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How open financial data is reshaping financial services

The world of financial services is watching the shift to open data closely, as technological, regulatory, and competitive forces facilitate easier and safer sharing of financial data. Although in many markets "open finance" is still in its infancy, the innovations it enables promise to reshape financial services as we have known them, touching everything from the way large companies do business to retail, small and midsize enterprises, and all aspects of personal finance and households, including mortgages and insurance. Revisit several recent articles to get up to speed on what matters, including:

  • the state of open banking around the world
  • the open-banking ecosystem, and types of products and services that are emerging
  • the benefits of data sharing for both consumers and financial institutions
  • key questions and issues to address in driving the adoption of open data for finance

Financial services unchained: The ongoing rise of open financial data

Financial data unbound: The value of open data for individuals and institutions

COVID-19: Making the case for robust digital financial infrastructure

A new look at how corporations impact the economy and households

Nordic payments: Where collaboration and competition lead to innovation

At the intersection of banking and technology: A conversation with Cross River Bank