Legal Notice

The Financial Innovation Hub of Panama (Finhub Panama), created through CCF Resolution No. 001-2024 dated January 16, 2024, of the Financial Coordination Council (CCF), is not a public entity and has no legal functions. Its services are for counseling purposes only, to analyze whether the innovative proposal with a specific business model aligns with relevant regulations, and its comments are non-binding. If alignment is confirmed and the regulatory framework allows, Hub experts may provide non-binding counseling on which CCF member entities to approach. If the model is not currently regulated, the Hub will provide relevant orientation to inform the user about the legal landscape of the proposed model.

When the user wishes to make an administrative request or inquiry, it must be submitted to the competent authority.

Fintech ventures or financial innovations seeking to use Hub’s services must meet the following minimum criteria:

  • The proposal must be relevant in regulatory or supervisory terms.

  • The applicant must have a specific proposal (prototype, launch-stage pilot, or scaling pilot).

  • The product, service, or business model must be innovative (new, different).
  • The proposal must be clear and well structured. The request should include brief information about the business model, target audience, general implementation plans, or operational status.

Accordingly, the Hub’s staff may decide not to admit projects that do not meet the above criteria, as they may not align with the objectives of the Innovation Hub or the prudentially supervised and regulated financial system.

None of the entities represented in the Financial Innovation Hub of Panama under the Financial Coordination Council of Panama — including SBP, SMV, SSRP, IPACOOP, SIACAP, and MICI — assumes any legal or other responsibility for the accuracy, timeliness, content, relevance, or use of the information and documents presented on this website or others linked to it.

Likewise, the entities are not liable for any loss, damage, or harm of any kind arising from access to or use of their website, including but not limited to computer system damage or issues caused by viruses and/or cyberattacks. They are also not liable for damages caused by misuse of the website or for outages, interruptions, failures, or defects in telecommunications.

The entities reserve the right to update, modify, or delete the content of the site and may restrict or deny access without prior notice. Especially in cases where technical issues, beyond their control, reduce or eliminate the standard security levels needed for the website to function properly.

All texts, designs, images, databases, audio files, software files, color combinations, logos, structures, trademarks, and other elements of this website are protected by intellectual and industrial property laws and international treaties. Any reproduction, redistribution, transmission, circulation, adaptation, translation, modification, public communication, commercialization, or exploitation of all or part of this content, in any way or by any means (electronic, mechanical, or otherwise), is strictly prohibited without prior written authorization from the Financial Coordination Council. Infringement of these rights may result in civil, criminal, or other legal proceedings.