Artificial intelligence and cloud computing were supposed to be the most borderless technologies ever built. Instead, they are the ones most rapidly acquiring borders. For any company expanding internationally, especially in software, AI, and digital services, that paradox is no longer a legal footnote. It is a strategic variable that belongs in the same conversation as market size and unit economics.

Latin America is not a monolith. When financial institutions speak of the region as a single market opportunity, they tend to flatten the very differences that define whether a fintech venture succeeds or fails. Nowhere is this more evident than in the uneven adoption of Open Banking — the regulatory framework that allows consumers to share their financial data securely with third-party providers, unlocking a new generation of payment, credit, and wealth management services.