Article Posted date
15 April 2024
Open Finance is one of the most potentially transformative innovations currently facing the financial sector. By fostering consent-based data mobility between financial institutions and Third Party Providers, Open Finance aims to empower consumers, drive innovation, and promote a more competitive and efficient financial landscape.
This paper, co-authored with Innovate Finance, sets out what is required to achieve an open finance economy, the prerequisite outcomes-based principles and proposes three different paths forward to implementation.
