Banking Key Facts —The approval. Colombia’s financial regulator has authorised Plata to begin operating, its second market after Mexico. —The category. It enters as a compañía de financiamiento, a regulated credit institution, and not as a bank. —The difference. Colombian law defines a bank by its power to take money in a current account; financing […] The post A $5bn Mexican Digital Bank Just Entered Colombia. Not as a Bank appeared first on The Rio Times.