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New research from McKinsey Global Institute finds that the potential value of open financial data for a country ranges up to 5 percent of GDP, depending on economic structure and levels of financial access. Emerging economies stand to benefit more than advanced ones because they tend to have lower levels of financial inclusion and less financial depth. All market participants benefit to varying degrees.

The potential GDP impact of open financial data and the share accruing for different market participants varies by region.
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To read the article, see “Financial data unbound: The value of open data for individuals and institutions,” June 24, 2021.