through express consent, the information they consider relevant with financial institutions registered with the BCRA.

The available reporting did not show any later technical regulation. It did show that the central bank is trying to order the framework before broadening its scope.

What priorities did the central bank set?

Coverage of the BCRA’s priorities for Argentina’s financial system mentioned fraud prevention, identifying company owners and the need to set clearer obligations for the actors that connect third parties to the financial system. The goal is tied to a data-sharing environment that is not meant only for banks, but also for virtual wallets and other participants in the ecosystem.

TN and El Observador Argentina placed this process within a broader central bank agenda to boost credit in 2027 and organize the future of payments in Argentina. At the same time, the articles reviewed stressed that the use of ARCA tax data would be the first concrete test of the scheme.