Financial technology service entities rule

In forceJPRF-F-2025-0155

Summary

Requires fintech firms that operate with algorithms to appoint an accredited algorithm officer and keep traceability for every automated operation.

Financial technology service entities, including automated financial advice.

Enforcement regime of the Monetary and Financial Code.

Official name: Resolución N.° JPRF-F-2025-0155, reforma a la Norma que regula las Entidades de Servicios Financieros Tecnológicos
Official reference: Resolución JPRF-F-2025-0155, Junta de Política y Regulación Financiera, 20 de mayo de 2025, vigente desde su expedición
Regulator: Financial Policy and Regulation Board and Superintendency of Banks
Official source: Check the sourceHow we verify sources

Obligations table
Obligation	Article or citation	Status	Date	Who it applies to	Verification
Appoint an algorithm officer accredited with the Superintendency of Banks	Res. JPRF-F-2025-0155, arts. 61 y 62	In force	May 20, 2025	Financial technology service entities (fintech) that operate with algorithms or automated advice.	Verified in the official source on November 4, 2026
Traceability and logging of automated operations	Res. JPRF-F-2025-0155, arts. 49 y 66	In force	May 20, 2025	Fintech entities that use models, algorithms or automated tools.	Verified in the official source on November 4, 2026

Res. JPRF-F-2025-0155, arts. 61 y 62In force

Applies from May 20, 2025

When it relates: Financial technology service entities (fintech) that operate with algorithms or automated advice.
What the rule provides: Appoint a person to verify the algorithm produces results consistent with its purpose and accredit them with the Superintendency of Banks.
Report changes to certified staff and to algorithm verification within 10 days.
Typical evidence: Appointment and accreditation record
Related base documents: AI or Algorithm Officer Appointment Record
Supporting documents: Model Risk Management Policy and Model Inventory
Verification: Verified in the official source on November 4, 2026Checked against the text published by the Central Bank of Ecuador: art. 61 (algorithm officer accredited with the Superintendency of Banks) and art. 62 (report changes within 10 days). In force since May 20, 2025, regardless of publication in the Official Register. Applies to personal finance management or financial advisory entities.

Res. JPRF-F-2025-0155, arts. 49 y 66In force

Applies from May 20, 2025

When it relates: Fintech entities that use models, algorithms or automated tools.
What the rule provides: Follow the Superintendency of Banks' technical, security, traceability and control guidelines and keep models and algorithms up to date.
Log every automated operation so it can be audited later.
Typical evidence: Logs of algorithm operations and decisions
Related base documents: Automated Decision Log Standard
Supporting documents: AI Model and Dataset Inventory Policy
AI Document Control and Versioning Procedure
Verification: Verified in the official source on November 4, 2026Checked against the text published by the Central Bank of Ecuador: art. 49 (the Superintendency of Banks' technical, security, traceability and control guidelines) and art. 66 (automated operations traceable and logged for later audit). In force since May 20, 2025.