Article: 3 examples of what Open Finance can do right now

Money, Open Governance, Open Source

3 examples of what Open Finance can do right now

Open Finance is a term that describes the act of consumers sharing their financial data with third party providers (TPPs). Initially with Open Banking, banks only had to share basic account data, whereas Open Finance means that there will be more indepth data sharing across a broader range of financial products and services.

Open Finance will unlock further innovation in the financial services sector and beyond, by making use of the expanded data set made available through secure Open APIs.

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